Document:

Series 2007-1 Indenture Supplement dated as of March 17, 2006

 Exhibit 4.5 
 SPIRIT MASTER FUNDING, LLC 
 an Issuer, 

SPIRIT MASTER FUNDING II, LLC 
 an Issuer, 
 SPIRIT MASTER FUNDING III, LLC 

an Issuer 
 and

 CITIBANK, N.A. 
 Indenture Trustee 
  

 
 SERIES 2007-1
SUPPLEMENT 
 Dated as of March 29, 2007 
 To 
 AMENDED AND RESTATED 

MASTER INDENTURE 

Dated as of March 17, 2006 
  

 
 SPIRIT MASTER
FUNDING, NET-LEASE MORTGAGE NOTES, SERIES 2007-1 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	 ARTICLE I
	   

	
	 DEFINITIONS
	   

	 Section 1.01.
	 	Definitions	  	 	3	  
	
	 ARTICLE II
	   

	
	 CREATION OF THE SERIES 2006-1 NOTES; PAYMENTS ON THE 2006-1 NOTES
	   

			
	 Section 2.01.
	 	Designation	  	 	6	  
	 Section 2.02.
	 	Payments on the Series 2006-1 Notes	  	 	7	  
	 Section 2.03.
	 	Redemption of the Series 2006-1 Notes	  	 	8	  
	 Section 2.04.
	 	The Insurance Policy Proceeds Account	  	 	8	  
	 Section 2.05.
	 	Limitations Regarding Repurchases, Substitutions and Acquisitions	  	 	8	  
	
	 ARTICLE III
	   

	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 3.01.
	 	Representations and Warranties	  	 	9	  
	 Section 3.02.
	 	No Default	  	 	10	  
	 Section 3.03.
	 	Conditions Precedent Satisfied	  	 	10	  
	
	 ARTICLE IV
	   

	
	 MISCELLANEOUS PROVISIONS
	   

			
	 Section 4.01.
	 	Ratification of Indenture	  	 	10	  
	 Section 4.02.
	 	Actions by Controlling Party	  	 	10	  
	 Section 4.03.
	 	Counterparts	  	 	10	  
	 Section 4.04.
	 	Governing Law	  	 	10	  
	 Section 4.05.
	 	Beneficiaries	  	 	11	  
	 Section 4.06.
	 	Limited Recourse	  	 	11	  
	 Section 4.07.
	 	Notice to the Insurer	  	 	11	  

  

			
		
	 Exhibits
	 	
	 EXHIBIT A
	 	Representations and Warranties

  

			
	 Schedules
	 	
	 SCHEDULE I-A
	 	 Mortgage Loans

	 SCHEDULE I
	 	 Mortgage Loan Exceptions

	 SCHEDULE II-A
	 	 Mortgaged Properties

  
 i 

			
	 SCHEDULE II
	 	Mortgaged Property Exceptions
	 SCHEDULE III-A
	 	Equipment Loans
	 SCHEDULE III
	 	Equipment Loan Exceptions
	 SCHEDULE IV
	 	Amortization Schedule

  
 ii 

 SERIES 2007-1 SUPPLEMENT, dated as of March 29, 2007 (the “Series 2007-1
Supplement”), among Spirit Master Funding, LLC (an “Issuer”), Spirit Master Funding II, LLC (an “Issuer”), Spirit Master Funding III, LLC (an “Issuer” and, together
with Spirit Master Funding, LLC and Spirit Master Funding II, LLC, the “Issuers”) and the Indenture Trustee. 
 Pursuant to the Indenture, Spirit Master Funding, LLC issued the Series 2005-1 Notes, with an initial Aggregate Note Principal Balance equal to $441,300,000 and Spirit Master Funding, LLC and Spirit
Master Funding II, LLC issued the Series 2006-1 Notes, with an initial Aggregate Note Principal Balance equal to $301,820,000. Pursuant to this Series 2007-1 Supplement, the Issuers and the Indenture Trustee hereby create a new Series of Notes (the
“Series 2007-1 Notes”) and specify the Principal Terms thereof. Spirit Master Funding III, LLC is hereby designated as an Issuer hereunder. 
 Pursuant to the Indenture, the Issuers may from time to time direct the Indenture Trustee to authenticate one or more new Series of Notes. The Principal Terms of any new Series are to be set forth in a
related Series Supplement to the Indenture. 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01. Definitions. 

Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Indenture. 

“Accrual Period”: With respect to the Series 2007-1 Notes and any Payment Date, the calendar month immediately
preceding such Payment Date. 
 “Business Sector”: With respect to any Industry Group, any of the
following applicable business sectors: (a) any business sector as defined in the Indenture; and (b) any business sector as defined in the Series 2006-1 Supplement. 
 “Class A Note”: Any of the Series 2007-1 Notes with a “Class A” designation on the face thereof, issued pursuant to this Series 2007-1 Supplement and the Indenture,
executed by the Issuers and authenticated by the Indenture Trustee or the Authenticating Agent, if any, substantially in the form of Exhibit A-l, A-2 or A-3 attached to the Indenture. 

“Controlling Party”: With respect to the Series 2007-1 Notes, (i) the Insurer, for so long as no Insurer
Default has occurred and is continuing and (ii) if an Insurer Default has occurred and is continuing, the Series 2007-1 Noteholders representing in the aggregate more than 50% of the Class Principal Balance of the Series 2007-1 Notes.

  
 3 

 “Defaulted Asset”: As defined in the Property Management Agreement.

 “Delinquent Asset”: As defined in the Property Management Agreement. 

“Early Amortization Event”: With respect to the Series 2007-1 Notes, (a) as defined in the Indenture and
(b) the Insurer has determined, in its reasonable discretion, that as of the date that is six months prior to the Legal Final Payment Date related to the Series 2007-1 Notes, the Issuers will not have the ability to pay off the Series 2007-1
Notes on such Legal Final Payment Date. 
 “Indenture”: With respect to the Series 2007-1 Notes, the
Amended and Restated Master Indenture, dated March 17, 2006, between Spirit Master Funding, LLC and the Indenture Trustee, as supplemented by this Series 2007-1 Supplement and any other Series Supplement, as applicable. 

“Indenture Trustee Fee”: With respect to the Series 2007-1 Notes, an amount equal to $10,000 per annum.

 “Initial Purchaser”: Each of Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.

 “Insurance Agreement”: With respect to the Series 2007-1 Notes, the Insurance and Indemnity
Agreement, dated March 29, 2007, among the Insurer, the Issuers, Spirit Finance, Spirit Finance Acquisitions, LLC and the Indenture Trustee. 
 “Insurance Policy”: The certificate guaranty insurance policy issued to the Indenture Trustee for the benefit of the Series 2007-1 Noteholders pursuant to the provisions of the
Insurance Agreement. 
 “Insurance Policy Proceeds Account”: The segregated account established in the
name of the Indenture Trustee pursuant to Section 2.15(b) of the Indenture and Section 2.04. 

“Insurance Premium Fee Letter”: The Premium Fee Letter, dated the Series Closing Date, among the Issuers, Spirit
Finance and the Insurer. 
 “Insured Obligations”: As defined in the Insurance Policy. 

“Insurer”: With respect to the Series 2007-1 Notes, Ambac Assurance Corporation, a Wisconsin-domiciled stock
insurance corporation. 
 “Insurer Default”: With respect to the Insurance Policy and the Insurance
Agreement, the existence and continuance of any of the following: (a) a failure of the Insurer to make a payment required under the Insurance Policy in accordance with the terms thereof; or (b) (i) the Insurer (A) files any
petition or commences any case or proceeding under any provision or chapter of the Bankruptcy Code of 1978, as amended (the “Bankruptcy Code”), or any other similar federal or state law in the United States of

  
 4 

 
America relating to insolvency, bankruptcy, rehabilitation, liquidation or reorganization (an “Insolvency Law”), (B) makes a general assignment for the benefit of its
creditors, or (C) has an order for relief entered against it under any Insolvency Law, the Bankruptcy Code or any other similar federal or state law in the United States of America relating to insolvency, bankruptcy, rehabilitation, liquidation
or reorganization which is final and non-appealable, or (ii) a court of competent jurisdiction, the New York or Wisconsin Department of Insurance or any other competent regulatory authority enters a final and non-appealable order, judgment or
decree (X) appointing a custodian, trustee, agent or receiver for the Insurer or for all or any material portion of its property, or (Y) authorizing the taking of possession by a custodian, trustee, agent or receiver of the Insurer (or the
taking of possession of all or any material portion of the property of the Insurer). 
 “Insurer Premium”:
With respect to the Series 2007-1 Notes and any Payment Date, the premium payable in arrears to the Insurer pursuant to the Insurance Premium Fee Letter. 
 “Lease Transfer Mortgaged Property”: As defined in the Property Management Agreement. 
 “Maximum Property Concentration”: With respect to any date of determination: (i) with respect to the Property Concentration for any Business Sector, (a) in the case of
Specialty Retailers as of any Determination Date, a percentage equal to 23.0% as of such Determination Date, (b) in the case of Education Facilities as of any Determination Date, a percentage equal to 10.0% as of such Determination Date,
(c) in the case of Movie Theaters as of any Determination Date, a percentage equal to 12.5% as of such Determination Date, and (d) in the case of any other Business Sector (other than the Restaurant Business Sector, so long as no related
Restaurant Concept exceeds 7.5% of the Allocated Collateral Amount of all Mortgage Loans and Mortgaged Properties) as of any Determination Date, a percentage no greater than 7.5% as of such Determination Date; (ii) with respect to the Property
Concentration for any Tenant (including affiliates thereof), (x) in the case of the largest concentration of Tenants (including affiliates thereof) as of such Determination Date, a percentage equal to 7.0% as of such Determination Date and
(y) in the case of the five (5) largest concentrations of Tenants (including affiliates thereof) as of such Determination Date, an aggregate percentage equal to 30.0% as of such Determination Date; (iii) with respect to the Property
Concentration for any state, a percentage equal to 15.0% plus the Property Concentration of such state as of the Initial Closing Date; (iv) with respect to the Property Concentration for Ground Leases, a percentage equal to 2.0%; and
(v) with respect to the Property Concentration for Leases pursuant to which Tenants pay Percentage Rent only, a percent equal to 1.0%. 
 “Property Concentrations”: Concentrations, stated as a percentage, of (i) Business Sectors, (ii) Tenants (including affiliates of any Tenant), (iii) states,
(iv) Ground Leases, and (v) Leases pursuant to which Tenants pay Percentage Rent only, and are calculated by dividing the aggregate of the Allocated Collateral Amount of the Mortgage Loans and the Mortgaged Properties included in the
Collateral Pool, in each 

  
 5 

 
case, with respect to all (a) Leases of any single Business Sector, (b) Leases to any single Tenant (including affiliates of such Tenant), (c) Mortgaged Properties within any
state, (d) Mortgaged Properties which are subject to Ground Leases and (e) Mortgaged Properties which are subject to Leases pursuant to which Tenants pay Percentage Rent only, in each case, by the aggregate Allocated Collateral Amount.

 “Reinvestment Yield”: The yield on United States Treasury Securities having the closest maturity
(month and year) to the weighted average life of the Notes (prior to the application of any Voluntary Prepayment with respect thereto; if more than one such quoted United States Treasury Security has the same maturity date, then the yield of the
United States Treasury Security quoted closest to par), plus 0.50%. 
 “Scheduled Series Balance”: With
respect to any Payment Date and the Series 2007-1 Notes, the amount set forth for such date on the Amortization Schedule annexed hereto as Schedule IV. 
 “Series 2007-1 Noteholder”: With respect to any Series 2007-1 Note, the applicable Noteholder, as such term is further defined in the Indenture. 

“Series Closing Date”: March 29, 2007. 

“Spirit SPE”: Any special purpose, bankruptcy remote subsidiary (direct or indirect) of Spirit Finance (other
than any Originator). 
 ARTICLE II 
 CREATION OF THE SERIES 2007-1 NOTES; PAYMENTS ON THE 2007-1 NOTES 

Section 2.01. Designation. 
 (a) There is hereby created a Series of Notes to be issued by the Issuers pursuant to the Indenture and this Series 2007-1 Supplement to be known as “Spirit Master Funding, Net-Lease Mortgage Notes,
Series 2007-1.” The Notes shall have the following Class designation, initial Class Principal Balance, Note Rate and Ratings: 
  

							
	 Class

Designation
	 	Initial
Class
Principal Balance	 	Note Rate	 	Ratings (S&P/Moody’s)
	 	 	 
	Class A	 	$350,300,000	 	5.74%	 	AAA/Aaa

 The Note Interest with respect to each Class of the Series 2007-1 Notes will be calculated on a 30/360 basis. 

The Series 2007-1 Notes shall not have preference or priority over the Notes of any other Series except to the extent set forth in the
Indenture. The Series 2007-1 Notes shall not be subordinate to any other Series. 

  
 6 

 (b) The initial Payment Date with respect to the Series 2007-1 Notes shall be the Payment
Date occurring on April 20, 2007. The Legal Final Payment Date with respect to the Series 2007-1 Notes shall be in March 2022. The Rated Final Payment Date with respect to the Series 2007-1 Notes shall be in March 2025. 

(c) The initial Collection Period with respect to the Series 2007-1 Notes shall be the period commencing on March 29, 2007 to and
including April 9, 2007. 
 (d) The Series 2007-1 Notes offered and sold shall be issued in the form of Book-Entry Notes.
The Notes shall be issuable in minimum denominations of $100,000 and integral multiples of $1 in excess thereof. 

Section 2.02. Payments on the Series 2007-1 Notes. On each Payment Date, the Indenture Trustee will apply and will pay the
Series Available Amount with respect to the Series 2007-1 Notes for such Payment Date for the following purposes and in the following order of priority: 
 (1) to the Insurer, the earned and unpaid Insurer Premium due as of such Payment Date; 
 (2) to the Class A Noteholders, the Note Interest with respect to the Class A Notes, plus unpaid Note Interest with respect to the Class A Notes from any prior Payment Date, together with
interest on any such unpaid Note Interest at the Note Rate applicable to the Class A Notes; 
 (3) (I) so
long as no Early Amortization Event or Event of Default has occurred and is continuing, until the Class Principal Balance of the Class A Notes has been reduced to zero, to the Class A Noteholders, an amount up to the sum of the Scheduled
Principal Payments and all Unscheduled Principal Payments allocable to Series 2007-1 for such Payment Date, or (II) if an Early Amortization Event or Event of Default has occurred and is continuing, on a pro rota basis based on unpaid
principal amounts, to the Class A Noteholders, in respect of unpaid principal of the Class A Notes, up to an aggregate amount equal to the applicable Series Available Amount remaining for such Payment Date; 

(4) to the Insurer, an amount equal to the aggregate amount of unreimbursed payments made under the Insurance Policy and
all other amounts owed to the Insurer under the Insurance Policy and the Insurance Agreement and interest on such amounts at the rate agreed upon between the Insurer and the Issuers; and 

(5) to the Class A Noteholders, the Make Whole Payments allocated to the Series 2007-1 Notes, if any, due on such
Payment Date, together with any unpaid Make Whole Payments allocated to the Series 2007-1 Notes from any prior Payment Date. 

  
 7 

 Only the Insurer may waive the occurrence of an Early Amortization Event under clause
(b) of the definition of “Early Amortization Event” (as such definition is set forth in this Series 2007-1 Supplement). 
 Section 2.03. Redemption of the Notes. On any Payment Date prior to the applicable Legal Final Payment Date, the Issuers may redeem the Series 2005-1 Notes, Series 2006-1 Notes, Series 2007-1
Notes or, as provided in the applicable Supplement, any other Series, in whole or in part in accordance with the Indenture at a price equal to the outstanding principal amounts thereof plus accrued and unpaid interest thereon, the applicable Make
Whole Payments, if any, and any outstanding expenses with respect to such redemption. 
 Section 2.04. The Insurance
Policy Proceeds Account. The Indenture Trustee shall, prior to the Series Closing Date, establish the Insurance Policy Proceeds Account at Citibank, N.A., in its name, as Indenture Trustee, bearing a designation clearly indicating that such
account and all funds deposited therein are held for the exclusive benefit of the Series 2007-1 Noteholders, over which the Indenture Trustee shall have exclusive control and the sole right of withdrawal, and in which none of the Issuers or any
other Person shall have any legal or beneficial interest. Amounts held in the Insurance Policy Proceeds Account shall be held uninvested. 
 Section 2.05. Limitations Regarding Repurchases, Substitutions and Acquisitions. Except with respect to repurchases or substitutions by the applicable Originator or Support Provider due to a
Collateral Defect, each Issuer may only sell or exchange its related Mortgaged Property or Mortgage Loan to or with any of its Affiliates subject to the following conditions: (a) such Issuer may sell or exchange such Mortgaged Property or
Mortgage Loan only to or with a Spirit SPE that is not the Originator of such Mortgaged Property or Mortgage Loan or, in the case of such Mortgaged Properties or Mortgage Loans that are Delinquent Assets or Defaulted Assets, to or with the Property
Manager, the Special Servicer or a Spirit SPE that is not the Originator thereof, (b) the aggregate Collateral Value of all Mortgaged Properties and Mortgage Loans owned by an Issuer that are sold to or exchanged with affiliates of that Issuer
and are not related to Delinquent Assets or Defaulted Assets may not exceed 10% of the Collateral Value of the Mortgage Loans and Mortgaged Properties (that do not otherwise secure a Mortgage Loan) owned by that Issuer as of the Series Closing Date,
and (c) the aggregate Collateral Value of all Mortgaged Properties and Mortgage Loans owned by an Issuer that are sold to affiliates of that Issuer and are related to Delinquent Assets or Defaulted Assets may not exceed 10% of the Collateral
Value of the Mortgage Loans and Mortgaged Properties (that do not otherwise secure a Mortgage Loan) owned by that Issuer as of the Series Closing Date; provided, that, subject to receipt of an Opinion of Counsel regarding certain matters of
bankruptcy law, such 10% limitation may be waived by the Insurer. 
 The aggregate Collateral Value of Qualified Substitute
Mortgage Loans and Qualified Substitute Mortgaged Properties acquired by the Issuers from Affiliates thereof (including with proceeds from sales to third parties) may not exceed: (i) in any 12-month period, 10% of the Aggregate Collateral Value
as of the Series Closing Date and (ii) over the term of the Notes, 25% of the Aggregate Collateral Value as of the 

  
 8 

 
Series Closing Date; provided, however, that, upon the consent of the Insurer and subsequent to such consent provision of 20 days’ notice to the Rating Agencies, the foregoing limitations
will not include Qualified Substitute Mortgage Loans or Qualified Substitute Mortgaged Properties from parties unaffiliated with Spirit Finance; provided, further, that the foregoing limitations will not include any mortgaged properties substituted
pursuant to any Third Party Purchase Options or any Lease Transfer Mortgaged Properties. In addition, the acquisition of any Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan by an Issuer may not cause: (i) the
Property Concentration of Recreational Facilities on any such date of acquisition to exceed the applicable percentage set forth on the Series Closing Date; and (ii) subject to ten (10) Business Days’ notification to the Rating
Agencies, the Property Concentration of the Retail Industry Group (excluding Specialty Retailers) on any such date of acquisition to be less than 40%. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 

Section 3.01. Representations and Warranties. 
 (a) The Issuers and the Indenture Trustee hereby restate as of the Series Closing Date, or as of such other date as is specifically referenced in the body of such representation and warranty, all of the
representations and warranties set forth in Section 5.06 and Section 9.04, as applicable, of the Indenture. 
 (b)
Each of the parties hereto make the following representations: 
 (i) it has full corporate power and authority
to execute, deliver and perform under this Series 2007-1 Supplement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this Series 2007-1 Supplement is in the ordinary course of its business
and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of its organizational documents, or any material agreement or instrument to which it is now a party or by which it is bound, or result in the violation
of any law, rule, regulation, order, judgment or decree to which it or its property is subject, except any such violation that would not result in a material adverse effect on the business or financial condition of such party or the enforceability
of any of the Transaction Documents. The execution, delivery and performance by it of this Series 2007-1 Supplement, and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action.
This Series 2007-1 Supplement has been duly executed and delivered by it and constitutes the valid and legally binding obligation of it enforceable against it in accordance with its terms; and 

(ii) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity
is required to be obtained or made by it in connection with the execution, delivery or performance 

  
 9 

 by it of this Series 2007-1 Supplement, or the consummation by it of the transactions
contemplated hereby, except such as have already been obtained. 
 Section 3.02. No Default. The Issuers hereby
represent and warrant to the Series 2007-1 Noteholders and the Indenture Trustee that, as of the Series Closing Date, no Event of Default has occurred and is continuing. 
 Section 3.03. Conditions Precedent Satisfied. The Issuers hereby represent and warrant to the Series 2007-1 Noteholders and the Indenture Trustee that, as of the Series Closing Date, each of
the conditions precedent set forth in the Indenture, including but not limited to those conditions precedent set forth in Section 2.04(e) thereof, have been satisfied. 
 Section 3.04. Collateral Representations and Warranties. The Issuers hereby represent and warrant to the Indenture Trustee on behalf of the Noteholders and the Insurers that the
representations and warranties set forth on Exhibit A hereto are true and correct as of the Series Closing Date (or such other date as is set forth in any such representation or warranty) with respect to the Mortgage Loans, Mortgaged Properties and
Leases Granted by such Issuer on or prior to the Series Closing Date, except as otherwise set forth in Exhibit A hereto. 

ARTICLE IV 

MISCELLANEOUS PROVISIONS 
 Section 4.01. Ratification of Indenture. As supplemented by this Series 2007-1 Supplement, the Indenture is in all respects ratified and confirmed and the Indenture, as so supplemented by the
Series 2005-1 Supplement, the Series 2006-1 Supplement and this Series 2007-1 Supplement, shall be read, taken and construed as one and the same instrument. 
 Section 4.02. Actions by Controlling Party. So long as no Insurer Default has occurred and is continuing, the Insurer, and at any time that an Insurer Default has occurred and is continuing,
Series 2007-1 Noteholders representing more than 50% of the Aggregate Note Principal Balance of the Series 2007-1 Notes, will be entitled to exercise the rights and remedies of the Series 2007-1 Noteholders with respect to actions taken by the
Controlling Party pursuant to the Indenture. 
 Section 4.03. Counterparts. This Series 2007-1 Supplement may be
executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 

Section 4.04. Governing Law. THIS SERIES 2007-1 SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE 

  
 10 

 
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 4.05. Beneficiaries. As supplemented by this Series 2007-1 Series Supplement, the Indenture shall inure to the
benefit of and be binding upon the parties hereto, the Series 2007-1 Noteholders, and their respective successors and permitted assigns. No other Person shall have any right or obligation hereunder. 

Section 4.06. Limited Recourse. Notwithstanding anything to the contrary herein or otherwise in the Indenture, the Series
2007-1 Notes are nonrecourse obligations solely of the Issuers and shall be payable only from the Collateral Pool and from drawings on the Insurance Policy. Upon the exhaustion of the Collateral included in the Collateral Pool, any liabilities of
the Issuers hereunder shall be extinguished. Each Series 2007-1 Noteholder shall be deemed to have agreed, by acceptance of its Note, not to file or join in filing any petition in bankruptcy or commence any similar proceeding in respect of any
Issuer for a period of two years and 31 days following payment in full of all of the Notes issued or co-issued by such Issuer under the Indenture. 
 Section 4.07. Notice to the Insurer and the Rating Agencies. Any communication provided for or permitted hereunder or otherwise pursuant to the Indenture shall be in writing and, unless
otherwise expressly provided herein, shall be deemed to have been duly given if delivered by courier or mailed by first class mail, postage prepaid, or if transmitted by facsimile and confirmed in a writing delivered or mailed as aforesaid, to:
(i) in the case of the Insurer, Ambac Assurance Corporation, One State Street Plaza, New York, New York 10004, Attention: Structured Finance — Mortgage-Backed Securities Group, facsimile number: (212) 363-1459, with a
copy to, Cadwalader, Wickersham & Taft LLP, One World Financial Center, New York, New York 10281, Attention: Pat Quinn, facsimile number (212) 909-5870; (ii) in the case of S&P, Standard & Poor’s Rating
Services, a division of The McGraw-Hill Companies, Inc., 55 Water Street, 41st Floor, New York, New York, 10004, Attention: Asset-Backed Surveillance Department, facsimile number: (212) 438-2435; and (iii) in the case of Moody’s, Moody’s Investor Services, Inc.,
99 Church Street, New York, New York 10007, Attention: Asset-Backed Monitoring, facsimile number: (212) 553-1350; or, as to each such Person, such other address or facsimile number as may hereafter be furnished by such Person to the parties
hereto in writing. 

  
 11 

 IN WITNESS WHEREOF, the Issuers and the Indenture Trustee have caused this Series 2007-1
Supplement to be duly executed and delivered by their respective officers thereunto duly authorized and their respective seals, duly attested, to be hereunto affixed, all as of the day and year first above written. 

 

			
	 SPIRIT MASTER FUNDING, LLC
 as an Issuer

		
	 By:
	 	/s/ Jeffrey M. Fleischer
	 Name:
	 	Jeffrey M. Fleischer
	 Title:
	 	Senior Vice President

  

			
	 SPIRIT MASTER FUNDING II, LLC
 as an Issuer

		
	 By:
	 	/s/ Gregg A. Seibert
	 Name:
	 	Gregg A. Seibert
	 Title:
	 	Senior Vice President

  

			
	 SPIRIT MASTER FUNDING III, LLC
 as an Issuer

		
	 By:
	 	/s/ Gregg A. Seibert
	 Name:
	 	Gregg A. Seibert
	 Title:
	 	Senior Vice President

  

			
	 CITIBANK, N.A.
 not
in its individual capacity but solely as Indenture Trustee

 
			
		
	 By:
	 	/s/ John Hannon
	 Name:
	 	John Hannon
	 Title:
	 	Vice President

  

 EXHIBIT A 
 REPRESENTATIONS AND WARRANTIES 
 SPIRIT MASTER FUNDING,
LLC, SPIRIT MASTER FUNDING II, LLC and SPIRIT MASTER FUNDING III, LLC, each a Delaware limited liability company (each, an “Issuer”), on this 29th day of March, 2007, hereby deliver this Issuer Certification pursuant to that certain Indenture, dated as of
March 17, 2006 (the “Indenture”) and that certain Amended and Restated Property Management and Servicing Agreement, dated as of March 17, 2006 (the “Property Management Agreement”).
Capitalized terms used but not defined herein shall have the meanings set forth in the Indenture, and if not set forth in the Indenture, in the Property Management Agreement. 

1. Mortgage Loans. With respect to each Mortgage Loan (as identified in Schedule I-A), the applicable Issuer hereby
represents and warrants with respect to any Mortgage Loans pledged by it prior to the Series Closing Date or purchased or substituted by such Issuer from a third party (subject to Section 2.05 of the Property Management Agreement), as of the
date herein below specified or, if no such date is specified, as of the Series Closing Date, except as set forth on Schedule I hereto, that: 
 (a) Immediately prior to the transfer and assignment of the Mortgage Loan to such Issuer, the applicable Originator had good and insurable fee title to, and was the sole owner and holder of, the Mortgage
Loan, free and clear of any and all liens, encumbrances and other interests on, in or to the Mortgage Loan. Such transfer and assignment from the applicable Originator to such Issuer of the Mortgage Loan by collateral assignment and by individual
allonges of the Mortgage Notes and Assignments of the Mortgages in blank validly assigns all of such Originator’s right, title and ownership of the Mortgage Loan to such Issuer (and, with respect to the Mortgage, to the Collateral Agent) free
and clear of any pledge, lien, encumbrance or security interest. 
 (b) The applicable Originator has full right and authority
to sell, contribute, assign and transfer the Mortgage Loan to such Issuer. The entire agreement with the applicable Originator (whether originated by such Originator or a different originator) is contained in the Loan Documents and there are no
warranties, agreements or options regarding such Mortgage Loan or the related Mortgaged Property not set forth therein. Other than the Loan Documents, there are no agreements between any predecessor in interest in the Mortgage Loan and the Borrower.

 (c) The information pertaining to the Mortgage Loan set forth in the mortgage loan schedule attached to the related Purchase
and Sale Agreement was true and correct in all material respects as of the related Transfer Date. The Mortgage Loan was originated or acquired in accordance with, and fully complies with, the related underwriting guidelines in all material respects.
The related Loan File contains all of the documents and instruments required to be contained therein. 

  
 13 

 (d) The following are “Permitted Exceptions” with respect to the
Mortgage Loan and the related Mortgaged Properties and Leases: (i) liens for real estate taxes and special assessments not yet due and payable or due but not yet delinquent, (ii) covenants, conditions and restrictions, rights-of-way,
easements and other matters of public record, such exceptions being of a type or nature that are acceptable to mortgage lending institutions generally, (iii) those purchase options described under “Description of the Mortgage Loans, the
Mortgaged Properties and the Leases—Terms Governing the Leases—Third Party Purchase Option” in the related Private Placement Memorandum and (iv) other matters to which like properties are commonly subject, which matters referred
to in clauses (i), (ii), (iii), and (iv) do not, individually or in the aggregate, materially interfere with the value of the Mortgaged Property, or do not materially interfere or restrict the current use or operation of the Mortgaged Property
relating to the Mortgage Loan or do not materially interfere with the security intended to be provided by the Mortgage, the current use or operation of the Mortgaged Property or the current ability of the Mortgaged Property to generate net operating
income sufficient to service the Mortgage Loan. Financing Statements have been filed and/or recorded (or, if not filed and/or recorded, have been submitted in proper form for filing and recording), in all public places necessary to perfect a valid
first priority security interest in all items of personal property defined as part of the Mortgaged Property and in all cases, subject to a purchase money security interest and to the extent perfection may be effected pursuant to applicable law
solely by recording or filing Financing Statements. 
 (e) The related Mortgage constitutes a valid, legally binding and
enforceable first priority lien upon the related Mortgaged Property securing the Mortgage Loan and the improvements located thereon and forming a part thereof, prior to all other liens and encumbrances, except for Permitted Exceptions. The lien of
the Mortgage is insured by an American Land Title Association (or an equivalent form thereof as adopted in the applicable jurisdiction) mortgagee’s title insurance policy (a “Title Policy”), issued by a nationally
recognized title insurance company, insuring the originator of the Mortgage Loan, its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan after all advances of principal,
subject only to Permitted Exceptions (or, if a Title Policy has not yet been issued in respect of the Mortgage Loan, a policy meeting the foregoing description is evidenced by a commitment for title insurance “marked up” (or by
“pro-forma” otherwise agreed to in a closing instruction letter countersigned by the title company) as of the closing date of the Mortgage Loan). Each Title Policy (or, if it has yet to be issued, the coverage to be provided thereby) is in
full force and effect, all premiums thereon have been paid and no material claims have been made thereunder and no claims have been paid thereunder. Neither the applicable Originator nor the Issuer (as applicable) has, by act or omission, done
anything that would materially impair the coverage under such Title Policy. Immediately following the transfer and assignment of the Mortgage Loan to such Issuer, such Title Policy (or, if it has yet to be issued, the coverage to be provided
thereby) will inure to the benefit of such Issuer without the consent of or notice to the insurer. 
 (f) Neither the applicable
Originator nor the Issuer (as applicable) has waived any material default, breach, violation or event of acceleration existing under the Mortgage or Mortgage Note. 

  
 14 

 (g) The Borrower has not waived any material default, breach, violation or event of
acceleration by the Tenant existing under the Lease. 
 (h) There is no valid offset, defense or counterclaim to the payment or
performance obligations of the Mortgage Loan. 
 (i) The Mortgaged Property securing the Mortgage Loan is free and clear of any
damage that would materially and adversely affect its value as security for the Mortgage Loan. No proceeding for the condemnation of all or any material portion of the Mortgaged Property has been commenced. 

(j) The Mortgage Loan complied with all applicable usury laws in effect at its date of origination. 

(k) The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder. All costs,
fees and expenses incurred in making, closing and recording the Mortgage Loan, including, but not limited to, mortgage recording taxes and recording and filing fees relating to the origination of such Mortgage Loan, have been paid. Any and all
requirements as to completion of any on-site or off-site improvement by the Borrower and as to disbursements of any escrow funds therefor that were to have been complied with have been complied with. 

(1) The Borrower under the related Mortgage Note, Mortgage and all other Loan Documents had the power, authority and legal capacity to
enter into, execute and deliver the same, and, as applicable, such Mortgage Note, Mortgage and other Loan Documents have been duly authorized, properly executed and delivered by the parties thereto, and each is the legal, valid and binding
obligation of the maker thereof (subject to any non recourse provisions contained in any of the foregoing agreements and any applicable state anti-deficiency legislation), enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other laws relating to or affecting the rights of creditors generally and by general principles of equity (regardless of whether such enforcement is considered in a
proceeding in equity or at law). 
 (m) All improvements upon the Mortgaged Property securing the Mortgage Loan are insured
under insurance policies (as described in a schedule to the related Purchase and Sale Agreement entitled the “Insurance Schedule”). The Loan Documents require the Borrower to maintain, or cause the Tenant to maintain, and the
Lease requires the Tenant to maintain, insurance coverage described on the Insurance Schedule and all insurance required under applicable law including, without limitation, insurance against loss by hazards with extended coverage in an amount
(subject to a customary deductible) at least equal to the full replacement cost of the improvements located on such Mortgaged Property, including without limitation, flood insurance if any portion of the improvements located upon the Mortgaged
Property was, at the time of the origination of the Mortgage Loan, in a flood zone area as identified in the Federal Register by the Federal Emergency Management Agency as a 100 year flood zone or special hazard area, and flood insurance was
available under the then current guidelines 

  
 15 

 
of the Federal Insurance Administration and is in effect with a generally acceptable insurance carrier. The Loan Documents require the Borrower to maintain, or to cause the Tenant to maintain, on
the Mortgaged Property securing any Mortgage Loan a fire and extended perils insurance policy, in an amount not less than the replacement cost and the amount necessary to avoid the operation of any co-insurance provisions with respect to the
Mortgaged Property. All such insurance policies contain a standard “additional insured” clause (or similar clause) naming the Borrower (as landlord under the related Lease), its successors and assigns (including, without limitation,
subsequent owners of the Mortgaged Property), as additional insured, and may not be reduced, terminated or canceled without thirty (30) (and, in some cases, ten (10)) days’ prior written notice to the additional insured. In addition,
the Mortgage requires the Borrower to (i) cause the holder of the Mortgage to be named as an additional insured mortgagee, and (ii) maintain (or to require the Tenant to maintain) in respect of the Mortgaged Property workers’
compensation insurance (if applicable), commercial general liability insurance in amounts generally required by such holder of the Mortgage, and at least 6 months’ rental or business interruption insurance. The related Loan Documents obligate
the Borrower to maintain such insurance and, at such Borrower’s failure to do so, authorizes the mortgagee to maintain such insurance at the Borrower’s cost and expense and to seek reimbursement therefor from such Borrower. Each such
insurance policy, as applicable, is required to name the holder of the Mortgage as an additional insured or contain a mortgagee endorsement naming the holder of the Mortgage as loss payee and requires prior notice to the holder of the Mortgage of
termination or cancellation, and no such notice has been received, including any notice of nonpayment of premiums, that has not been cured. There have been no acts or omissions that would impair the coverage of any such insurance policy or the
benefits of the mortgage endorsement. All insurance contemplated in this section is maintained with insurance companies with a General Policy Rating of “A” or better by S&P or “A:VI” or better by Best’s Insurance Guide
and are licensed to do business in the state wherein the Borrower or the Mortgaged Property subject to the policy, as applicable, is located. 
 (n) As of the Series Closing Date, with the exception of the 67 Mortgaged Properties securing 67 Mortgage Loans, representing approximately 2.5% of the Mortgaged Properties (by Allocated Collateral
Amount), for each of which there is an environmental insurance policy in place, the Mortgaged Property securing the Mortgage Loan was subject to one or more environmental site assessments or reports (or an update of a previously conducted assessment
or report) prior to the origination of such Mortgage Loan, and neither the applicable Originator nor the Issuer (as applicable) has knowledge of any material and adverse environmental conditions or circumstance affecting such Mortgaged Property that
was not disclosed in the related assessment or report(s). There are no material and adverse environmental conditions or circumstances affecting the Mortgaged Property securing any such Mortgage Loan other than, with respect to any adverse
environmental condition described in such report, those conditions for which remediation has been completed and, thereafter, to the extent that such report or remediation program is so recommended: (i) a program of annual integrity testing
and/or monitoring was recommended and implemented in connection with the Mortgaged Property securing any such Mortgage Loan or an adjacent or neighboring property; (ii) an operations and maintenance plan or periodic monitoring of such Mortgaged
Property or 

  
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 nearby properties was recommended and implemented; or (iii) a follow-up plan was otherwise required to
be taken under CERCLA or under regulations established thereunder from time to time by the Environmental Protection Agency, and such plan has been implemented in the case of (i), (ii) and (iii) above. The Borrower determined in accordance
with the related underwriting guidelines that adequate funding was available for such program or plan, as applicable. The applicable Originator has not taken any action with respect to the Mortgage Loan or the Mortgaged Property securing such
Mortgage Loan that could subject such Issuer, or its successors and assigns in respect of the Mortgage Loan, to any liability under CERCLA or any other applicable federal, state or local environmental law, and neither such Originator nor the Issuer
(as applicable) has received any actual notice of a material violation of CERCLA or any applicable federal, state or local environmental law with respect to the Mortgaged Property securing such Mortgage Loan that was not disclosed in the related
report. The Mortgage or other Loan Documents require the Borrower (and the Leases require the Tenant) to comply with all applicable federal, state and local environmental laws and regulations. 

(o) The Mortgage Loan is not cross-collateralized with any mortgage loan that is not included in the Collateral Pool. 

(p) The terms of the Mortgage, Mortgage Note and other Loan Documents have not been impaired, waived, altered, modified, satisfied,
canceled or subordinated in any material respect, except by written instruments that are part of the Loan File, recorded or filed in the applicable public office if necessary to maintain the priority of the lien of the related Mortgage. 

(q) There are no delinquent taxes, ground rents, assessments for improvements or other similar outstanding lienable charges affecting the
related Mortgaged Property which are or may become a lien of priority equal to or higher than the lien of the Mortgage. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the
date on which interest and/or penalties would be payable thereon. 
 (r) Except for any Mortgage Loan secured by a Ground Lease,
the interest of the Borrower in the Mortgaged Property consists of a fee simple estate in real property. 
 (s) The Mortgage Loan
is a whole loan and not a participation interest. 
 (t) The assignment of the Mortgage referred to in the Loan File constitutes
the legal, valid and binding assignment of such Mortgage from the relevant assignor to such Issuer or to the Collateral Agent. The Assignment of Leases and Rents set forth in the Mortgage or separate from the Mortgage and related to and delivered in
connection with the Mortgage Loan establishes and creates a valid, subsisting and, subject only to Permitted Exceptions, enforceable first priority lien and first priority security interest in the Borrower’s interest in all leases, subleases,
licenses or other agreements pursuant to which any person is entitled to occupy, use or possess all or any portion of the real property subject to the Mortgage, and each assignor thereunder has the

  
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 full right to assign the same. The related assignment of Mortgage or any assignment of leases and rents not
included in a Mortgage, executed and delivered in favor of the Issuer is in recordable form and constitutes a legal, valid and binding assignment, sufficient to convey to the assignee named therein all of the assignor’s right, title and
interest in, to and under such assignment of leases and rents. 
 (u) All escrow deposits relating to the Mortgage Loan that are
required to be deposited with the holder of the Mortgage Loan or its agent have been so deposited. 
 (v) As of the date of
origination of such Mortgage Loan and, as of the Transfer Date, as the case may be, the Mortgaged Property securing such Mortgage Loan was and is free and clear of any mechanics’ and materialmen’s liens or liens in the nature thereof which
create a lien prior to that created by the Mortgage, except those which are insured against by the Title Policy referred to in paragraph (e) above. 
 (w) As of the date of the origination of the Mortgage Loan, no improvement that was included for the purpose of determining the appraised value of the related Mortgaged Property securing such Mortgage
Loan at the time of origination of the Mortgage Loan lay outside the boundaries and building restriction lines of such property in any way that would materially and adversely affect the value of such Mortgaged Property or the ability to operate the
Mortgaged Property under the related Lease (unless affirmatively covered by the title insurance referred to in paragraph (e) above), and no improvements on adjoining properties encroached upon such Mortgaged Property to any material extent.

 (x) (i) There exists no material default, breach or event of acceleration under the Mortgage Loan or any of the Loan
Documents or the related Lease, if any, (ii) there exists no event (other than payments due but not yet delinquent) that, with the passage of time or with notice and the expiration of any grace or cure period, would constitute such a material
default, breach or event of acceleration, (iii) no payment on any Mortgage Loan is, or has previously been during any time owned by the applicable Originator or such Issuer, 30 or more days delinquent, and (iv) no payment on any related
Lease is or has previously been 30 or more days delinquent; provided, however, that this representation and warranty does not cover any default, breach or event of acceleration that specifically pertains to any matter otherwise covered or addressed
by any other representation and warranty made by such Originator with respect to the Mortgage Loan. 
 (y) In connection with
the origination of the Mortgage Loan, the applicable Originator inspected or caused to be inspected the Mortgaged Property securing the Mortgage Loan by inspection, appraisal or otherwise as required in such Originator’s underwriting guidelines
then in effect. 
 (z) The Mortgage Loan contains no equity participation by or shared appreciation rights in the lender or
beneficiary under the Mortgage, and does not provide for any contingent or additional interest in the form of participation in the cash flow of the Mortgaged Property securing the Mortgage Loan, or for negative amortization. 

  
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 (aa) No holder of the Mortgage Loan has advanced funds or induced, solicited or knowingly
received any advance of funds from a party other than the owner of the Mortgaged Property securing the Mortgage Loan, directly or indirectly, for the payment of any amount required by the Mortgage Loan (other than amounts paid by the Tenant as
specifically provided under the related Lease). 
 (bb) To the applicable Originator’s knowledge, based on due diligence
customarily performed in the origination or acquisition of comparable mortgage loans by such Originator, as of the date of origination or acquisition of the Mortgage Loan, the related Borrower, was in compliance with all applicable laws relating to
the ownership and operation of any Mortgaged Property securing the Mortgage Loan as then operated and was in possession of all material licenses, permits and authorizations required by applicable laws for the ownership and operation of such
Mortgaged Property as operated. With respect to any Mortgaged Property operated as a franchised property, and except with respect to Mortgage Loans for which the related Tenant is the franchisor, the Tenant of such Mortgaged Property has entered
into a legal, valid, and binding franchise agreement and such lessee operator has represented in the applicable lease documents that, as of the date of origination or acquisition of the Mortgage Loan, there were no defaults under the franchise
agreement by such Tenant. 
 (cc) The origination, servicing and collection practices the applicable Originator or Issuer used
with respect to the Mortgage Loan since such Originator’s origination or, as applicable, such Originator’s or Issuer’s acquisition thereof have complied with applicable law in all material respects and are consistent and in accordance
with the terms of the related Loan Documents and in accordance with the applicable servicing standard and customary industry standards. 
 (dd) The Mortgage or Mortgage Note, together with applicable state law, contains customary and enforceable provisions (subject to the exceptions set forth in paragraph (1) above) such as to render
the rights and remedies of the holders thereof adequate for the practical realization against the Mortgaged Property securing the Mortgage Loan of the principal benefits of the security intended to be provided thereby, including the right of
foreclosure under the laws of the state in which the Mortgaged Property securing the Mortgage Loan is located. 
 (ee) The
Mortgage provides that insurance proceeds and condemnation proceeds will be applied for one of the following purposes: to restore or repair the Mortgaged Property securing the Mortgage Loan; to repay the principal of the Mortgage Loan; or to be used
as otherwise directed by the holder of such Mortgage. 
 (ff) There are no actions, suits, legal, arbitration or administrative
proceedings or investigations by or before any court or governmental authority or, to the best of the applicable Originator’s or Issuer’s knowledge, as applicable, pending against or affecting the Borrower or the Mortgaged Property
securing the Mortgage Loan that, if determined adversely to such Borrower or the Mortgaged Property securing the Mortgage Loan, would materially and adversely affect the value of the Mortgaged Property 

  
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 securing the Mortgage Loan or the ability of the Borrower to pay principal, interest or any other amounts
due under the Mortgage Loan or the related Lease, as applicable. 
 (gg) If the Mortgage is a deed of trust, a trustee, duly
qualified under applicable law to serve as such, is properly designated and serving under such Mortgage. Except in connection with a trustee’s sale or as otherwise required by applicable law, after default by the Borrower, no fees or expenses
are payable to such trustee. 
 (hh) Except in cases where either (i) a release of a portion of the Mortgaged Property
securing the Mortgage Loan was contemplated at origination of the Mortgage Loan and such portion was not considered material for purposes of underwriting the Mortgage Loan, or (ii) release is conditioned upon the satisfaction of certain
underwriting and legal requirements and the payment of a release price, neither the Mortgage Note nor the Mortgage requires the holder thereof to release all or any portion of the Mortgaged Property securing the Mortgage Loan from the lien of the
Mortgage except upon payment in full of all amounts due under the Mortgage Loan. 
 (ii) The Mortgage does not permit the
Mortgaged Property securing the Mortgage Loan to be encumbered by any lien junior to or of equal priority with the lien of the Mortgage (excluding any lien relating to another Mortgage Loan that is cross collateralized with the Mortgage Loan)
without the prior written consent of the holder thereof. 
 (jj) The Borrower is not a debtor in any state or federal bankruptcy
or insolvency proceeding. 
 (kk) As of the date of origination or acquisition of the Mortgage by the applicable Originator, the
Borrower, if not a natural person, was duly organized and validly existing under the laws of the state of its jurisdiction. 

(ll) The Mortgage Loan contains provisions for the acceleration of the payment of the unpaid principal balance of the Mortgage Loan if,
without complying with the requirements of the Mortgage Loan, the Mortgaged Property securing the Mortgage Loan, or any controlling interest in the Borrower, is directly or indirectly transferred or sold. 

(mm) The Loan Documents for the Mortgage Loan provide that the Borrower is to provide periodic financial and operating reports including,
without limitation, annual profit and loss statements, statements of cash flow and other related information that such Issuer reasonably requests from time to time. 
 (nn) To the applicable Originator’s actual knowledge, based upon zoning letters, zoning reports, the Title Policy insuring the lien of the Mortgage, historical use and/or other due diligence
customarily performed by such Originator in connection with the origination of the Mortgage Loan, the improvements located on or forming part of such Mortgaged Property securing the Mortgage Loan comply in all material respects with applicable
zoning laws and ordinances (except to the extent that they may constitute legal non-conforming uses). 

  
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 (oo) Any Mortgaged Property securing the Mortgage Loan is located within one of the 50
United States or the District of Columbia. 
 (pp) With respect to the Mortgage Loan if secured by a Mortgaged Property located
in “seismic zones” 3 or 4, the Borrower or such Issuer (or an affiliate of such Issuer) has obtained, and is required under the Loan Documents to maintain, earthquake insurance with respect to the improvements on and forming a part of such
Mortgaged Property, or is required to cause the Tenant to maintain (and the Tenant has obtained) earthquake insurance if such Mortgaged Property is located in any such area. 
 (qq) The applicable Originator does not have knowledge of any circumstance or condition with respect to such Mortgage Loan, the Mortgaged Property securing the Mortgage Loan, the related Lease or the
Borrower’s or the Tenant’s credit standing that could reasonably be expected to cause such Issuer to regard such Mortgage Loan as unacceptable security, cause such Mortgage Loan or the related Lease to become delinquent or have a material
adverse effect on the value or marketability of such Mortgage Loan. 
 (rr) The Mortgaged Property securing the Mortgage Loan
has adequate rights of access to public rights-of-way and is served by utilities, including, without limitation, adequate water, sewer, electricity, gas, telephone, sanitary sewer, and storm drain facilities. All public utilities necessary to the
continued use and enjoyment of the Mortgaged Property securing the Mortgage Loan as presently used and enjoyed are located in such public rights-of-way abutting such Mortgaged Property or are the subject of access easements for the benefit of the
Mortgaged Property, and all such utilities are connected so as to serve such Mortgaged Property without passing over other property or are the subject of access easements for the benefit of such Mortgaged Property. All roads necessary for the full
use of the Mortgaged Property securing the Mortgage Loan for its current purpose have been completed and dedicated to public use and accepted by all governmental authorities or are the subject of access easements for the benefit of such Mortgaged
Property. 
 (ss) With respect to any Mortgage Loan where all or a material portion of the Mortgaged Property securing such
Mortgage Loan is a leasehold estate, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel letter or other writing received from
the Ground Lessor included in the related Loan File and, if applicable, the related Mortgage: 
 (1) The Ground
Lease or a memorandum regarding such Ground Lease has been duly recorded. The Ground Lessor has permitted the interest of the Ground Lessee to be encumbered by the related Mortgage. To the best of the applicable Originator’s or Issuer’s
knowledge, as applicable, there has been no material change in the terms of the Ground Lease since its recordation, except by any written instruments which are included in the related Loan File. 

  
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 (2) The Ground Lease may not be amended, modified, canceled or terminated
without the prior written consent of the lender and that any such action without such consent is not binding on the lender, its successors or assigns. 
 (3) The Ground Lease has an original term (or an original term plus one or more optional renewal terms, which, under all circumstances, can be exercised, and is enforceable, by the lender) that extends
not less than 20 years beyond the stated maturity of the related Mortgage Loan. 
 (4) Based on the Title Policy
referenced in paragraph (e) above, the Ground Leasehold interest is not subject to any liens or encumbrances superior to, or of equal priority with, the Mortgage, subject to permitted encumbrances and liens that encumber the Ground
Lessor’s fee interest. 
 (5) The Ground Lease is assignable to the lender and its assigns without the
consent of the Ground Lessor thereunder. 
 (6) The Ground Lease is in full force and effect and no default has
occurred under the Ground Lease and there is no existing condition which, but for the passage of time or the giving of notice, would result in a material default under the terms of the Ground Lease. 

(7) The Ground Lessor is required to give notice of any default by the related lessee to the lender. 

(8) The lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of
the interest of the lessee under the Ground Lease through legal proceedings, or to take other action so long as the lender is proceeding diligently) to cure any default under the Ground Lease, which is curable after the receipt of notice of any
default, before the Ground Lessor thereunder may terminate the Ground Lease. 
 (9) Either (i) the Ground
Lease does not impose restrictions on subletting or (ii) the Ground Lessor has consented to the existing Ground Lease with respect to the related Mortgaged Property securing the related Mortgage Loan. The Ground Lessor is not permitted to
disturb the possession, interest or quiet enjoyment of any subtenant of the lessee in the relevant portion of the Mortgaged Property subject to the Ground Lease for any reason, or in any material manner, which would adversely affect the security
provided by the related Mortgage. 
 (10) Any related insurance proceeds or condemnation award (other than in
respect of a total or substantially total loss or taking) is required to be applied either to the repair or restoration of all or part of the related Mortgaged Property, with the lender or a trustee appointed by it 

  
 22 

 having the right to hold and disburse such proceeds as repair or restoration
progresses, or to the payment of the outstanding principal balance of the Mortgage Loan, together with any accrued interest, except that in the case of condemnation awards, the Ground Lessor may be entitled to a portion of such award. 

(11) Any related insurance proceeds, or condemnation award in respect of a total or substantially total loss or taking of
the related Mortgaged Property is required to be applied first to the payment of the outstanding principal balance of the Mortgage Loan, together with any accrued interest (except as provided by applicable law or in cases where a different
allocation would not be viewed as commercially unreasonable by any institutional investor, taking into account the relative duration of the Ground Lease and the related Mortgage and the ratio of the market value of the related Mortgaged Property to
the outstanding principal balance of such Mortgage Loan). Until the principal balance and accrued interest are paid in full, neither the lessee nor the Ground Lessor under the Ground Lease has an option to terminate or modify the Ground Lease
without the prior written consent of the lender as a result of any casualty or partial condemnation, except to provide for an abatement of the rent. 
 (12) Provided that the lender cures any defaults which are susceptible to being cured, the Ground Lessor has agreed to enter into a new lease upon termination of the Ground Lease for any reason, including
rejection of the Ground Lease in a bankruptcy proceeding. 
 (tt) With respect to Mortgage Loans originated after the Series
Closing Date and with respect to any Qualified Substitute Mortgage Loans purchased or substituted by such Issuer from a third party, each Mortgage Loan and the related Mortgaged Property securing the Mortgage Loan are required to be originated
pursuant to the Indenture and the Property Management Agreement in accordance with the related underwriting guidelines (subject to any material modifications approved by the Insurer), any Originator Form Documents or in accordance with a
Borrower’s, Tenant’s or different form of document that is otherwise approved by the applicable Originator on a case by case basis in a manner that provides such Originator to receive the substantive benefits intended to be realized under
the material terms of the Originator Form Documents. 
 (uu) The Mortgage Loan is not a construction loan. 

2. Mortgaged Properties and Leases. With respect to each Mortgaged Property (as identified in Schedule II-A), the
applicable Issuer hereby represents and warrants with respect to any Mortgaged Properties pledged by it prior to the Series Closing Date or purchased or substituted by such Issuer from a third party (subject to Section 2.05 of the Property
Management Agreement), as of the date herein below specified or, if no such date is specified, as of the Series Closing Date, except as set forth on Schedule II hereto, that: 

  
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 (a) Such Originator or Issuer, as applicable, owns such Mortgaged Property or Lease free and
clear of any and all liens and other encumbrances except for the Permitted Exceptions. The following are “Permitted Exceptions” with respect to such Mortgaged Properties and Leases: (i) liens for real estate taxes and
special assessments not yet due and payable or due but not yet delinquent, (ii) covenants, conditions and restrictions, rights-of-way, easements and other matters of public record, such exceptions being of a type or nature that are acceptable
to mortgage lending institutions generally, (iii) those purchase options described under “Description of the Mortgage Loans, the Mortgaged Properties and the Leases—Terms Governing the Leases—Third Party Purchase Option” in
the related Private Placement Memorandum and (iv) other matters to which like properties are commonly subject, which matters referred to in clauses (i), (ii), (iii) and (iv) do not, individually or in the aggregate, materially
interfere with the value of such Mortgaged Property, or do not materially interfere or restrict the current use or operation of such Mortgaged Property relating to the Lease or do not materially interfere with the security intended to be provided by
any mortgage, the current use or operation of the Mortgaged Property or the current ability of the Mortgaged Property to generate net operating income sufficient to service the Lease. Financing Statements have been filed and/or recorded (or, if not
filed and/or recorded, have been submitted in proper form for filing and recording), in all public places necessary to perfect a valid first priority security interest in all items of personal property defined as part of the Mortgaged Property and
in all cases, subject to a purchase money security interest and to the extent perfection may be effected pursuant to applicable law solely by recording or filing Financing Statements. 

(b) The applicable Originator or Issuer (as applicable) has full right and authority to sell, contribute, assign, mortgage, pledge and
transfer its interest in such Lease and Mortgaged Property or, to the extent that consent of a Tenant is required, such consent has been obtained. 
 (c) The information set forth in the lease schedule (attached to the related Purchase and Sale Agreement) with respect to such Mortgaged Property and Lease was true and correct in all material respects as
of the related Transfer Date. 
 (d) Such Lease was not delinquent (giving effect to any applicable grace period) in the payment
of any Monthly Lease Payments (other than Percentage Rents that are being recalculated with respect to certain Leases set forth in the lease schedule attached to the related Purchase and Sale Agreement) as of the Series Closing Date, and has not
been during the time owned by the applicable Originator, 30 days or more delinquent in respect of any Monthly Lease Payment required thereunder. 
 (e) Lessor estoppels containing protection provisions have been obtained from the owner of the fee simple interest in each Property in which the applicable Originator or Issuer (as applicable) has only a
ground leasehold interest. 
 (f) With respect to the related Lease for the Mortgaged Property, (i) there exists no
material default, breach or event of acceleration under the Lease or any other agreement, document or instrument executed in connection with such Lease, (ii) to 

  
 24 

 the applicable Originator’s or Issuer’s (as applicable) knowledge, there exists no event (other
than payments due but not yet delinquent) that, with the passage of time or with notice and the expiration of any grace or cure period, would constitute such a material default, breach or event of acceleration under the Lease, and (iii) there
exists no material default, breach or event of acceleration under the Lease which such Originator or Issuer, as applicable, as landlord, or its servicer is not pursuing to cure, resolve or otherwise pursue remedies under the Lease with diligence.

 (g) Neither such Lease nor any other agreement, document or instrument executed in connection with such Lease has been
waived, modified, altered, satisfied, cancelled or subordinated in any material respect, and such Lease has not been terminated or cancelled, nor has any instrument been executed that would effect any such waiver, modification, alteration,
satisfaction, termination, cancellation, subordination or release, except in each case by a written instrument that is part of the related Lease File. 
 (h) The Mortgaged Property is covered by a Title Policy, issued during the 6 months after the date of transfer thereof, in an amount at least equal to the initial Appraised Value of such Mortgaged
Property. The Title Policy insures, as of the date of such policy, that the Collateral Agent has a valid security interest in such Mortgaged Property, subject only to the Permitted Exceptions (to the extent stated therein); such Title Policy is in
full force and effect and names the Collateral Agent as a mortgagee of record; as of the Series Closing Date, all premiums for the Title Policy have been paid; and as of the Series Closing Date, no material claims have been made thereunder. The
Title Policy has been issued by a company licensed to issue such policies in the state in which such Mortgaged Property is located. 
 (i) The Lease is not a Defaulted Asset or a Delinquent Asset as of the related Transfer Date. 
 (j) At commencement of the Lease, the Tenant had all material licenses, permits and material agreements, including without limitation franchise agreements and certificates of occupancy, necessary for the
operation and continuance of the Tenant’s business on the Mortgaged Property; and, to the best of the applicable Originator’s or Issuer’s (as applicable) knowledge, (1) the Tenant is not in default of its obligations under any
such applicable license, permit or agreement and (2) each such license, permit and agreement is in full force and effect. 

(k) The Tenant is not the subject of any bankruptcy or insolvency proceeding. 

(1) There are no pending actions, suits or proceedings by or before any court or governmental authority against or affecting, such Lease,
such Mortgaged Property or, to the applicable Originator’s knowledge, the Tenant, that is reasonably likely to be determined adversely and, if determined adversely, would materially and adversely effect the value of the Lease or use or value of
the Mortgaged Property, or the ability of the Tenant to pay any amounts due under the Lease. 

  
 25 

 (m) All of the material improvements built or to be built on the Mortgaged Property that
were included for the purpose of determining the Appraised Value of the Mortgaged Property lay within the boundaries of such Mortgaged Property and there are no encroachments into the building setback restriction lines of such Mortgaged Property in
any way that would materially and adversely affect the value of the Mortgaged Property or the ability of the Tenant to pay any amounts due under the Lease (unless affirmatively covered in the applicable Title Policy described in paragraph
(h) above). 
 (n) There are no delinquent or unpaid taxes or assessments, or other outstanding charges affecting the
Mortgaged Property that are or may become a lien of priority equal to or higher than the lien of the Mortgage in favor of the Indenture Trustee (or Collateral Agent on its behalf), other than such amounts that do not materially and adversely affect
the value of the Lease or use or value of the Mortgaged Property. For purposes of this representation and warranty, real property taxes and assessments shall not be considered unpaid until the date on which interest and/or penalties would be payable
thereon. 
 (o) There is no valid dispute, claim, offset, defense or counterclaim to the applicable Originator’s or
Issuer’s (as applicable) rights in the Lease. 
 (p) There is no proceeding pending for the total or partial condemnation
of the Mortgaged Property and the Mortgaged Property is free and clear of any damage that would materially and adversely affect the value or use of such Mortgaged Property. 
 (q) The Lease or other agreement, document or instrument executed in connection with such Lease is the legal, valid and binding and enforceable obligation of the Tenant (subject to certain creditors’
rights exceptions and other exceptions of general application) and is in full force and effect. 
 (r) Except for any Lease that
permits the Tenant to self-insure, the Lease requires the Tenant to maintain (or make payment to the lessor to cover such premiums) in respect of the Mortgaged Property insurance against loss by hazards (excluding flood and earthquake) and
comprehensive general liability insurance in amounts generally required by the applicable Originator or the Issuer, as applicable, and in some cases (which may be only required at such Originator’s or such Issuer’s request), business
interruption or rental value insurance for at least 6 months; all of such insurance required under the Lease for such Mortgaged Property (including, without limitation, if provided under a master insurance policy of such Issuer or an affiliate
thereof) is in full force and effect and names such Originator or Issuer (as applicable) or its respective successors and assigns as an additional insured; all premiums for any insurance policies (including, without limitation, any applicable master
insurance policy of such Issuer or an affiliate thereof) required to be paid as of the date of the related Purchase and Sale Agreement (or other applicable acquisition date) have been paid; all of such insurance policies require prior notice to the
lessor under the Lease of termination or cancellation, and as of the date of the related Purchase and Sale Agreement (or other applicable 

  
 26 

 acquisition date) no such notices have been received; in the event that the Tenant fails to maintain the
insurance required thereunder, the Lease (or other applicable document) authorizes the lessor under the Lease to maintain such insurance at the Tenant’s cost and expense and to seek reimbursement therefor from such Tenant. If such Mortgaged
Property is located in a flood zone area as identified by the Federal Emergency Management Agency as a 100 year flood zone or special hazard area, such Mortgaged Property is required under the Lease to be covered by insurance against loss by flood
in amounts generally required by such Originator or Issuer (as applicable) which insurance is in full force and effect. With respect to any Lease that permits the related Tenant to self-insure, such Lease requires one of the following in order for
such Tenant to self-insure: (i)the related Tenant to not be in default, and such Tenant or any related Guarantor must either be a company listed on the NYSE with a rating of “NAIC-2” or better by the National Association of Insurance
Commissioners; (ii) the related Tenant to not be in default and maintain a minimum tangible net worth of at least $50,000,000; (iii) the related Tenant to maintain limits of not less than $2,000,000; or (iv) the related Tenant may
self-insure up to $100,000 single limits per occurrence for each $10,000,000 of such Tenant’s net worth as reflected on such Tenant’s most recent audited balance sheet. 

(s) The Mortgaged Property was subject to one or more environmental assessments or reports (or an update of a previously conducted
assessment or report) and the applicable Originator or Issuer (as applicable) has no knowledge of any material and adverse environmental conditions or circumstance affecting such Mortgaged Property that were not disclosed in the related assessment
or report(s). There are no material and adverse environmental conditions or circumstances affecting the Mortgaged Property other than, with respect to any adverse environmental condition described in such report, those conditions for which
remediation has been completed and, thereafter, to the extent that such report or remediation program so recommended: (i) a program of annual integrity testing and/or monitoring was recommended and implemented in connection with the Mortgaged
Property or an adjacent or neighboring property; (ii) an operations and maintenance plan or periodic monitoring of such Mortgaged Property or nearby properties was recommended and implemented; or (iii) a follow-up plan was otherwise
required to be taken under CERCLA or under regulations established thereunder from time to time by the Environmental Protection Agency, and such plan has been implemented in the case of (i), (ii) and (iii) above. The applicable Originator
or Issuer (as applicable) determined in accordance with the related underwriting guidelines that adequate funding was available for such program or plan, as applicable. Neither the applicable Originator nor Issuer, as applicable, has taken any
action with respect to the Mortgaged Property that would subject such Issuer, or its successors and assigns in respect of the Mortgaged Property, to any liability under CERCLA or any other applicable federal, state or local environmental law, and
neither such Originator or Issuer (as applicable) has received any actual notice of a material violation of CERCLA or any other applicable Environmental Law with respect to the Mortgaged Property that was not disclosed in the related report. The
Lease requires the Tenant to comply with all applicable federal, state and local laws, including Environmental Laws. The Lease specifically requires compliance with any Environmental Laws. For purposes of this paragraph (s),
“Environmental Law” means any present federal, state and local laws, 

  
 27 

 
statutes, ordinances, rules, regulations, standards, policies, consent decrees, consent or settlement agreements and other governmental directives or requirements, as well as common law, that
apply to the Mortgaged Property and relate to Hazardous Substances, including, without limitation, CERCLA and RCRA. For purposes of this paragraph (s), “Hazardous Substances” means petroleum and petroleum products and
compounds containing them, including gasoline, diesel fuel and oil; explosives; flammable materials; radioactive materials; polychlorinated biphenyls (PCBs) and compounds containing them; lead and lead-based paint; asbestos or asbestos-containing
materials in any form that is or could become friable; underground or above-ground storage tanks, whether empty or containing any substance; any substance the presence of which on the Mortgaged Property is regulated by or prohibited by any federal,
state or local authority; any substance that requires special handling; and any other material, substance or waste now or in the future defined as a “hazardous substance,” “hazardous material,” “hazardous waste,”
“toxic substance,” “toxic pollutant,” “contaminant,” “pollutant” or other words of similar import within the meaning of any Environmental Law. 

(t) Such Mortgaged Property is free and clear of any mechanics’ and materialmen’s liens or liens in the nature thereof that
would materially and adversely affect the value, use or operation of such Mortgaged Property except those that are insured against by the Title Policy referred to in paragraph (h) above. 

(u) The Lease, together with applicable state law, contains customary and enforceable provisions such as to render the rights and
remedies of the lessors thereof adequate for the practical realization against the related Mortgaged Property of the principal benefits of the security intended to be provided thereby. 

(v) With respect to each Mortgaged Property: 
 (1) such Mortgaged Property is not subject to any lease other than a sublease and/or the related Lease; no person has any possessory interest in, or right to occupy, the leased property except under and
pursuant to the Lease or such sublease; the Tenant (or sub-tenant) is in occupancy of the Mortgaged Property and is paying rent pursuant to the Lease; and, in the case of any sublease, the Tenant remains primarily liable on the Lease; 

(2) except with respect to those Mortgaged Properties with respect to which the Tenant can terminate the related Lease
during the last 42 months of the lease term in the event of a casualty and any insurance proceeds related thereto are payable to the Tenant, the obligations of the Tenant, including, but not limited to, the obligation to pay fixed and additional
rent, are not affected by reason of: any damage to or destruction of any portion of the leased property; any taking of the leased property or any part thereof by condemnation or otherwise; or any prohibition, limitation, interruption, cessation,
restriction, prevention or interference of the Tenant’s use, occupancy or enjoyment of the leased property, except the Tenant’s rights to abate or terminate its obligation to pay fixed or

  
 28 

 
additional rent are coupled with insurance proceeds or condemnation awards going to the lessor; or the right to abate as a result of a landlord’s default; 

(3) neither the applicable Originator nor Issuer (as applicable), as lessor under the Lease, has any monetary obligations
under the Lease that has not been satisfied; 
 (4) the Tenant has not been released, in whole or in part, from
its obligations under the terms of the Lease; 
 (5) all obligations related to the initial construction of the
improvements on the Mortgaged Property have been satisfied and, except for the obligation to rebuild such improvements after a casualty (which obligation is limited by available insurance proceeds), the applicable Originator or Issuer (as
applicable) does not have any nonmonetary obligations under the Lease and has made no representation or warranty under the Lease, the breach of which would result in the abatement of rent, a right of setoff or termination of the Lease; 

(6) there is no right of rescission, set-off, abatement (except in the case of casualty or condemnation), diminution,
defense or counterclaim to the Lease, nor does the operation of any of the terms of the Lease, or the exercise of any rights thereunder, render the Lease unenforceable, in whole or in part, or subject to any right of rescission, set-off, abatement,
diminution, defense or counterclaim, and no such right has been asserted; 
 (7) the Tenant has agreed to
indemnify the lessor from any claims of any nature relating to the Lease and the related Mortgaged Property other than the lessor’s gross negligence or willful misconduct, including, without limitation, arising as a result of violations of
environmental and hazardous waste laws resulting from the Tenant’s operation of the property; 
 (8) any
obligation or liability imposed on the lessor by any easement or reciprocal easement agreement is also an obligation of the Tenant under the Lease; 
 (9) the Tenant is required to make rental payments as directed by the lessor and its successors and assigns; and 
 (10) except in certain cases where the Tenant may exercise a right of first refusal, the Lease is freely assignable by the lessor and its successors and assigns to any person without the consent of the
Tenant, and in the event the lessor’s interest is so assigned, the Tenant is obligated to recognize the assignee as lessor under such Lease, whether under the Lease or by operation of law. 

  
 29 

 (w) In connection with Leases with a Guaranty: 

(1) such Guaranty, on its face, is unconditional, irrevocable and absolute, and is a guaranty of payment and not merely of
collection and contains no conditions to such payment, other than a notice and right to cure; and the Guaranty provides that it is the guaranty of both the performance and payment of the financial obligations of the Tenant under the Lease and does
not provide for offset, counterclaim or defense; and 
 (2) such Guaranty is binding on the successors and
assigns of the guarantor and inures to the benefit of the lessor’s successors and assigns and cannot be released or amended without the lessor’s consent or unless a predetermined performance threshold is achieved. 

(x) No fraudulent acts were committed by the applicable Originator or Issuer (as applicable) during the origination process with respect
to the Lease related to such Mortgaged Property. 
 (y) In connection with the acquisition of each Mortgaged Property, the
applicable Originator or Issuer (as applicable) inspected or caused to be inspected the Mortgaged Property by inspection, appraisal or otherwise as required in such underwriting guidelines then in effect. 

(z) The origination, servicing and collection of Monthly Lease Payments on such Lease is in all respects legal, proper and prudent and in
accordance with customary industry standards. 
 (aa) To the extent required under applicable law, the applicable Originator or
Issuer (as applicable) was authorized to transact and do business in the jurisdiction in which such Mortgaged Property is located, except where such failure to qualify would not result in a material adverse effect on the enforceability of the
related Lease. 
 (bb) The Mortgaged Property has adequate rights of access to public rights-of-way and is served by utilities,
including, without limitation, adequate water, sewer, electricity, gas, telephone, sanitary sewer, and storm drain facilities. All public utilities necessary to the continued use and enjoyment of the Mortgaged Property as presently used and enjoyed
are located in the public right-of-way abutting the Mortgaged Property or are the subject of access easements for the benefit of the Mortgaged Property, and all such utilities are connected so as to serve the Mortgaged Property without passing over
other property or are the subject of access easements for the benefit of the Mortgaged Property. All roads necessary for the full use of the Mortgaged Property for its current purpose have been completed and dedicated to public use and accepted by
all governmental authorities or are the subject of access easements for the benefit of the Mortgaged Property. 

  
 30 

 (cc) The Lease File contains a survey with respect to such Mortgaged Property, which survey
was deemed sufficient to delete the standard title survey exception (to the extent the deletion of such exception is available in the related state). 
 (dd) With respect to any Mortgaged Property in which the applicable Originator’s or Issuer’s (as applicable) interest in such Mortgaged Property is under a Ground Lease, based upon the terms of
the related Ground Lease or an estoppel letter or other writing received from the Ground Lessor and included in the related Lease File: 
 (1) The Ground Lease or a memorandum regarding such Ground Lease has been duly recorded. The Ground Lessor has permitted the interest of the related lessee to be encumbered by the related Lease and the
Mortgage filed for the benefit of the Indenture Trustee or the Collateral Agent on its behalf. To the best of such Originator’s or Issuer’s knowledge, as applicable, there has been no material change in the terms of the Ground Lease since
its recordation, except by any written instruments which are included in the related Lease File. 
 (2) The
Ground Lease may not be amended, modified, canceled or terminated without the prior written consent of the lender and any such action without such consent is not binding on the lender, its successors or assigns. 

(3) The Ground Lease has an original term (or an original term plus one or more optional renewal terms, which, under all
circumstances, can be exercised, and is enforceable, by the lender) that extends not less than 20 years beyond the stated term of the related Lease. 
 (4) Based on the Title Policy referenced in paragraph (h) above, the Ground Lease interest is not subject to any liens or encumbrances superior to, or of equal priority with, the related Mortgage,
subject to permitted encumbrances and liens that encumber the Ground Lessor’s fee interest. 
 (5) The
Ground Lease is assignable to the lender and its assigns without the consent of the Ground Lessor thereunder. 

(6) The Ground Lease is in full force and effect and no default has occurred under the Ground Lease and there is no
existing condition which, but for the passage of time or the giving of notice, would result in a material default under the terms of the Ground Lease. 
 (7) The Ground Lessor is required to give notice of any default by the related lessee to the lender. 
 (8) The lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of the lessee under the Ground Lease through legal proceedings, or

  
 31 

 
to take other action so long as the lender is proceeding diligently) to cure any default under the Ground Lease which is curable after the receipt of notice of any default, before the Ground
Lessor may terminate the Ground Lease. 
 (9) Either (i) the Ground Lease does not impose restrictions on
subletting or (ii) the Ground Lessor has consented to the existing Lease with respect to the related Mortgaged Property. The Ground Lessor is not permitted to disturb the possession, interest or quiet enjoyment of any subtenant of the lessee in
the relevant portion of the Mortgaged Property subject to the Ground Lease for any reason, or in any material manner, which would adversely affect the security provided by the related Mortgage. 

(10) Any related insurance proceeds or condemnation award (other than in respect of a total or substantially total loss
or taking) are required to be applied either to the repair or restoration of all or part of the related Mortgaged Property, except that in the case of condemnation awards, the Ground Lessor may be entitled to a portion of such award. 

(11) The lessee does not have an option to terminate or modify the Ground Lease without the prior written consent of the
Ground Lessor as a result of any casualty or partial condemnation of the Mortgaged Property, except to provide for an abatement of the rent. 
 (12) Provided that the lender cures any defaults which are susceptible to being cured, the Ground Lessor has agreed to enter into a new lease upon termination of the Ground Lease for any reason, including
rejection of the Ground Lease in a bankruptcy proceeding. 
 (ee) With respect to any Mortgaged Property and Lease originated or
acquired after the Series Closing Date and with respect to any Qualified Substitute Mortgaged Properties purchased or substituted by such Issuer from a third party (subject to exceptions scheduled and set forth in the related Purchase and Sale
Agreement, or in an exception schedule approved by the Requisite Global Majority in connection with any substitution of a Qualified Substitute Mortgaged Property), the Mortgaged Property and Lease are required to be originated or acquired pursuant
to the Indenture and the Property Management Agreement in accordance with the related underwriting guidelines (subject to any material modifications approved by the Insurer) and in all material respects and in substantive compliance with the
Originator Form Documents or in accordance with a seller’s or Tenant’s form of document that is otherwise approved by the applicable Originator or Issuer, as applicable, and its counsel on a case-by-case basis in a manner that provides for
such Originator or Issuer, as applicable, to receive the substantive benefits intended to be realized under the terms of the Originator Form Documents. 
 (ff) No adverse selection was employed in selecting such Lease. 

  
 32 

 (gg) With respect to any Mortgaged Property which is the subject of a Master Lease (noting
that not all properties subject to such Master Lease are included as Mortgaged Properties in the Collateral Pool), the lessor under the Master Lease has assigned its interest in the Lease in the Collateral Pool to the applicable Originator and such
Originator and the other lessors under such Master Lease have entered into inter-lessor agreements by which the rents and the rights to enforce the provisions of such Master Lease pertinent to any of the Mortgaged Properties have also been assigned
to such Originator. 
 (hh) Such Mortgaged Property is (i) free of any damage that would materially and adversely affect
the use or value of such Mortgaged Property and (ii) in good repair and condition so as not to materially and adversely affect the use or value of such Mortgaged Property; and all building systems contained in such Mortgaged Property are in
good working order so as not to materially and adversely affect the use or value of such Mortgaged Property. 
 (ii) All
security deposits collected in connection with such Mortgaged Property are being held in accordance with all applicable laws. 

(jj) To the applicable Originator’s or Issuer’s actual knowledge, as applicable, based upon zoning letters, zoning reports, the
Title Policy, historical use and/or other due diligence customarily performed by such party in connection with the acquisition of the Mortgaged Property, the improvements located on or forming part of such Mortgaged Property comply in all material
respects with applicable zoning laws and ordinances (except to the extent that they may constitute legal non-conforming uses), including the existence of a certificate of occupancy. 

3. Equipment Loans. With respect to each Equipment Loan (as identified in Schedule III-A), the applicable Issuer hereby
represents and warrants with respect to any Equipment Loan pledged by it prior to the Series Closing Date or purchased or substituted by such Issuer from a third party (subject to Section 2.05 of the Property Management Agreement), as of the
date herein below specified or, if no such date is specified, as of the Series Closing Date, except as set forth on Schedule III hereto, that: 
 (a) Immediately prior to the transfer and assignment of the Equipment Loan to such Issuer, the applicable Originator had good and insurable fee title to, and was the sole owner and holder of, the
Equipment Loan, free and clear of any and all liens, encumbrances and other interests on, in or to the Equipment Loan. Such transfer and assignment from the applicable Originator to such Issuer of the Equipment Loan by collateral assignment and by
individual allonges of the related Equipment Loan notes and assignments of the related security agreements in blank validly assigns all of the applicable Originator’s right, title and ownership of the Equipment Loan to such Issuer (and, with
respect to the related security agreement, to the Collateral Agent) free and clear of any pledge, lien, encumbrance or security interest. 

  
 33 

 The applicable Originator has full right and authority to sell, contribute, assign and
transfer the Equipment Loan to such Issuer. The entire agreement with the applicable Originator (whether originated by such Originator or a different originator) is contained in the Loan Documents and there are no warranties, agreements or options
regarding such Equipment Loan or the related secured equipment not set forth therein. Other than the Loan Documents, there are no agreements between any predecessor in interest in the Equipment Loan and the Borrower. 

(c) The information pertaining to the Equipment Loan set forth in the equipment loan schedule attached to the related Purchase and Sale
Agreement was true and correct in all material respects as of the related Transfer Date. The Equipment Loan was originated or acquired in accordance with, and fully complies with, the related underwriting guidelines in all material respects. The
related Loan File contains all of the documents and instruments required to be contained therein. 
 (d) [Reserved]. 

(e) [Reserved]. 

(f) The applicable Originator has not waived any material default, breach, violation or event of acceleration existing under the related
security agreement or Equipment Loan note. 
 (g) [Reserved]. 

(h) There is no valid offset, defense or counterclaim to the payment or performance obligations of the Equipment Loan. 

(i) The secured equipment securing any Equipment Loan is free and clear of any damage that would materially and adversely affect its
value as security for the Equipment Loan. 
 (j) The Equipment Loan complied with all applicable usury laws in effect at its
date of origination. 
 (k) The proceeds of the Equipment Loan have been fully disbursed and there is no requirement for future
advances thereunder. All costs, fees and expenses incurred in making, closing and recording the Equipment Loan, including, but not limited to, security agreement recording taxes and recording and filing fees relating to the origination of such
Equipment Loan, have been paid. Any and all requirements as to completion of any on-site or off-site improvement by the Borrower and as to disbursements of any escrow funds therefor that were to have been complied with have been complied with.

 (1) The Borrower under the related Equipment Loan note, security agreement and all other Loan Documents had the power,
authority and legal capacity to enter into, execute and deliver the same, and, as applicable, such Equipment Loan note, security agreement and Loan Documents have been duly authorized, properly executed

  
 34 

 
and delivered by the parties thereto, and each is the legal, valid and binding obligation of the maker thereof (subject to any non-recourse provisions contained in any of the foregoing agreements
and any applicable state anti-deficiency legislation), enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other laws relating to or affecting the
rights of creditors generally and by general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law). 
 (m) [Reserved]. 
 (n) [Reserved]. 

(o) The Equipment Loan is not cross-collateralized with any other Equipment Loan that is not included in the Collateral Pool. 

(p) The terms of the related security agreement, Equipment Loan note and other Loan Documents have not been impaired, waived, altered,
modified, satisfied, canceled or subordinated in any material respect, except by written instruments that are part of the Loan File, recorded or filed in the applicable public office if necessary to maintain the priority of the lien of the related
security agreement, delivered to such Issuer or its designee. 
 (q) There are no delinquent taxes or other similar outstanding
lienable charges affecting the secured equipment which are or may become a lien of priority equal to or higher than the lien of the related security agreement. For purposes of this representation and warranty, personal property taxes and assessments
shall not be considered unpaid until the date on which interest and/or penalties would be payable thereon. 
 (r) [Reserved].

 (s) Each Equipment Loan is a whole loan and not a participation interest. 

(t) [Reserved]. 

(u) All escrow deposits relating to the Equipment Loan that are required to be deposited with the applicable Originator or its agent have
been so deposited. 
 (v) [Reserved]. 
 (w) [Reserved] 
 (x) (i) There exists no material default, breach or event of
acceleration under the Equipment Loan or any of the Loan Documents or any related Lease, (ii) there exists no event (other than payments due but not yet delinquent) that, with the passage of time or with notice and the expiration of any grace
or cure period, would constitute such 

  
 35 

 
a material default, breach or event of acceleration and (iii) no payment on any Equipment Loan is, or has previously been during any time owned by the applicable Originator or Issuer, 30 or
more days delinquent; provided, however, that this representation and warranty does not cover any default, breach or event of acceleration that specifically pertains to any matter otherwise covered or addressed by any other representation and
warranty made by the applicable Originator with respect to the Equipment Loans. 
 (y) [Reserved]. 

(z) The Equipment Loan contains no equity participation by or shared appreciation rights in the lender or beneficiary under the related
security agreement, and does not provide for any contingent or additional interest in the form of participation in the cash flow of the secured equipment securing the Equipment Loan, or for negative amortization. 

(aa) No holder of the Equipment Loan has advanced funds or induced, solicited or knowingly received any advance of funds from a party
other than the owner of the secured equipment securing the Equipment Loan, directly or indirectly, for the payment of any amount required by the Equipment Loan. 
 (bb) To the applicable Originator’s knowledge, based on due diligence customarily performed in the origination or acquisition of comparable equipment loans by such Originator, as of the date of
origination or acquisition of the Equipment Loan, the related Borrower was in compliance with all applicable laws relating to the ownership and operation of the Equipment securing the Equipment Loan as then operated and was in possession of all
material licenses, permits and authorizations required by applicable laws for the ownership and operation of such Equipment as operated. 
 (cc) The origination, servicing and collection practices the applicable Originator used with respect to the Equipment Loan since such Originator’s origination or acquisition thereof, have complied
with applicable law in all material respects and are consistent and in accordance with the terms of the related Loan Documents and in accordance with the applicable servicing standard and customary industry standards. 

(dd) The related security agreement or Equipment Loan note, together with applicable state law, contains customary and enforceable
provisions (subject to the exceptions set forth in paragraph (1) above) such as to render the rights and remedies of the holders thereof adequate for the practical realization against the secured equipment securing the Equipment Loan of the
principal benefits of the security intended to be provided thereby, including the right of foreclosure under the laws of the state in which the secured equipment securing the Equipment Loan is located. 

(ee) [Reserved]. 
 (ff) There are no actions, suits, legal, arbitration or administrative proceedings or investigations by or before any court or governmental authority or, to the best of the applicable Originator’s
knowledge, pending against or affecting the Borrower the secured equipment securing the Equipment Loan that, if determined adversely to such 

  
 36 

 
Borrower or secured equipment securing the Equipment Loan, would materially and adversely affect the value of the secured equipment securing the Equipment Loan or the ability of the Borrower to
pay principal, interest or any other amounts due under the Equipment Loan or the related Lease, as applicable. 
 (gg)
[Reserved]. 
 (hh) [Reserved]. 
 (ii) The related security agreement does not permit the secured equipment securing the Equipment Loan to be encumbered by any lien junior to or of equal priority with the lien of such security agreement
(excluding any lien relating to another Equipment Loan that is cross collateralized with the Equipment Loan) without the prior written consent of the holder thereof. 
 (jj) The Borrower is not a debtor in any state or federal bankruptcy or insolvency proceeding. 
 (kk) As of the date of origination or acquisition of the Equipment Loan by the applicable Originator, the Borrower, if not a natural person was duly organized and validly existing under the laws of the
state of its jurisdiction. 
 (11) [Reserved]. 
 (mm) [Reserved]. 
 (nn) [Reserved]. 

(oo) Any secured equipment is located within one of the 50 United States or the District of Columbia. 

(pp) [Reserved]. 
 (qq) The applicable Originator does not have knowledge of any circumstance or condition with respect to the Equipment Loan, the secured equipment securing the Equipment Loan or the Borrower’s credit
standing that could reasonably be expected to cause such Issuer to regard such Equipment Loan as unacceptable security, cause such Equipment Loan to become delinquent or have a material adverse effect on the value or marketability of such Equipment
Loan. 
 (rr) [Reserved]. 
 (ss) [Reserved]. 
 (tt) With respect to any Equipment Loan originated after the
Series Closing Date and with respect to any Qualified Substitute Mortgage Loan purchased or substituted by such Issuer from a third party, the Equipment Loan and the related secured equipment securing the Equipment Loan are required to be originated
pursuant to the 

  
 37 

 
Indenture and the Property Management Agreement in accordance with the related underwriting guidelines (subject to any material modifications approved by the Insurer), the Originator Form
Documents or in accordance with a Borrower’s or a different form of document that is otherwise approved by such Issuer on a case by case basis in a manner that provides for such Issuer to receive the substantive benefits intended to be realized
under the material terms of the Originator Form Documents. 

  
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 SCHEDULE I-A 
 MORTGAGE LOANS 
 1. Spirit Master Funding 

 

													
	Property	  	 	  	 	  	 	  	 	  	 	  	Zip
	ID	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Code

	 P0000051
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1321 Desiree Lane	  	Hurst	  	TX	  	74145-4818
							
	 P0000052
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2307 S Cooper St	  	Arlington	  	TX	  	76015-1602
							
	 P0000053
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	5600 Camp Bowie Blvd	  	Fort Worth	  	TX	  	76107-5119
							
	 P0000054
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1528 Brown Trl	  	Bedford	  	TX	  	76021-5343
							
	 P0000055
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	7436 E Admiral Pl	  	Tulsa	  	OK	  	74115-7913
							
	 P0000056
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	8601 Highway 80 W	  	Fort Worth	  	TX	  	76116-6101
							
	 P0000057
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	205 Spur 350	  	Euless	  	TX	  	76040-4583
							
	 P0000058
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	4117 Buffalo Gap Rd	  	Abilene	  	TX	  	79605-7233
							
	 P0000059
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	5748 SW Green Oaks Blvd	  	Arlington	  	TX	  	76017-1201
							
	 P0000060
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1550 W University Dr	  	Denton	  	TX	  	76201-1790
							
	 P0000061
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	6350 Lake Worth Blvd	  	Lake Worth	  	TX	  	76135-3102
							
	 P0000062
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	8611 S Lewis Ave	  	Tulsa	  	OK	  	74137-3206
							
	 P0000063
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	5724 Broadway Blvd	  	Garland	  	TX	  	75043-5818
							
	 P0000064
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1113 W Northwest Hwy	  	Grapevine	  	TX	  	76051-5034
							
	 P0000065
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	301 W Shawnee St	  	Muskogee	  	OK	  	74401-4152
							
	 P0000066
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2001 NW 23rd St	  	Oklahoma City	  	OK	  	73106-1203
							
	 P0000067
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	7057 Ridgmar Meadow Rd	  	Fort Worth	  	TX	  	76116-1516
							
	 P0000068
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1210 W Will Rogers Blvd	  	Claremore	  	OK	  	74017-3426
							
	 P0000069
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1301 S Meridian Ave	  	Oklahoma City	  	OK	  	73108-1707
							
	 P0000070
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	6112 S Garnett Rd	  	Broken Arrow	  	OK	  	74012-1217
							
	 P0000071
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2630 S Buckner Blvd	  	Dallas	  	TX	  	75227-6901
							
	 P0000072
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	722 S Main St	  	Sapulpa	  	OK	  	74066-5104
							
	 P0000073
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	5010 US Highway 277 S	  	Abilene	  	TX	  	79605-4543
							
	 P0000074
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	 3023 SW
 29th
St
	  	Oklahoma City	  	OK	  	73119-1713

  
 I-A-1

													
	Property	  	 	  	 	  	 	  	 	  	 	  	Zip
	ID	  	Obligor	  	Concept	  	Address	  	City	  	ST	  	Code
	 P0000075
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	6834 Wesley St	  	Greenville	  	TX	  	75402-7303
							
	 P0000076
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	2951 N Belt
Line Rd	  	Irving	  	TX	  	75062-5248
							
	 P0000077
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	5380 N Beach
St	  	Haltom City	  	TX	  	76137-2730
							
	 P0000078
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	5341 William D
Tate Ave	  	Grapevine	  	TX	  	76051-7357
							
	 P0000079
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	2404 Westport
Pkwy	  	Fort Worth	  	TX	  	76177-5302
							
	 P0000080
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	3204 SE Loop
820	  	Forest Hill	  	TX	  	76140-1107
							
	 P0000081
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	3700 Eldorado
Pkwy	  	McKinney	  	TX	  	75070-4228
							
	 P0000082
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	5032 S Sheridan
Rd	  	Tulsa	  	OK	  	74145-5714
							
	 P0000083
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	1725 W Owen
K Garriott Rd	  	Enid	  	OK	  	73703-5604
							
	 P0000084
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	2814 E 11th St	  	Tulsa	  	OK	  	74104-4113
							
	 P0000085
	  	Taco Bueno
Restaurants, Inc.	  	Taco Bueno	  	2305 E
Southlake Blvd	  	Southlake	  	TX	  	76092-6603
							
	 P0000086
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	1603 S Main St	  	Atmore	  	AL	  	36502-3501
							
	 P0000087
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	5605 E Rite Rd	  	Theodore	  	AL	  	36582-1665
							
	 P0000088
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	8300 NW 103rd
St	  	Hialeah	  	FL	  	33016-2253
							
	 P0000089
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	615 N Dixie
Fwy	  	New Smyrna
Beach	  	FL	  	32168-6409
							
	 P0000090
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	7522 Southgate
Blvd	  	Margate	  	FL	  	33068-1362
							
	 P0000091
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	5121 Powerline
Rd	  	Fort Lauderdale	  	FL	  	33309-3156
							
	 P0000092
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	3012 W
Hillsborough
Ave	  	Tampa	  	FL	  	33614-5963
							
	 P0000093
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	10824 S US
Highway 41	  	Gibsonton	  	FL	  	33534-4708
							
	 P0000094
	  	Advance Auto
Parts, Inc.	  	Advance Auto
Parts	  	2636 S
Smithville Rd	  	Dayton	  	OH	  	45420-2642
							
	 P0000095
	  	Advance Auto
Parts, Inc.	  	Advance Auto
Parts	  	3210 Library Rd	  	Castle Shannon	  	PA	  	15234-2631
							
	 P0000096
	  	Advance Auto
Parts, Inc.	  	Advance Auto
Parts	  	3317 Agency St	  	Burlington	  	IA	  	52601-1959
							
	 P0000097
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	311 E Oakland
Ave	  	Camilla	  	GA	  	31730-1969
							
	 P0000098
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	2815
Montgomery St	  	Savannah	  	GA	  	31405-3200
							
	 P0000099
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	1501
Manchester
Expy	  	Columbus	  	GA	  	31904-6659
							
	 P0000100
	  	Advance Auto
Parts, Inc.	  	Discount Auto
Parts	  	203 W 6th St	  	Waynesboro	  	GA	  	30830-1461

  
 I-A-2

													
	Property	  	 	  	 	  	 	  	 	  	 	  	Zip
	ID	  	 Obligor
	  	Concept	  	Address	  	City	  	ST	  	Code
	 P0000101
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	402 Columbia
St	  	Blakeley	  	GA	  	31723-1703
							
	 P0000102
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	2196 US
Highway 17	  	Richmond Hill	  	GA	  	31324-3671
							
	 P0000103
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	3602 Peach
Orchard Rd	  	Augusta	  	GA	  	30906-9436
							
	 P0000104
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	760 E King
Avenue	  	Kingsland	  	GA	  	31548-6317
							
	 P0000105
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	310 W Taylor
 St
	  	Griffin	  	GA	  	30223-3029
							
	 P0000106
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	5621 Riverdale
Dr	  	College Park	  	GA	  	30349-6443
							
	 P0000107
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	1496 US
Highway 19	  	Leesburg	  	GA	  	31763-4834
							
	 P0000108
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	950 E Boston
 St
	  	Covington	  	LA	  	70433-3282
							
	 P0000109
	  	Advance Auto Parts, Inc.	  	Advance
Auto Parts	  	2602
Washington
Ave	  	Alton	  	IL	  	62002-5466
							
	 P0000110
	  	Advance Auto Parts, Inc.	  	Advance Auto
Parts	  	3510 Gravois
Ave	  	Saint Louis	  	MO	  	63118-3504
							
	 P0000111
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	5060 Hardy St	  	Hattiesburg	  	MS	  	39402-1307
							
	 P0000112
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	300 US
Highway 80 W	  	Clinton	  	MS	  	39056
							
	 P0000113
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	1259 Ellis Ave	  	Jackson	  	MS	  	39209-7328
							
	 P0000114
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	179 Sgt Prentiss
Dr	  	Natchez	  	MS	  	39120-4733
							
	 P0000115
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	198 Northside
Dr	  	Newton	  	MS	  	39345-9747
							
	 P0000116
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	614 Central Ave
W	  	Wiggins	  	MS	  	39577-2531
							
	 P0000117
	  	Advance Auto Parts, Inc.	  	Discount Auto
Parts	  	550 E Baruch
 St
	  	Denmark	  	SC	  	29042-1307

 2. Spirit Master Funding II 

 

													
	Property	  	 	  	 	  	 	  	 	  	 	  	Zip
	ID	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Code

	 P0000872
	  	CBH2O	  	Camelback Ski Resort	  	#1 Camelback Road	  	Tannersville	  	PA	  	18372
							
	 P0001125
	  	ADF Companies	  	Pizza Hut	  	10401 S. US Highway 1	  	Port Saint Lucie	  	FL	  	34952-5645
							
	 P0001126
	  	ADF Companies	  	Pizza Hut	  	6170 Congress Ave	  	Lantana	  	FL	  	33462-2300
							
	 P0001127
	  	ADF Companies	  	Pizza Hut	  	670 S US Highway 1	  	Vero Beach	  	FL	  	32962-4507
							
	 P0001128
	  	ADF Companies	  	Pizza Hut	  	405 N. Main St	  	La Fayette	  	GA	  	30728-2423
							
	 P0001129
	  	ADF Companies	  	Pizza Hut	  	4607 N. Australian Ave	  	West Palm Beach	  	FL	  	33407-2303
							
	 P0001130
	  	ADF Companies	  	Pizza Hut	  	949 S. Main St	  	Belle Glade	  	FL	  	33430-3430

  
 I-A-3

													
	Property	  	 	  	 	  	 	  	 	  	 	  	Zip
	ID	  	 Obligor
	  	Concept	  	Address	  	City	  	ST	  	Code
	 P0001131
	  	ADF Companies	  	Pizza Hut	  	2800 Congress
Ave	  	Lake Worth	  	FL	  	33461-2136
							
	 P0001132
	  	ADF Companies	  	Pizza Hut	  	1112 N.Charles
G. Seivers Blvd	  	Clinton	  	TN	  	37716-3937
							
	 P0001133
	  	ADF Companies	  	Pizza Hut	  	212 Cedar Lane	  	Knoxville	  	TN	  	37912-3507
							
	 P0001134
	  	ADF Companies	  	Pizza Hut	  	2795 Highway
441 S	  	Okeechobee	  	FL	  	34974-5839
							
	 P0001135
	  	ADF Companies	  	Pizza Hut	  	7504 Clinton
Hwy	  	Powell	  	TN	  	37849-4105
							
	 P0001136
	  	ADF Companies	  	Pizza Hut	  	776 Mountain
Creek Road	  	Chattanooga	  	TN	  	37405-1631
							
	 P0001137
	  	ADF Companies	  	Pizza Hut	  	6591 Forest Hill
Blvd	  	West Palm
Beach	  	FL	  	33413-3301
							
	 P0001138
	  	ADF Companies	  	Pizza Hut	  	407 New
Highway 68	  	Sweetwater	  	TN	  	37874-1907
							
	 P0001139
	  	ADF Companies	  	Pizza Hut	  	629 N. Main
Street	  	Crossville	  	TN	  	38555-6012
							
	 P0001140
	  	ADF Companies	  	Pizza Hut	  	375 Hannum St	  	Alcoa	  	TN	  	37701-2452
							
	 P0001141
	  	ADF Companies	  	Pizza Hut	  	2418 Airport
Hwy	  	Alcoa	  	TN	  	37701-3188
							
	 P0001142
	  	ADF Companies	  	Pizza Hut	  	7410 Rhea
County Hwy	  	Dayton	  	TN	  	37321-5910
							
	 P0001143
	  	ADF Companies	  	Pizza Hut	  	10043 Dayton
Pike	  	Soddy Daisy	  	TN	  	37379-5004
							
	 P0001144
	  	ADF Companies	  	Pizza Hut	  	354 Kimball
Crossing	  	Kimball	  	TN	  	37347-5627
							
	 P0001145
	  	ADF Companies	  	Pizza Hut	  	1215 Congress
Parkway NW	  	Athens	  	TN	  	37303-1704
							
	 P0001146
	  	ADF Companies	  	Pizza Hut	  	1624 S. Roane
St	  	Harriman	  	TN	  	37748-7536
							
	 P0001147
	  	ADF Companies	  	Pizza Hut	  	290 S. Main St	  	Trenton	  	GA	  	30752
							
	 P0001148
	  	ADF Companies	  	Pizza Hut	  	430 Highway
411 S	  	Chatsworth	  	GA	  	30705-5859
							
	 P0001149
	  	ADF Companies	  	Pizza Hut	  	5454 Alabama
Hwy	  	Ringgold	  	GA	  	30736-2438
							
	 P0001150
	  	ADF Companies	  	Pizza Hut	  	3428 N.
Broadway St	  	Knoxville	  	TN	  	37917-2737
							
	 P0001151
	  	ADF Companies	  	Pizza Hut	  	7343 Chapman
Hwy	  	Knoxville	  	TN	  	37920-6682
							
	 P0001152
	  	ADF Companies	  	Pizza Hut	  	3115 45th Street	  	West Palm
Beach	  	FL	  	33407-1915

  
 I-A-4

 3. Spirit Master Funding III 

 

													
	Property	  	 	  	 	  	 	  	 	  	 	  	 
	ID	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	 P0001615
	  	Cornett Hospitality, LLC	  	Hooters	  	5615 Maccorkle Avenue SE	  	Charleston	  	WV	  	25304
	 P0001616
	  	Cornett Hospitality, LLC	  	Hooters	  	3498 William Perm Highway	  	Monroeville	  	PA	  	15235
	 P0001617
	  	Cornett Hospitality, LLC	  	Hooters	  	703 Loucks Road	  	York	  	PA	  	17404
	 P0001618
	  	Cornett Hospitality, LLC	  	Hooters	  	2401 West Hundred Road	  	Chester	  	VA	  	23831
	 P0001619
	  	Cornett Hospitality, LLC	  	Max & Erma’s	  	2160 John Rolfe Parkway	  	Richmond	  	VA	  	23233
	 P0001620
	  	Cornett Hospitality, LLC	  	Topeka’s Steakhouse ‘N Saloon	  	4731 Brad McNeer Parkway	  	Midlothian	  	VA	  	23112
	 P0001753
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	3334 Wilmington Road	  	New Castle	  	PA	  	16105
	 P0001754
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	3870 Elm Road, NE	  	Warren	  	OH	  	44483
	 P0001759
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	Route 358 Hadley Road	  	Greenville	  	PA	  	16125
	 N/A
	  	James E. Cornett, III and J. Philip Cornett	  	N/A	  	N/A	  	N/A	  	N/A	  	N/A

  
 I-A-5

 SCHEDULE I 
 MORTGAGE LOAN—EXCEPTIONS 
 1. Spirit Master Funding II, LLC 

 None. 
 2. Spirit Master
Funding II, LLC 
 (i) For the following properties, there is damage that would materially affect the value of the Lease
or Mortgaged Property: 
  

													
	Property	  	Asset/
Property	  	 	  	 	  	 	  	 	  	Clarification/Other
	 ID
	  	Name	  	Address	  	City	  	ST	  	Zip Code	  	Issues
	 P0001314
	  	ADF	  	3115 45th
Street	  	West
Palm
Beach	  	FL	  	33407-1915	  	Hurricane
damage;
however,
Borrower
obligated
to pay
and still
paying
loan
payments
							
	 P0001320
	  	ADF	  	670 S US
Highway
1	  	Vero
Beach	  	FL	  	32962-4507	  	Hurricane
damage;
however,
Borrower
obligated
to pay
and still
paying
loan
payments
							
	 P0001322
	  	ADF	  	4607 N.
Australian
Ave	  	West
Palm
Beach	  	FL	  	33407-2303	  	Hurricane
damage;
however,
Borrower
obligated
to pay
and still
paying
loan
payments

 3. Spirit Master Funding III, LLC 
 (ss)(3) For the following properties, the Ground Lease does not have an original term (or an original term plus one or more optional renewal terms, which, under all circumstances, can be exercised, and is
enforceable, by the lender) that extends not less than 20 years beyond the stated maturity of the related Mortgage Loan: 
  

																									
	 Property
ID
	  	Asset/Property
Name	 	  	Address	 	  	City	 	  	ST	 	  	Zip Code	 	  	Clarification/Other
Issues	 
	 M001314
	  	 
 
 	Cornett
Hospitality,
LLC	  
  
  	  	 
 
 
 	5615
MacCorkle
Avenue,
SE	  
  
  
  	  	 	Charleston	  	  	 	WV	  	  	 	25304	  	  	 
 
 
 
 
 
 
 
 
 
 
 
 
 	Ground
lease
expires
in 2019;
however,
if
borrower
does not
extend
beyond
maturity
date,
must pay
off loan	  
  
  
  
  
  
  
  
  
  
  

  
  
  
							
	 M001314
	  	 
 	Cornett
Hospitality,	  
  	  	 
 
 
 	3498
William
Penn
Highway	  
  
  
  	  	 	Monroeville	  	  	 	PA	  	  	 	15235	  	  	 
 
 
 
 
 	Ground
lease
expires
in 2020;
however,
if	  
  
  
  
  
  

  
 I-1

													
	Property
ID	  	Asset/
Property
Name	  	Address	  	City	  	ST	  	Zip
Code	  	Clarification/Other
Issues
		  	LLC	  		  		  		  		  	borrower
does not
extend
beyond
maturity
date,
must pay
off loan
							
	 M001314
	  	Cornett
Hospitality,
LLC	  	703
Loucks
Road	  	York	  	PA	  	17404	  	Ground
lease
expires
in 2022;
however,
if
borrower
does not
extend
beyond
maturity
date,
must pay
off loan

  
 I-2

 SCHEDULE II-A 
 PROPERTIES 
 1. Spirit Master Funding 

 

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
Code
	 P0000047
	  	Flying J. Inc.	  	Flying J Travel Plaza	  	950 State Road 206 West	  	Saint Augustine	  	FL	  	3307 N
	 P0000048
	  	Flying J. Inc.	  	Flying J Travel Plaza	  	10226 Old Federal Highway	  	Carnesville	  	GA	  	30521
	 P0000049
	  	Flying J. Inc.	  	Flying J Travel Plaza	  	5300 S SR 3	  	Spiceland	  	IN	  	47385
	 P0000050
	  	Flying J. Inc.	  	Flying J Travel Plaza	  	15236 State Route 180	  	Catlettsburg	  	KY	  	41129-9211
	 P0000122
	  	America’s Power Sports	  	KC’s Powersports	  	12401 S. Memorial Parkway	  	Huntsville	  	AL	  	35803
	 P0000159
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	3075 Gulf Breeze Parkway	  	Gulf Breeze	  	FL	  	32561
	 P0000160
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	431 Mary Esther Blvd	  	Mary Esther	  	FL	  	32569
	 P0000161
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1117 Hwy 231 Bypass	  	Troy	  	AL	  	36081
	 P0000162
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1701 South Texas Avenue	  	Bryan	  	TX	  	77801
	 P0000163
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	625 18th Avenue North	  	Columbus	  	MS	  	39701
	 P0000164
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	2167 E. Silver Springs Blvd	  	Ocala	  	FL	  	34470
	 P0000165
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	3814 University Boulevard West	  	Jacksonville	  	FL	  	32217
	 P0000166
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	2611 US 27 North	  	Sebring	  	FL	  	33872
	 P0000167
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	100 Live Oaks Boulevard	  	Casselberry	  	FL	  	32707
	 P0000172
	  	Hastings Entertainment, Inc.	  	Hastings	  	726 10th Avenue South	  	Great Falls	  	MT	  	59401
	 P0000177
	  	AMC Entertainment, Inc.	  	AMC Theatre	  	2515 E. Camelback Road	  	Phoenix	  	AZ	  	85016
	 P0000178
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	5795 State Bridge Road	  	Alpharetta	  	GA	  	30022
	 P0000179
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	3431 Ernest W. Barrett Pkwy	  	Marietta	  	GA	  	30064
	 P0000180
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	3985 Holly Springs Pkwy	  	Canton	  	GA	  	30115
	 P0000181
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	4020 Roswell Road	  	Atlanta	  	GA	  	30342

  
 II-A-1

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	Zip
Code
	 P0000182
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	2955 Holcomb Bridge Road	  	Alpharetta	  	GA	  	30022
	 P0000183
	  	Pike Holding Plane Nursery LLC	  	Pike Plane Nursery	  	2900 Johnson Ferry Road	  	Marietta	  	GA	  	30062
	 P0000188
	  	Grand Canyon University	  	Grand Canyon University	  	3300 West Camelback Rd.	  	Phoenix	  	AZ	  	85017
	 P0000300
	  	NPC International, Inc.	  	Pizza Hut	  	925 N Green River Rd	  	Evansville	  	IN	  	47715-2418
	 P0000301
	  	NPC International, Inc.	  	Pizza Hut	  	4127 Frederica St	  	Owensboro	  	KY	  	42301-7455
	 P0000302
	  	NPC International, Inc.	  	Pizza Hut	  	606 N 1st St	  	Madill	  	OK	  	73446-1410
	 P0000303
	  	NPC International, Inc.	  	Pizza Hut	  	1000 W Maple Ave	  	Geneva	  	AL	  	36340-1638
	 P0000304
	  	NPC International, Inc.	  	Pizza Hut	  	715 Columbia Rd	  	Blakely	  	GA	  	31723-1423
	 P0000305
	  	NPC International, Inc.	  	Pizza Hut	  	1119 Paris Rd	  	Mayfield	  	KY	  	42066-4988
	 P0000306
	  	Skyline Chili, Inc.	  	Skyline Chili	  	2805 Centre Dr	  	Fairborn	  	OH	  	45324-2670
	 P0000309
	  	Carrols Corporation	  	Burger King	  	349 Tryon Rd	  	Raleigh	  	NC	  	27603-3529
	 P0000310
	  	Carrols Corporation	  	Burger King	  	 979 US Highway
 70
E
	  	New Bern	  	NC	  	28560-6535
	 P0000311
	  	Carrols Corporation	  	Burger King	  	1294 Canton Rd	  	Akron	  	OH	  	44312-3951
	 P0000312
	  	Carrols Corporation	  	Burger King	  	14834 State Route 49	  	Edon	  	OH	  	43518-9714
	 P0000313
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	201 Bridewell Dr	  	Burr Ridge	  	IL	  	60521-0834
	 P0000314
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	2240 N Canton Center Rd	  	Canton	  	MI	  	48187-2906
	 P0000315
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	936 Sheraton Dr	  	Mars	  	PA	  	16046-9414
	 P0000316
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	8901 Kingsridge Dr	  	Dayton	  	OH	  	45458-1621
	 P0000317
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	6420 Grand Ave	  	Gurnee	  	IL	  	60031-1620
	 P0000318
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	130 Andrews Dr	  	Pittsburgh	  	PA	  	15275-1200
	 P0000319
	  	Interfoods of America, Inc.	  	Popeye’s	  	1727 Finley Blvd	  	Birmingham	  	AL	  	35204-1736
	 P0000323
	  	Casa Ole’ Restaurants	  	Casa Mexico	  	1459 S Vinnell Way	  	Boise	  	ID	  	83709-1659
	 P0000324
	  	Banyan, Inc.	  	Grandy’s	  	1400 Juan Tabo Blvd NE	  	Albuquerque	  	NM	  	87112-4406
	 P0000326
	  	Interfoods of America, Inc.	  	Popeye’s	  	11413 Reulet Ave	  	Baton Rouge	  	LA	  	70816-8525
	 P0000327
	  	Burger King Corporation	  	Burger King	  	488 E Main St	  	Apopka	  	FL	  	32703-5374

  
 II-A-2

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	ST	  	Zip
Code
	 P0000328
	  	Burger King Corporation	  	Burger King	  	2400 13th St	  	Saint Cloud	  	FL	  	34769-4136
	 P0000329
	  	Burger King Corporation	  	Burger King	  	11834 E Colonial Dr	  	Orlando	  	FL	  	32826-4701
	 P0000330
	  	R & L Foods, LLC	  	Wendy’s	  	2983 Cottingham Expy	  	Pineville	  	LA	  	71360-4389
	 P0000331
	  	Southeast Food Services Company, LLC	  	Wendy’s	  	1219 Oak Ridge Tpke	  	Oak Ridge	  	TN	  	37830-6404
	 P0000332
	  	Southeast Food Services Company, LLC	  	Wendy’s	  	2544 Decatur Pike	  	Athens	  	TN	  	37303-4929
	 P0000335
	  	ARG Enterprises	  	Black Angus	  	7606 W Bell Rd	  	Glendale	  	AZ	  	85308-8619
	 P0000336
	  	Thomas & Thomas Investments	  	Whataburger	  	Loop 323 N of Highway 31	  	Tyler	  	TX	  	
	 P0000338
	  	Tacala, L.L.C.	  	Taco Bell	  	2303 Dayton Blvd	  	Red Bank	  	TN	  	37415-6224
	 P0000349
	  	Skyline Chili, Inc.	  	Skyline Chili	  	9135 Owenfield Dr	  	Lewis Center	  	OH	  	43035-9149
	 P0000350
	  	Interfoods of America, Inc.	  	Popeye’s	  	361 Palisades Blvd	  	Birmingham	  	AL	  	35209-5149
	 P0000351
	  	Interfoods of America, Inc.	  	Popeye’s	  	2265 Oneal Ln	  	Baton Rouge	  	LA	  	70816-3319
	 P0000354
	  	Fuddruckers, Inc.	  	Fuddruckers	  	10050 State St	  	Sandy	  	UT	  	84070
	 P0000355
	  	Fuddruckers, Inc.	  	Fuddruckers	  	1915 Scenic Hwy N	  	Snellville	  	GA	  	30078
	 P0000356
	  	Fuddruckers, Inc.	  	Fuddruckers	  	5271 E Main St	  	Columbus	  	OH	  	43213
	 P0000357
	  	Fuddruckers, Inc.	  	Fuddruckers	  	6607 N IH 35	  	Austin	  	TX	  	78752
	 P0000358
	  	Fuddruckers, Inc.	  	Fuddruckers	  	3586 W Dublin Granville Rd	  	Columbus	  	OH	  	43235
	 P0000359
	  	Fuddruckers, Inc.	  	Fuddruckers	  	14035 E Evans Ave	  	Aurora	  	CO	  	80014
	 P0000360
	  	Fuddruckers, Inc.	  	Fuddruckers	  	3929 Southwest Fwy	  	Houston	  	TX	  	77027
	 P0000361
	  	Fuddruckers, Inc.	  	Fuddruckers	  	11825 Technology Dr	  	Eden Prairie	  	MN	  	55344
	 P0000362
	  	Fuddruckers, Inc.	  	Fuddruckers	  	6455 E Southern Ave	  	Mesa	  	AZ	  	85206
	 P0000363
	  	Fuddruckers, Inc.	  	Fuddruckers	  	14500 Weaver Lake Rd	  	Maple Grove	  	MN	  	55311
	 P0000364
	  	Fuddruckers, Inc.	  	Fuddruckers	  	121 E Campus View Blvd	  	Columbus	  	OH	  	43235
	 P0000365
	  	Fuddruckers, Inc.	  	Fuddruckers	  	7250 Highway 6 N	  	Houston	  	TX	  	77095
	 P0000366
	  	Fuddruckers, Inc.	  	Fuddruckers	  	3560 Fishinger Blvd	  	Hilliard	  	OH	  	43026
	 P0000367
	  	Fuddruckers, Inc.	  	Fuddruckers	  	13010 North west Fwy	  	Houston	  	TX	  	77040
	 P0000368
	  	Fuddruckers, Inc.	  	Fuddruckers	  	101 Regal Way	  	Newport News	  	VA	  	23602
	 P0000369
	  	Fuddruckers, Inc.	  	Fuddruckers	  	7800 W Bell Rd	  	Glendale	  	AZ	  	85308
	 P0000370
	  	Fuddruckers, Inc.	  	Fuddruckers	  	9996 Escort Dr	  	Mason	  	OH	  	45040

  
 II-A-3

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	ST	  	Zip
Code
	 P0000371
	  	Fuddruckers, Inc.	  	Fuddruckers	  	8955 Springbrook Dr NW	  	Coon Rapids	  	MN	  	55433
	 P0000372
	  	Fuddruckers, Inc.	  	Fuddruckers	  	1105 Merchants Way	  	Chesapeake	  	VA	  	23320
	 P0000373
	  	Fuddruckers, Inc.	  	Fuddruckers	  	11992 Chase Plz	  	Cincinnati	  	OH	  	45240
	 P0000374
	  	Fuddruckers, Inc.	  	Fuddruckers	  	10500 Town and Country Way	  	Houston	  	TX	  	77024
	 P0000375
	  	Fuddruckers, Inc.	  	Fuddruckers	  	4360 Kingwood Dr	  	Kingwood	  	TX	  	77339
	 P0000378
	  	Interfoods of America, Inc.	  	Popeye’s	  	8194 Plank Road	  	Baton Rouge	  	LA	  	70811
	 P0000379
	  	Southeast Food Services Company, LLC	  	Wendy’s	  	8749 Campo Road	  	La Mesa	  	CA	  	91941
	 P0000380
	  	Interfoods of America, Inc.	  	Popeye’s	  	3411 N Pace Blvd	  	Pensacola	  	FL	  	32505-5127
	 P0000381
	  	NPC International, Inc.	  	Pizza Hut	  	1551 W Main St	  	Salem	  	IL	  	62881-3805
	 P0000382
	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	4900 NE 80th Street	  	Kansas City	  	MO	  	64119
	 P0000383
	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	1451 NE Douglas Street	  	Lees Summit	  	MO	  	64086
	 P0000384
	  	Hastings Entertainment, Inc.	  	Hastings	  	1705 North Main Street	  	Roswell	  	NM	  	88201
	 P0000385
	  	Allwell	  	Golden Corral	  	616 So. Ridge Road Circle	  	Wichita	  	KS	  	67209
	 P0000386
	  	Allwell	  	Golden Corral	  	2830 W. 18th Avenue	  	Emporia	  	KS	  	66801
	 P0000387
	  	Ferrellgas, L.P	  	Blue Rhino	  	300 County Road 448	  	Tavares	  	FL	  	32778
	 P0000390
	  	Famous Dave’s of America	  	Famous Dave’s	  	14200 60th St N	  	Stillwater	  	MN	  	55082-6309
	 P0000391
	  	Famous Dave’s of America	  	Famous Dave’s	  	7825 Vinewood Ln	  	Maple Grove	  	MN	  	55369-7013
	 P0000392
	  	Famous Dave’s of America	  	Famous Dave’s	  	7593 147th St W	  	Apple Valley	  	MN	  	55124-6998
	 P0000393
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	90 N Genesee St	  	Utica	  	NY	  	13502-2527
	 P0000394
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	600 Mountain View Dr	  	Colchester	  	VT	  	05446-1901
	 P0000395
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	697 Troy Schenectady Rd	  	Colonie	  	NY	  	12110-2501
	 P0000396
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	632 Bloomfield Ave	  	West Caldwell	  	NJ	  	07006-7518
	 P0000397
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	11 Main St	  	West Harwich	  	MA	  	02671-1041

  
 II-A-4

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	ST	  	Zip
Code
	 P0000398
	  	Friendly’s Ice Cream Corporation	  	Friendly’s Ice Cream	  	936 Walnut Bottom Rd	  	Carlisle	  	PA	  	17013-9177
	 P0000399
	  	Interfoods of America, Inc.	  	Popeye’s	  	5534 NW 7th Ave	  	Miami	  	FL	  	33127-1402
	 P0000400
	  	Interfoods of America, Inc.	  	Popeye’s	  	233 W Hillsboro Blvd	  	Deerfield Beach	  	FL	  	33441-3311
	 P0000401
	  	Interfoods of America, Inc.	  	Popeye’s	  	3291 W Broward Blvd	  	Fort Lauderdale	  	FL	  	33312-1112
	 P0000402
	  	Interfoods of America, Inc.	  	Popeye’s	  	14620 Plank Rd	  	Baker	  	LA	  	70714-5445
	 P0000403
	  	Interfoods of America, Inc.	  	Popeye’s	  	1940 Main St	  	Baker	  	LA	  	70714-2843
	 P0000404
	  	Interfoods of America, Inc.	  	Popeye’s	  	5946 Airline Hwy	  	Baton Rouge	  	LA	  	70805-3201
	 P0000405
	  	Interfoods of America, Inc.	  	Popeye’s	  	290 Lobdell Hwy	  	Port Allen	  	LA	  	70767-4198
	 P0000406
	  	Interfoods of America, Inc.	  	Popeye’s	  	107 S 25th St	  	Fort Pierce	  	FL	  	34947-3602
	 P0000408
	  	Interfoods of America, Inc.	  	Popeye’s	  	9854 Halls Ferry Rd	  	Saint Louis	  	MO	  	63136-4017
	 P0000409
	  	Interfoods of America, Inc.	  	Popeye’s	  	8654 Natural Bridge Rd	  	Saint Louis	  	MO	  	63121-4110
	 P0000410
	  	Interfoods of America, Inc.	  	Popeye’s	  	2877 Target Dr	  	Saint Louis	  	MO	  	63136-4639
	 P0000411
	  	Interfoods of America, Inc.	  	Popeye’s	  	9376 Greenwell Springs Rd	  	Baton Rouge	  	LA	  	70814-2909
	 P0000412
	  	Interfoods of America, Inc.	  	Popeye’s	  	2200 S Range Ave	  	Denham Springs	  	LA	  	70726-5214
	 P0000415
	  	1st University Credit Union	  	Other	  	605 S University Parks Dr	  	Waco	  	TX	  	76706-1053
	 P0000416
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	325 S Mcgee Ave	  	Apopka	  	FL	  	32703-4479
	 P0000417
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1070 S Volusia Ave	  	Orange City	  	FL	  	32763-7039
	 P0000418
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	6706 highway 63	  	Moss Point	  	MS	  	39563-9539
	 P0000419
	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	12475 Highway 49	  	Gulfport	  	MS	  	39503-2785
	 P0000420
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	3979 W Tennessee St	  	Tallahassee	  	FL	  	32304-1015
	 P0000421
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	401 Vincennes Ave	  	New Albany	  	IN	  	47150-3053
	 P0000424
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	7843 US Highway 42	  	Florence	  	KY	  	41042-1803
	 P0000425
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	1709 N Galvez St	  	New Orleans	  	LA	  	70119-1602
	 P0000426
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	2371 Saint Claude Ave	  	New Orleans	  	LA	  	70117-8352
	 P0000428
	  	Checker’s Drive-In Restaurants	  	Rally’s	  	602 N. Baldwin Avenue	  	Marion	  	IN	  	46952-3462
	 P0000429
	  	Goldco, Inc.	  	Burger King	  	1400 W Jefferson St	  	Quincy	  	FL	  	32351-2130

  
 II-A-5

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	ST	  	Zip
Code
	 P0000431
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	1275 E Dublin Granville Rd	  	Columbus	  	OH	  	43229-3359
	 P0000432
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	1391 Arrowhead Dr	  	Maumee	  	OH	  	43537-1729
	 P0000433
	  	Max & Erma’s Restaurants, Inc.	  	Max & Erma’s	  	4279 Cemetery Rd	  	Hilliard	  	OH	  	43026-1203
	 P0000434
	  	QK, Inc.	  	Denny’s	  	17053 E Shea Blvd	  	Fountain Hills	  	AZ	  	85268-6635
	 P0000436
	  	RTM Restaurant Group	  	Arby’s	  	1375 N Main St	  	Madisonville	  	KY	  	42431-1283
	 P0000437
	  	RTM Restaurant Group	  	Arby’s	  	163 Altama Connector Blvd	  	Brunswick	  	GA	  	31525-1881
	 P0000438
	  	RTM Restaurant Group	  	Arby’s	  	450 E State Rd	  	American Fork	  	UT	  	84003-2559
	 P0000439
	  	RTM Restaurant Group	  	Arby’s	  	251 S Main St	  	Tooele	  	UT	  	84074-2743
	 P0000440
	  	RTM Restaurant Group	  	Arby’s	  	2501 Mayport Rd	  	Jacksonville	  	FL	  	32233-2801
	 P0000442
	  	RTM Restaurant Group	  	Arby’s	  	1116 Highway 81 W	  	McDonough	  	GA	  	30253-6423
	 P0000443
	  	RTM Restaurant Group	  	Arby’s	  	403 Tri County Plz	  	Gumming	  	GA	  	30040-2777
	 P0000446
	  	RTM Restaurant Group	  	Arby’s	  	181 Highway 90	  	Daphne	  	AL	  	36526-9588
	 P0000449
	  	RTM Restaurant Group	  	Arby’s	  	7750 Airport Blvd	  	Mobile	  	AL	  	36608-5025
	 P0000450
	  	RTM Restaurant Group	  	Arby’s	  	7002 Georgetown Rd	  	Indianapolis	  	IN	  	46268-4445
	 P0000451
	  	RTM Restaurant Group	  	Arby’s	  	11190 Beach Blvd	  	Jacksonville	  	FL	  	32246-4804
	 P0000453
	  	RTM Restaurant Group	  	Arby’s	  	9361 Atlantic Blvd	  	Jacksonville	  	FL	  	32225-8218
	 P0000454
	  	RTM Restaurant Group	  	Arby’s	  	622 Fair Rd	  	Statesboro	  	GA	  	30458-4927
	 P0000455
	  	RTM Restaurant Group	  	Arby’s	  	514 N Highway 52	  	Moncks Corner	  	SC	  	29461-3131
	 P0000456
	  	Interfoods of America, Inc.	  	Popeye’s	  	5275 Government St	  	Baton Rouge	  	LA	  	70806-6027
	 P0000457
	  	Interfoods of America, Inc.	  	Popeye’s	  	2137 Staring Ln	  	Baton Rouge	  	LA	  	70810-1038
	 P0000459
	  	Interfoods of America, Inc.	  	Popeye’s	  	2490 NW 79th St	  	Miami	  	FL	  	33147-4930
	 P0000461
	  	Gander Mountain Company	  	Gander Mountain	  	6801 120th Avenue	  	Kenosha	  	WI	  	53140
	 P0000462
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	2435 Edgewood Road SW	  	Cedar Rapids	  	IA	  	52404
	 P0000463
	  	Humperdink’s Texas, LLC	  	Humperdink	  	3820 Belt Line Road	  	Addison	  	TX	  	75001
	 P0000464
	  	Humperdink’s Texas, LLC	  	Humperdink	  	6050 Greenville Ave.	  	Dallas	  	TX	  	75206
	 P0000465
	  	Humperdink’s Texas, LLC	  	Humperdink	  	2208 W. NW Hwy.	  	Dallas	  	TX	  	75220

  
 II-A-6

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000466
	  	Humperdink’s Texas, LLC	  	Humperdink	  	700 Six Flags Drive	  	Arlington	  	TX	  	76011
	 P0000467
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1601 Garth Brooks Blvd	  	Yukon	  	OK	  	73099
	 P0000468
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2416 S. Georgia Street	  	Amarillo	  	TX	  	79109
	 P0000469
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	3124 Regency Lane	  	Denison	  	TX	  	75020
	 P0000470
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2520 82nd Street	  	Lubbock	  	TX	  	79423
	 P0000471
	  	Gander Mountain Company	  	Gander Mountain	  	8635 Clinton Street	  	New Hartford	  	NY	  	13413
	 P0000473
	  	Dave & Buster’s, Inc.	  	Dave & Buster’s	  	2215 D & B Drive	  	Marietta	  	GA	  	30067
	 P0000476
	  	Hill Country Furniture Partners, Ltd.	  	Ashley Furniture	  	7903 Pat Booker Road	  	Live Oak	  	TX	  	78223
	 P0000477
	  	RBLS, Inc. (a Texas corporation)	  	Ashley Furniture	  	1411 Airway Boulevard	  	El Paso	  	TX	  	79925
	 P0000478
	  	Gander Mountain Company	  	Gander Mountain	  	5038-A Miller Road	  	Flint	  	MI	  	48507
	 P0000479
	  	Ferrellgas, L.P	  	Blue Rhino	  	1750 Agua Mansa Road	  	Riverside	  	CA	  	92509
	 P0000481
	  	Gander Mountain Company	  	Gander Mountain	  	2121 43rd St., SW	  	Fargo	  	ND	  	58103
	 P0000482
	  	Sonic Corp.	  	Sonic	  	202 N Main Ave	  	Erwin	  	TN	  	37650
	 P0000483
	  	Sonic Corp.	  	Sonic	  	3307 No. Broadway St.	  	Knoxville	  	TN	  	37918
	 P0000484
	  	Sonic Corp.	  	Sonic	  	113 1st St.	  	Radford	  	VA	  	24141
	 P0000533
	  	Sonic Corp.	  	Sonic	  	355 No. Franklin St.	  	Christiansburg	  	VA	  	24073
	 P0000534
	  	Sonic Corp.	  	Sonic	  	647 E. Main St.	  	Pulaski	  	VA	  	24301
	 P0000535
	  	Sonic Corp.	  	Sonic	  	790 E. Main St.	  	Wytheville	  	VA	  	24382
	 P0000536
	  	Sonic Corp.	  	Sonic	  	2010 E. Broadway Ave.	  	Maryville	  	TN	  	37804
	 P0000537
	  	Sonic Corp.	  	Sonic	  	411 Foothills Mall Drive	  	Maryville	  	TN	  	37801
	 P0000538
	  	Sonic Corp.	  	Sonic	  	608 Oak Ridge Turnpike	  	Oak Ridge	  	TN	  	37830
	 P0000539
	  	Sonic Corp.	  	Sonic	  	1124 E. Stone Dr.	  	Kingsport	  	TN	  	37660
	 P0000540
	  	Sonic Corp.	  	Sonic	  	104 Cedar Lane	  	Knoxville	  	TN	  	37912
	 P0000541
	  	Sonic Corp.	  	Sonic	  	6949 Maynardsville Pike	  	Knoxville	  	TN	  	39912
	 P0000542
	  	Sonic Corp.	  	Sonic	  	1015 Volunteer Parkway	  	Bristol	  	TN	  	37625
	 P0000543
	  	Sonic Corp.	  	Sonic	  	1108 No. Charles G. Seivers Blvd.	  	Clinton	  	TN	  	37716
	 P0000545
	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	10301 So. Memorial Drive	  	Bixby	  	OK	  	74133

  
 II-A-7

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000551
	  	Gander Mountain Company	  	Gander Mountain	  	5864 Carmenica Drive	  	Cicero	  	NY	  	13039
	 P0000552
	  	Rite Aid Corporation	  	Rite Aid	  	3601 Midvale Avenue	  	Philadelphia	  	PA	  	19129
	 P0000553
	  	Rite Aid Corporation	  	Rite Aid	  	120 Jefferson Avenue	  	Moundsville	  	WV	  	26041
	 P0000554
	  	Rite Aid Corporation	  	Rite Aid	  	104 Genesee Street	  	Oneida	  	NY	  	13421
	 P0000556
	  	Rite Aid Corporation	  	Rite Aid	  	735 North Water Street	  	Uhrichsville	  	OH	  	44683
	 P0000559
	  	Rite Aid Corporation	  	Rite Aid	  	1410 Delaware Avenue	  	Buffalo	  	NY	  	14209
	 P0000560
	  	Rite Aid Corporation	  	Rite Aid	  	804 East Winthrop Avenue	  	Millen	  	GA	  	30442
	 P0000561
	  	Rite Aid Corporation	  	Rite Aid	  	301 South Broad Street	  	Thomasville	  	GA	  	31792
	 P0000566
	  	Sonic Corp.	  	Sonic	  	1003 W Elk Avenue	  	Elizabethton	  	TN	  	37643
	 P0000596
	  	Flying Star Cafe	  	Flying Star Café	  	8001 Menaul Blvd NE	  	Albuquerque	  	NM	  	87110
	 P0000597
	  	Flying Star Cafe	  	Flying Star Café	  	4501 Juan Tabo Blvd NE	  	Albuquerque	  	NM	  	87111
	 P0000634
	  	Hughes Supply, Inc.	  	Hughes Supply	  	8700 Hwy 27 S	  	Sebring	  	FL	  	33876
	 P0000844
	  	Hughes Supply, Inc.	  	Hughes Supply	  	914 Chris Drive	  	West Columbia	  	SC	  	29169
	 P0000845
	  	Hughes Supply, Inc.	  	Hughes Supply	  	990 Pedigo Way	  	Bowling Green	  	KY	  	42103
	 P0000637
	  	Hughes Supply, Inc.	  	Hughes Supply	  	8326 Lemon Rd	  	Port Richey	  	FL	  	34668
	 P0000848
	  	Hughes Supply, Inc.	  	Hughes Supply	  	850 E Pine Log Rd	  	Aiken	  	SC	  	29803
	 P0000849
	  	Hughes Supply, Inc.	  	Hughes Supply	  	856 Henri DeTonti Blvd	  	Tontitown	  	AR	  	72770
	 P0000640
	  	Hughes Supply, Inc.	  	Hughes Supply	  	6854 Distribution Ave S	  	Jacksonville	  	FL	  	32256
	 P0000850
	  	Hughes Supply, Inc.	  	Hughes Supply	  	7281 East 30th Street	  	Indianapolis	  	IN	  	46219
	 P0000642
	  	Hughes Supply, Inc.	  	Hughes Supply	  	8091 Supply Drive	  	Fort Myers	  	FL	  	33912
	 P0000851
	  	Hughes Supply, Inc.	  	Hughes Supply	  	5905 Old Rutledge Pike	  	Knoxville	  	TN	  	37924
	 P0000644
	  	Hughes Supply, Inc.	  	Hughes Supply	  	6231 Idlewild Street	  	Fort Myers	  	FL	  	33912
	 P0000852
	  	Hughes Supply, Inc.	  	Hughes Supply	  	6501 Amsterdam Way	  	Wilmington	  	NC	  	28405
	 P0000646
	  	Hughes Supply, Inc.	  	Hughes Supply	  	4355 Drane Field Rd	  	Lakeland	  	FL	  	33811
	 P0000647
	  	Hughes Supply, Inc.	  	Hughes Supply	  	5311 Doolittle Rd	  	Jacksonville	  	FL	  	32254

  
 II-A-8

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000648
	  	Hughes Supply, Inc.	  	Hughes Supply	  	5409-100 Broadway Ave	  	Jacksonville	  	FL	  	32254
	 P0000649
	  	Hughes Supply, Inc.	  	Hughes Supply	  	341 Gees Mill Bus Pkwy	  	Conyers	  	GA	  	30013
	 P0000650
	  	Hughes Supply, Inc.	  	Hughes Supply	  	3509 N Loop 336 W	  	Conroe	  	TX	  	77304
	 P0000854
	  	Hughes Supply, Inc.	  	Hughes Supply	  	4339 White Lick Dr	  	Whitestown	  	IN	  	46075
	 P0000855
	  	Hughes Supply, Inc.	  	Hughes Supply	  	238 Hurricane Shoals Rd	  	Lawrenceville	  	GA	  	30045
	 P0000856
	  	Hughes Supply, Inc.	  	Hughes Supply	  	2820 Mary Linda Ave NE	  	Roanoke	  	VA	  	24012
	 P0000857
	  	Hughes Supply, Inc.	  	Hughes Supply	  	315 9th Street SE	  	Hickory	  	NC	  	28602
	 P0000655
	  	Hughes Supply, Inc.	  	Hughes Supply	  	2007 NW 15th Ave	  	Pompano Beach	  	FL	  	33069
	 P0000858
	  	Hughes Supply, Inc.	  	Hughes Supply	  	2208 S 14th Street	  	Mattoon	  	IL	  	61938
	 P0000859
	  	Hughes Supply, Inc.	  	Hughes Supply	  	229 N St. Augustine Rd	  	Valdosta	  	GA	  	31601
	 P0000658
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1751 L Avenue	  	Riviera Beach	  	FL	  	33401
	 P0000860
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1840 Shelton Ave	  	Stateville	  	NC	  	28677
	 P0000861
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1930 31st Street	  	Gulfport	  	MS	  	39501
	 P0000862
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1234 S Pleasantburg Dr	  	Greenville	  	SC	  	29605
	 P0000863
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1430 N Chase St	  	Athens	  	GA	  	30601
	 P0000864
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1705 River Street	  	Valdosta	  	GA	  	31601
	 P0000865
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1118 Interstate Blvd	  	Florence	  	SC	  	29501
	 P0000866
	  	Hughes Supply, Inc.	  	Hughes Supply	  	117 Industrial Circle	  	Martinsburg	  	WV	  	25401
	 P0000867
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1215 N Bradley Rd	  	Spokane	  	WA	  	99212
	 P0000868
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1065 Sunset Blvd	  	West Columbia	  	SC	  	29169
	 P0000869
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1069 Canton Rd	  	Marietta	  	GA	  	30066
	 P0000870
	  	Hughes Supply, Inc.	  	Hughes Supply	  	1070 S Highland Ave	  	Jackson	  	TN	  	38301
	 P0000871
	  	Hughes Supply, Inc.	  	Hughes Supply	  	100 Tandem Dr	  	Greer	  	SC	  	29650
	 P0000846
	  	Hughes Supply, Inc.	  	Hughes Supply	  	103 Industrial Drive	  	Hattiesburg	  	MS	  	39401
	 P0000847
	  	Hughes Supply, Inc.	  	Hughes Supply	  	10645 Auto Mall Pkwy	  	D’lberville	  	MS	  	39540
	 P0000673
	  	RTM Restaurant Group	  	Arby’s	  	5660 Beach Boulevard	  	Jacksonville	  	FL	  	32207

  
 II-A-9

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000675
	  	RTM Restaurant Group	  	Arby’s	  	2600 S Orange Ave	  	Orlando	  	FL	  	32806
	 P0000676
	  	RTM Restaurant Group	  	Arby’s	  	1305 Tuskawilla Rd	  	Winter Springs	  	FL	  	32708
	 P0000677
	  	RTM Restaurant Group	  	Arby’s	  	2649 Richmond Road	  	Lexington	  	KY	  	40509
	 P0000678
	  	RTM Restaurant Group	  	Arby’s	  	4170 Shelbyville Rd	  	Louisville	  	KY	  	40207
	 P0000679
	  	RTM Restaurant Group	  	Arby’s	  	16005 US Highway 441	  	Eustis	  	FL	  	32726
	 P0000680
	  	Casa Ole’ Restaurants	  	Casa Ole	  	5705 4th St	  	Lubbock	  	TX	  	79416
	 P0000681
	  	Casa Ole’ Restaurants	  	Casa Ole	  	1520 Southmore Ave	  	Pasadena	  	TX	  	77502
	 P0000682
	  	Casa Ole’ Restaurants	  	Casa Ole	  	2726 Spencer Hwy	  	Pasadena	  	TX	  	77504
	 P0000683
	  	Casa Ole’ Restaurants	  	Casa Ole	  	2730 East Highway 190	  	Copperas Cove	  	TX	  	76522
	 P0000685
	  	Casa Ole’ Restaurants	  	Garibaldi’s	  	525 Caldwell Blvd	  	Nampa	  	ID	  	83651
	 P0000687
	  	Casa Ole’ Restaurants	  	Monterey’s Tex Mex	  	410 S. Gordon St	  	Alvin	  	TX	  	77511
	 P0000688
	  	Casa Ole’ Restaurants	  	Monterey’s Tex Mex	  	12520 Greenspoint Dr	  	Houston	  	TX	  	77060
	 P0000689
	  	Casa Ole’ Restaurants	  	Monterey’s Tex Mex	  	3201 Freedom Blvd	  	Bryan	  	TX	  	77802
	 P0000691
	  	Casa Ole’ Restaurants	  	Monterey’s Tex Mex	  	5694 W Skelly Dr	  	Tulsa	  	OK	  	74107
	 P0000692
	  	RTM Restaurant Group	  	Arby’s	  	1228 South Broadway Street	  	Lexington	  	KY	  	40504-2738
	 P0000693
	  	Rite Aid Corporation	  	Rite Aid	  	5601 Chestnut Street	  	Philadelphia	  	PA	  	19139
	 P0000694
	  	Sportsman’s Warehouse	  	Sportsman’s Warehouse	  	1551 Lawrence Drive	  	DePere	  	WI	  	54115
	 P0000696
	  	Apollo College	  	Apollo Colleges	  	630 W. Southern Ave	  	Mesa	  	AZ	  	85210
	 P0000697
	  	Apollo College	  	Apollo Colleges	  	3550 N. Oracle Road	  	Tucson	  	AZ	  	85704
	 P0000698
	  	Apollo College	  	Apollo Colleges	  	2701 W. Bethany Home Road	  	Phoenix	  	AZ	  	85017
	 P0000699
	  	Apollo College	  	Apollo Colleges	  	8503 N. 27th Avenue	  	Phoenix	  	AZ	  	85051
	 P0000705
	  	Pilgrim’s Pride Corporation	  	Pilgrim’s Pride Freezer Warehouse Facility	  	3330 Woodrow Wilson Drive	  	Jackson	  	MS	  	39209
	 P0000706
	  	Stonebrook Properties LLC	  	Golden Corral	  	1300 South Morgan	  	Granbury	  	TX	  	76048
	 P0000707
	  	Corral of Michigan LLC	  	Golden Corral	  	37101 Warren Road	  	Westland	  	MI	  	48185
	 P0000708
	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	2210 West University Drive	  	Edinburg	  	TX	  	78539

  
 II-A-10

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000709
	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	402 South Bibb Ave	  	Eagle Pass	  	TX	  	78852
	 P0000710
	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	4526 East Hwy 83	  	Rio Grande City	  	TX	  	78582
	 P0000711
	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	3101 East Expressway 83	  	Weslaco	  	TX	  	78596
	 P0000730
	  	HOM Furniture, Inc	  	HOM Furniture Showrooms	  	4726 Mall Drive	  	Hermantown	  	MN	  	55811
	 P0000731
	  	HOM Furniture, Inc.	  	HOM Furniture Showrooms	  	2921 Mall Drive	  	Eau Claire	  	WI	  	54701
	 P0000732
	  	 Hastings

Entertainment,
 Inc.
	  	Hastings	  	200 Hwy 332 West	  	Lake Jackson	  	TX	  	77566
	 P0000737
	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	9450 Dyer Street	  	El Paso	  	TX	  	79924
	 P0000738
	  	Rite Aid Corporation	  	Rite Aid	  	21500-21508 Harper Avenue	  	St. Clair Shores	  	MI	  	48081
	 P0000747
	  	Anvia, Inc.	  	Ashley Home Center	  	4597 Southwest Drive	  	Abilene	  	TX	  	79605
	 P0000748
	  	Sky Ventures, LLC	  	Pizza Hut	  	545 Hwy 9 E	  	Forest City	  	IA	  	50436
	 P0000749
	  	Sky Ventures, LLC	  	Pizza Hut	  	419 2nd Ave SE	  	Cresco	  	IA	  	52136
	 P0000750
	  	Sky Ventures, LLC	  	Pizza Hut	  	260 Carson Ave	  	Elk River	  	MN	  	55330
	 P0000751
	  	Sky Ventures, LLC	  	Pizza Hut	  	1325 Town Centre Dr	  	Eagan	  	MN	  	55123
	 P0000752
	  	Sky Ventures, LLC	  	Pizza Hut	  	964 Hwy 15 S	  	Hutchinson	  	MN	  	55350
	 P0000753
	  	Sky Ventures, LLC	  	Pizza Hut	  	5501 Grand Ave	  	Duluth	  	MN	  	55808
	 P0000754
	  	Sky Ventures, LLC	  	Pizza Hut	  	3600 N Douglas	  	Crystal	  	MN	  	55422
	 P0000755
	  	Sky Ventures, LLC	  	Pizza Hut	  	32 Sheridan St	  	Ely	  	MN	  	55731
	 P0000756
	  	Sky Ventures, LLC	  	Pizza Hut	  	701 Highway 33 S	  	Cloquet	  	MN	  	55720
	 P0000757
	  	Sky Ventures, LLC	  	Pizza Hut	  	1101 Hwy 25 N	  	Buffalo	  	MN	  	55313
	 P0000758
	  	Sky Ventures, LLC	  	Pizza Hut	  	1918 London Rd	  	Duluth	  	MN	  	55812
	 P0000759
	  	Sky Ventures, LLC	  	Pizza Hut	  	1725 E Main St	  	Albert Lea	  	MN	  	56007
	 P0000760
	  	Sky Ventures, LLC	  	Pizza Hut	  	623 Hammond Ave	  	Superior	  	WI	  	54880
	 P0000761
	  	Sky Ventures, LLC	  	Pizza Hut	  	3854 N Central Ave	  	Columbia Heights	  	MN	  	55421
	 P0000762
	  	Sky Ventures, LLC	  	Pizza Hut	  	100 N Phillips	  	Algona	  	IA	  	50511
	 P0000763
	  	Sky Ventures, LLC	  	Pizza Hut	  	1653 Weir Dr	  	Woodbury	  	MN	  	55125
	 P0000764
	  	Sky Ventures, LLC	  	Pizza Hut	  	W Hwy l8	  	Mason City	  	IA	  	50401

  
 II-A-11

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000765
	  	Sky Ventures, LLC	  	Pizza Hut	  	1211 7th Ave	  	Two Harbors	  	MN	  	55616
	 P0000766
	  	Sky Ventures, LLC	  	Pizza Hut	  	257 Marschall Rd	  	Shakopee	  	MN	  	55379
	 P0000767
	  	Sky Ventures, LLC	  	Pizza Hut	  	Hwy l8	  	Clear Lake	  	IA	  	50428
	 P0000768
	  	Sky Ventures, LLC	  	Pizza Hut	  	1157 S Main	  	Sauk Centre	  	MN	  	56378
	 P0000769
	  	Sky Ventures, LLC	  	Pizza Hut	  	15065 Canada Rd	  	Rosemount	  	MN	  	55068
	 P0000770
	  	Sky Ventures, LLC	  	Pizza Hut	  	1504 13th Street S	  	Virginia	  	MN	  	55792
	 P0000771
	  	Sky Ventures, LLC	  	Pizza Hut	  	7500 Bass Lake Rd	  	New Hope	  	MN	  	55428
	 P0000772
	  	Sky Ventures, LLC	  	Pizza Hut	  	1300 W Broadway	  	Minneapolis	  	MN	  	55411
	 P0000773
	  	Sky Ventures, LLC	  	Pizza Hut	  	319 N Benton	  	Sauk Rapids	  	MN	  	56379
	 P0000774
	  	Sky Ventures, LLC	  	Pizza Hut	  	1685 White Bear Ave	  	Maplewood	  	MN	  	55109
	 P0000775
	  	Sky Ventures, LLC	  	Pizza Hut	  	17305 Kenrick Ave	  	Lakeville	  	MN	  	55044
	 P0000776
	  	Sky Ventures, LLC	  	Pizza Hut	  	2001 W Hwy 52	  	Rochester	  	MN	  	55901
	 P0000777
	  	Sky Ventures, LLC	  	Pizza Hut	  	1101 37th St East	  	Hibbing	  	MN	  	55746
	 P0000778
	  	Sky Ventures, LLC	  	Pizza Hut	  	806 S Pokegama	  	Grand Rapids	  	MN	  	55744
	 P0000779
	  	Sky Ventures, LLC	  	Pizza Hut	  	1404 E College Dr	  	Marshall	  	MN	  	56258
	 P0000780
	  	Falcon Holdings	  	Church’s	  	276 Park Ave W	  	Mansfield	  	OH	  	44902
	 P0000781
	  	Falcon Holdings	  	Church’s	  	700 S Arlington	  	Akron	  	OH	  	44306
	 P0000782
	  	Falcon Holdings	  	Church’s	  	1520 E Main	  	Columbus	  	OH	  	43205
	 P0000783
	  	Falcon Holdings	  	Church’s	  	920 N Grand Ave	  	St. Louis	  	MO	  	63106
	 P0000784
	  	Falcon Holdings	  	Church’s	  	4375 Refugee Rd	  	Columbus	  	OH	  	43232
	 P0000785
	  	Falcon Holdings	  	Church’s	  	1391 Wooster Ave	  	Akron	  	OH	  	44320
	 P0000786
	  	Falcon Holdings	  	Church’s	  	3525 N Grand Blvd	  	St. Louis	  	MO	  	63107
	 P0000787
	  	Falcon Holdings	  	Church’s	  	410 9th St NE	  	Canton	  	OH	  	44704
	 P0000788
	  	Falcon Holdings	  	Church’s	  	805 N Kings Hwy	  	St. Louis	  	MO	  	63108
	 P0000789
	  	Falcon Holdings	  	Church’s	  	7260 Manchester Rd	  	Maplewood	  	MO	  	63143
	 P0000790
	  	Falcon Holdings	  	Church’s	  	1211 S. Main	  	Akron	  	OH	  	44301
	 P0000791
	  	Falcon Holdings	  	Church’s	  	1753 Woodson Rd	  	Overland	  	MO	  	63114
	 P0000792
	  	Falcon Holdings	  	Church’s	  	4414 N Saginaw	  	Flint	  	MI	  	48505
	 P0000793
	  	Falcon Holdings	  	Church’s	  	4401 Marshall Rd	  	St. Louis	  	MO	  	63134

  
 II-A-12

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000794
	  	Falcon Holdings	  	Church’s	  	10646 New Halls Ferry	  	Ferguson	  	MO	  	63135
	 P0000795
	  	Falcon Holdings	  	Church’s	  	16100 Livernois	  	Detroit	  	MI	  	48221
	 P0000796
	  	Falcon Holdings	  	Church’s	  	7215 Natural Bridge Rd	  	Normandy	  	MO	  	63121
	 P0000797
	  	Falcon Holdings	  	Church’s	  	9137 W Grand River	  	Detroit	  	MI	  	48204
	 P0000798
	  	Falcon Holdings	  	Church’s	  	13611 West 8 Mile Rd	  	Detroit	  	MI	  	48235
	 P0000799
	  	Falcon Holdings	  	Church’s	  	24990 Dequindre	  	Warren	  	MI	  	48091
	 P0000800
	  	Falcon Holdings	  	Church’s	  	15525 Chicago Ave	  	Detroit	  	MI	  	48228
	 P0000801
	  	Falcon Holdings	  	Church’s	  	11501 Woodward Ave	  	Detroit	  	MI	  	48202
	 P0000802
	  	Falcon Holdings	  	Church’s	  	2928 E 7 Mile Rd	  	Detroit	  	Ml	  	48234
	 P0000803
	  	Falcon Holdings	  	Church’s	  	13531 Fenkell Ave	  	Detroit	  	MI	  	48227
	 P0000804
	  	Falcon Holdings	  	Church’s	  	4850 West 16th St	  	Indianapolis	  	IN	  	46224
	 P0000805
	  	Falcon Holdings	  	Church’s	  	14260 Gratiot Ave	  	Detroit	  	Ml	  	48205
	 P0000806
	  	Falcon Holdings	  	Church’s	  	5443 East 21st St	  	Indianapolis	  	IN	  	46218
	 P0000807
	  	Falcon Holdings	  	Church’s	  	3860 N College Ave	  	Indianapolis	  	IN	  	46205
	 P0000808
	  	Falcon Holdings	  	Church’s	  	11965 E Warren Ave	  	Detroit	  	MI	  	48214
	 P0000809
	  	Falcon Holdings	  	Church’s	  	3970 Lafayette Rd	  	Indianapolis	  	IN	  	46254
	 P0000810
	  	Falcon Holdings	  	Church’s	  	5520 Caseyville Ave	  	Washington Park	  	IL	  	62204
	 P0000811
	  	Falcon Holdings	  	Church’s	  	5040 E 38th St	  	Indianapolis	  	IN	  	46218
	 P0000812
	  	Falcon Holdings	  	Church’s	  	4590 W 5th Ave	  	Gary	  	IN	  	46406
	 P0000813
	  	Falcon Holdings	  	Church’s	  	333 E 159th St	  	Harvey	  	IL	  	60426
	 P0000814
	  	Falcon Holdings	  	Church’s	  	3863 N Post Rd	  	Indianapolis	  	IN	  	46226
	 P0000815
	  	Falcon Holdings	  	Church’s	  	500 S Western Avenue	  	Peoria	  	IL	  	61605
	 P0000816
	  	Falcon Holdings	  	Church’s	  	5400-08 W. Cennak Rd	  	Cicero	  	IL	  	60650
	 P0000817
	  	Falcon Holdings	  	Church’s	  	3701 Grant St	  	Gary	  	IN	  	46408
	 P0000818
	  	Falcon Holdings	  	Church’s	  	1409 South Broadway	  	Gary	  	IN	  	46407
	 P0000819
	  	Falcon Holdings	  	Church’s	  	4812 W North Ave	  	Chicago	  	IL	  	60639
	 P0000820
	  	Falcon Holdings	  	Church’s	  	345 Collins St	  	Joliet	  	IL	  	60432
	 P0000821
	  	Falcon Holdings	  	Church’s	  	7102 S Stony Island Ave	  	Chicago	  	IL	  	60649
	 P0000822
	  	Falcon Holdings	  	Church’s	  	200 E 103rd St	  	Chicago	  	IL	  	60628
	 P0000823
	  	Falcon Holdings	  	Church’s	  	2601 State St	  	East St. Louis	  	IL	  	62201
	 P0000824
	  	Falcon Holdings	  	Church’s	  	431 N Austin Blvd	  	Chicago	  	IL	  	60644
	 P0000825
	  	Falcon Holdings	  	Church’s	  	101 E 35th St	  	Chicago	  	IL	  	60616

  
 II-A-13

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip

Code

	 P0000826
	  	Falcon Holdings	  	Church’s	  	6600 S Halsted St	  	Chicago	  	IL	  	60621
	 P0000827
	  	Falcon Holdings	  	Church’s	  	1808 W 47th St	  	Chicago	  	IL	  	60609
	 P0000828
	  	Falcon Holdings	  	Church’s	  	1855 S Blue Island Ave	  	Chicago	  	IL	  	60608
	 P0000829
	  	Falcon Holdings	  	Church’s	  	2806 W Cermak Ave	  	Chicago	  	 IL
	  	60623

 2. Spirit Master Funding II 

 

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip

Code

	 P0000335
	  	ARG Enterprises	  	Black Angus	  	7606 W Bell Rd	  	Glendale	  	AZ	  	85308-8619
	 P0000339
	  	Tacala, L.L.C.	  	Taco Bell	  	4121 Hixson Pike	  	Chattanooga	  	TN	  	37415-3111
	 P0000413
	  	QK, Inc.	  	Denny’s	  	425 NE Hassalo St	  	Portland	  	OR	  	97232-2056
	 P0000422
	  	Checker’s Drive-in Restaurants	  	Rally’s	  	2502 S Preston St #3	  	Louisville	  	KY	  	40217-2431
	 P0000458
	  	Interfoods of America, Inc.	  	Popeye’s	  	10706 Florida Blvd	  	Baton Rouge	  	LA	  	70815-1742
	 P0000480
	  	Mosaica Education	  	Mosaica	  	2255 Kimberly Parkway East	  	Columbus	  	OH	  	43232
	 P0000586
	  	Mosaica Education	  	Mosaica	  	3333 Chipewa Drive	  	Columbus	  	OH	  	43214
	 P0000587
	  	Mosaica Education	  	Mosaica	  	555 S Fifth Avenue	  	Alpena	  	MI	  	49707
	 P0000842
	  	DL Industries, LP	  	Dan-Loc Bolt & Gasket	  	725 North Drennan	  	Houston	  	TX	  	77003
	 P0000843
	  	Huntsville Wholesale Furniture	  	Ashley Furniture	  	3020 South Memorial Parkway	  	Huntsville	  	AL	  	35801
	 P0000880
	  	Hal Smith Restaurant Group	  	Krispy Kreme	  	1502 SE Walton Blvd	  	Bentonville	  	AR	  	72712
	 P0000881
	  	Hal Smith Restaurant Group	  	Krispy Kreme	  	1315 Shackleford Rd	  	Little Rock	  	AR	  	72211
	 P0000882
	  	Hal Smith Restaurant Group	  	Krispy Kreme	  	4301 South Loop 289	  	Lubbock	  	TX	  	79423
	 P0000883
	  	Hill Country Furniture Partners, Ltd.	  	Ashley Furniture	  	12493 West IH-10	  	San Antonio	  	TX	  	78230
	 P0001048
	  	Eateries Inc.	  	Eateries, Inc	  	1220 S. Santa Fe	  	Edmond	  	OK	  	73003
	 P0001049
	  	Eateries Inc.	  	Garfield’s	  	4845 N. Kickapoo	  	Shawnee	  	OK	  	74801
	 P0001052
	  	Pine Creek Medical Center	  	Pine Creek Medical Center	  	9032 Harry Hines Blvd	  	Dallas	  	TX	  	75235
	 P0001053
	  	D-Sea, Inc.	  	Long John Silvers	  	1215 Main Street	  	Crossville	  	TN	  	38555

  
 II-A-14

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip

Code

	 P0001054
	  	D-Sea, Inc.	  	Long John Silvers	  	2550 East Morris Blvd	  	Morristown	  	TN	  	37814
	 P0001055
	  	D-Sea, Inc.	  	Long John Silvers	  	325 South Calderwood Ave	  	Alcoa	  	TN	  	37701
	 P0001056
	  	D-Sea, Inc.	  	Long John Silvers	  	1282 Oak Ridge Turnpike	  	Oak Ridge	  	TN	  	37830
	 P0001057
	  	D-Sea, Inc.	  	Long John Silvers	  	4416 Western Avenue	  	Knoxville	  	TN	  	37921
	 P0001058
	  	D-Sea, Inc.	  	Long John Silvers	  	1612 South Roane Street	  	Harriman	  	TN	  	37748
	 P0001059
	  	D-Sea, Inc.	  	Long John Silvers	  	2816 Magnolia Ave	  	Knoxville	  	TN	  	37914
	 P0001060
	  	D-Sea, Inc.	  	Long John Silvers	  	2005 W. Andrew Johnson Hwy	  	Morristown	  	TN	  	37814
	 P0001061
	  	D-Sea, Inc.	  	Long John Silvers	  	1595 E Andrew Johnson Hwy	  	Greenville	  	TN	  	37743
	 P0001062
	  	D-Sea, Inc.	  	Long John Silvers	  	5227 Clinton Highway	  	Knoxville	  	TN	  	37912
	 P0001063
	  	D-Sea, Inc.	  	Long John Silvers	  	4833 North Broadway	  	Knoxville	  	TN	  	37918
	 P0001064
	  	D-Sea, Inc.	  	Long John Silvers	  	540 Highway 321 North	  	Lenoir City	  	TN	  	37771
	 P0001065
	  	Excel Motorsports	  	Excel Motorsports	  	8800 W. Colfax Ave.	  	Lakewood	  	CO	  	80215
	 P0001066
	  	Excel Motorsports	  	Excel Motorsports	  	6950 E. Colfax Ave.	  	Denver	  	CO	  	80220
	 P0001068
	  	Stephen A. Hall Enterprises, LLC	  	Mitsubishi	  	677 East Interstate 20	  	Arlington	  	TX	  	76018
	 P0001070
	  	Restaurant Resources	  	Pizza Hut	  	3125 Agency Street	  	Burlington	  	IA	  	52601-1908
	 P0001071
	  	Restaurant Resources	  	Pizza Hut	  	2075 John F. Kennedy Road	  	Dubuque	  	IA	  	52002-3815
	 P0001072
	  	Restaurant Resources	  	Pizza Hut	  	49 Cedar Street	  	Tipton	  	IA	  	52772-1752
	 P0001073
	  	Restaurant Resources	  	Pizza Hut	  	1310 N. Roosevelt Ave	  	Burlington	  	IA	  	52601-2047
	 P0001074
	  	Restaurant Resources	  	Pizza Hut	  	1845 8th Street SE	  	Dyersville	  	IA	  	52040-2156
	 P0001075
	  	Restaurant Resources	  	Pizza Hut	  	1640 First Street West	  	Independence	  	IA	  	50644-2322
	 P0001076
	  	Restaurant Resources	  	Pizza Hut	  	1129 E. Main Street	  	Manchester	  	IA	  	52057-1829
	 P0001077
	  	Restaurant Resources	  	Pizza Hut	  	709 First Ave	  	Rock Falls	  	IL	  	61071-1765
	 P0001078
	  	Restaurant Resources	  	Pizza Hut	  	1616 N. Second Street	  	Clinton	  	IA	  	52732-2861
	 P0001079
	  	Restaurant Resources	  	Pizza Hut	  	1320 11th Street	  	DeWitt	  	IA	  	52742-1224
	 P0001080
	  	Restaurant Resources	  	Pizza Hut	  	701 N. Main Street	  	Savanna	  	IL	  	61074-1318
	 P0001084
	  	Heartland Food Corp.	  	Burger King	  	10550 S Avenue B	  	Chicago	  	IL	  	60617

  
 II-A-15

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip

Code

	 P0001085
	  	Heartland Food Corp.	  	Burger King	  	1750 N Harlem Ave	  	Elmwood Park	  	IL	  	60707
	 P0001086
	  	St. Ann Enterprises	  	Burger King	  	10458 Saint Charles Rock Rd	  	Saint Ann	  	MO	  	63074
	 P0001087
	  	Heartland Food Corp.	  	Burger King	  	725 US Highway 24 W	  	Gilman	  	IL	  	60938
	 P0001088
	  	Heartland Food Corp.	  	Burger King	  	2651 S Veterans Pkwy	  	Springfield	  	IL	  	62704
	 P0001089
	  	Heartland Food Corp.	  	Burger King	  	1308 N Keller Dr	  	Effingham	  	IL	  	62401
	 P0001090
	  	Heartland Food Corp.	  	Burger King	  	4241 N Prospect St	  	Decatur	  	IL	  	62526
	 P0001091
	  	Heartland Food Corp.	  	Burger King	  	2901 S Grand AveE	  	Springfield	  	IL	  	62703
	 P0001092
	  	Heartland Food Corp.	  	Burger King	  	1144W Boughton Rd	  	Bolingbrook	  	IL	  	60440
	 P0001094
	  	Heartland Food Corp.	  	Burger King	  	1290 Normantown Rd	  	Romeo ville	  	IL	  	60446
	 P0001095
	  	Heartland Food Corp.	  	Burger King	  	1503 Woodlawn Rd	  	Lincoln	  	IL	  	62656
	 P0001096
	  	NPC International, Inc.	  	Pizza Hut	  	708 Jackson Street	  	Pana	  	IL	  	62557
	 P0001097
	  	NPC International, Inc.	  	Pizza Hut	  	1602 N. 8th Street	  	Vandalia	  	IL	  	62471
	 P0001098
	  	NPC International, Inc.	  	Pizza Hut	  	105 W. Lincoln Ave	  	Charleston	  	IL	  	61920
	 P0001099
	  	NPC International, Inc.	  	Pizza Hut	  	205 N. Keller Dr	  	Effingham	  	IL	  	62401
	 P0001100
	  	NPC International, Inc.	  	Pizza Hut	  	1204 German Street	  	Maquoketa	  	IA	  	52060
	 P0001101
	  	NPC International, Inc.	  	Pizza Hut	  	1215 W. Main Street	  	Shelbyville	  	IL	  	62565
	 P0001102
	  	NPC International, Inc.	  	Pizza Hut	  	303 W. Springfield Road	  	Taylorville	  	IL	  	62568
	 P0001103
	  	NPC International, Inc.	  	Pizza Hut	  	1600 West Euclid Ave	  	Des Moines	  	IA	  	50313
	 P0001104
	  	NPC International, Inc.	  	Pizza Hut	  	1002 Short Street	  	Decorah	  	IA	  	52101
	 P0001105
	  	NPC International, Inc.	  	Pizza Hut	  	303 N. K Ave	  	Vinton	  	IA	  	52349
	 P0001106
	  	Mid-Ohio Restaurant Mgmt, Inc.	  	Wendy’s	  	4965 East Pike	  	Zanesville	  	OH	  	43701

  
 II-A-16

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001107
	  	Golden Partners	  	Golden Corral	  	1801 S. Waldron	  	Fort Smith	  	AR	  	72903
	 P0001108
	  	Golden Partners	  	Golden Corral	  	3551 Shepherd of the Hills Expressway	  	Branson	  	MO	  	65616
	 P0001109
	  	Golden Partners	  	Golden Corral	  	2020 E. Primrose	  	Springfield	  	MO	  	65804
	 P0001110
	  	Golden Partners	  	Golden Corral	  	5001 Warden Road	  	North Little Rock	  	AR	  	72116
	 P0001111
	  	Arby’s Restaurant Group	  	Arby’s	  	1518 S. Washington Street	  	Crawfordsville	  	IN	  	47933
	 P0001112
	  	Arby’s Restaurant Group	  	Arby’s	  	545 S. State Road 67	  	Mooresville	  	IN	  	46158
	 P0001114
	  	U.S. Beef Corporation	  	Arby’s	  	437 W. Grand Ave	  	Chickasa	  	OK	  	73018
	 P0001117
	  	CJM Enterprises, Inc.	  	Doc’s Bar-B-Q	  	1601 N. Mississippi Ave	  	Ada	  	OK	  	74820
	 P0001118
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	1550 Appleton Road	  	Menasha	  	Wl	  	54952
	 P0001119
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	498 SE State Route 291	  	Lees Summit	  	MO	  	64063
	 P0001120
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	2333 Missouri Blvd	  	Jefferson City	  	MO	  	65109
	 P0001121
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	5550 Highway 52 N	  	Rochester	  	MN	  	55901
	 P0001122
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	439 W. Coliseum Blvd	  	Fort Wayne	  	IN	  	46805
	 P0001124
	  	Seed Restaurant Group Inc.	  	Fazoli’s	  	810 SW US Highway 40	  	Blue Springs	  	MO	  	64015
	 P0001157
	  	Créme de la Créme	  	Créme de la Créme	  	7550 Park Meadows Dr	  	Lone Tree	  	CO	  	80124
	 P0001158
	  	Créme de la Créme	  	Créme de la Créme	  	4625 Weaver Parkway	  	Warrenville	  	IL	  	60555
	 P0001159
	  	Créme de la Créme	  	Créme de la Créme	  	4600 West 115th Street	  	Leawood	  	KS	  	66211
	 P0001167
	  	Regal Entertainment, Inc.	  	Regal Cinemas	  	950 Foxcroft Avenue	  	Martinsburg	  	WV	  	25401
	 P0001168
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	1550 Pulsar Drive	  	Colorado Springs	  	CO	  	80916
	 P0001169
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	1807 Martin Luther King Jr. Blvd	  	Durham	  	NC	  	27707
	 P0001170
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	5320 Forest Drive	  	Columbia	  	SC	  	29206
	 P0001171
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	3636 Manhattan Ave	  	Ft. Collins	  	CO	  	80526
	 P0001172
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	4822 Koger Blvd	  	Greensboro	  	NC	  	27407
	 P0001173
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	201 Tall Pines Avenue	  	Longview	  	TX	  	75605
	 P0001174
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	111 Cinema Drive	  	Wilmington	  	NC	  	28403

  
 II-A-17

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001203
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	3547 Reynolda Road	  	Winston-Salem	  	NC	  	27106
	 P0001204
	  	Carrols Corporation	  	Burger King	  	1892 W. Market Street	  	Akron	  	OH	  	44313
	 P0001205
	  	Carrols Corporation	  	Burger King	  	2490 Shawnee Road	  	Lima	  	OH	  	45806
	 P0001206
	  	Platinum Restaurant Group	  	Eddie Merlot’s	  	1502 Illinois Road South	  	Ft. Wayne	  	IN	  	46804
	 P0001207
	  	Platinum Restaurant Group	  	Eddie Merlot’s	  	3645 E. 96th Street	  	Indianapolis	  	IN	  	46240
	 P0001208
	  	Carrols Corporation	  	Burger King	  	365 Amherst Street	  	Buffalo	  	NY	  	14207
	 P0001209
	  	Carrols Corporation	  	Burger King	  	1083 Hertel Avenue	  	Buffalo	  	NY	  	14216
	 P0001210
	  	Carrols Corporation	  	Burger King	  	1459 French Road	  	Cheektowag a	  	NY	  	14225
	 P0001211
	  	Carrols Corporation	  	Burger King	  	34 Hamburg Street	  	East Aurora	  	NY	  	14052
	 P0001212
	  	Carrols Corporation	  	Burger King	  	6933 Erie Road	  	Evans	  	NY	  	14047
	 P0001213
	  	Carrols Corporation	  	Burger King	  	937 Fairmount Avenue	  	Jamestown	  	NY	  	14701
	 P0001214
	  	Carrols Corporation	  	Burger King	  	3701 Diann Marie Road	  	Louisville	  	KY	  	40242
	 P0001216
	  	Carrols Corporation	  	Burger King	  	6450 Outer Loop	  	Louisville	  	KY	  	40228
	 P0001217
	  	Carrols Corporation	  	Burger King	  	2553 Military Road	  	Niagara Falls	  	NY	  	14304
	 P0001218
	  	Carrols Corporation	  	Burger King	  	10 South Cascade Street	  	Springville	  	NY	  	14141
	 P0001221
	  	Capitol Racquet Sports, Inc.	  	Courthouse Athletic Club	  	300 Glen Creek Road NW	  	Salem	  	OR	  	97304
	 P0001222
	  	Capitol Racquet Sports, Inc.	  	Courthouse Athletic Club	  	6250 Commercial St S	  	Salem	  	OR	  	97306
	 P0001223
	  	Capitol Racquet Sports, Inc.	  	Courthouse Athletic Club	  	4132 Devonshire N	  	Salem	  	OR	  	97305
	 P0001224
	  	Capitol Racquet Sports, Inc.	  	Courthouse Athletic Club	  	6425 Wheatland Road N	  	Salem	  	OR	  	97303
	 P0001225
	  	Capitol Racquet Sports, Inc.	  	Courthouse Athletic Club	  	2975 River Road S	  	Salem	  	OR	  	97302
	 P0001226
	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	3930 E. DuPont Road	  	Fort Wayne	  	IN	  	46825
	 P0001220
	  	Pike Holding Nursery LLC	  	Pike Nurseries	  	 6100
 Lawrenceville
Highway
	  	Atlanta	  	GA	  	30084
	 P0001234
	  	Aspen Education Group, Inc.	  	Academy of the Sierras	  	42675 Road 44	  	Reedley	  	CA	  	93654
	 P0001235
	  	Aspen Education Group, Inc.	  	Academy at Swift River	  	151 South Street	  	Cummingto n/Ashfield/Plainfield	  	MA	  	01026

  
 II-A-18

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001236
	  	Aspen Education Group, Inc.	  	New Leaf Academy	  	2075 N. Rugby Road	  	Hendersonville	  	NC	  	28791
	 P0001237
	  	Aspen Education Group, Inc.	  	Bromley Brook School	  	2595 Depot Street	  	Manchester	  	VT	  	05255
	 P0001238
	  	Plastech Engineered Products	  	Manufacturer	  	1833 Frenchtown Center Drive	  	Monroe	  	MI	  	48162
	 P0001239
	  	Dickinson Theatres, Inc.	  	Dickinson Theatres	  	8601 W. 135th Street	  	Overland Park	  	KS	  	66223
	 P0001240
	  	Dickinson Theatres, Inc.	  	Dickinson Theatres	  	1325 N. Litchfield Road	  	Goodyear	  	AZ	  	85336
	 P0001241
	  	PamCo. Inc.	  	Office Bldg	  	425 Maestro Drive	  	Reno	  	NV	  	89511
	 P0001242
	  	NPC International, Inc.	  	Pizza Hut	  	200 East Taylor Street	  	Creston	  	IA	  	50801
	 P0001243
	  	Q’s Restaurant Group	  	Cheddar’s Casual Café	  	11135 Causeway Boulevard	  	Brandon	  	FL	  	33511
	 P0001244
	  	Formed Fiber Technologies	  	Manufacturing	  	1630 Ferguson Court	  	Sidney	  	OH	  	45365
	 P0001245
	  	Aspen Education Group, Inc.	  	Mount Bachelor Academy	  	33051 N.E. Ochoco Highway	  	Prineville	  	OR	  	97754
	 P0001247
	  	Automotive Remarketing Group, Inc.	  	Auto/RV Auctions	  	11982 New Kings Road	  	Jacksonville	  	FL	  	32219
	 P0001248
	  	Automotive Remarketing Group, Inc.	  	Auto/RV Auctions	  	8544 E. Admiral Place	  	Tulsa	  	OK	  	74115
	 P0001249
	  	Automotive Remarketing Group, Inc.	  	Auto/RV Auctions	  	2415 South Hwy 101	  	Greenville	  	SC	  	29651
	 P0001250
	  	Créme de la Créme	  	Créme de la Créme	  	501 Oakmont Lane	  	Westmont	  	IL	  	60559
	 P0001252
	  	Hardee’s Foods Systems, Inc.	  	Hardee’s	  	1208 Industrial Boulevard	  	East Ellijay	  	GA	  	30539
	 P0001253
	  	Hardee’s Foods Systems, Inc.	  	Hardee’s	  	451 W. Ottawa Street	  	Paxton	  	IL	  	60957
	 P0001254
	  	Heartland Food Corp.	  	Burger King	  	408 N. Lincoln Road	  	Escanaba	  	MI	  	49829
	 P0001255
	  	Heartland Food Corp.	  	Burger King	  	800 S. Washburn St	  	Oshkosh	  	WI	  	54904
	 P0001256
	  	Heartland Food Corp.	  	Burger King	  	13348 Washington Ave	  	Sturtevant	  	WI	  	60617
	 P0001257
	  	Hometown Folks, LLC	  	Burger King	  	2635 Decatur Pike	  	Athens	  	TN	  	37303
	 P0001258
	  	L & D Foods, Inc.	  	Wendy’s	  	6834 Wesley Street	  	Greenville	  	TX	  	75402
	 P0001259
	  	Arby’s Restaurant Group	  	Arby’s	  	1010 Foxcroft Ave	  	Martinsburg	  	WV	  	25401

  
 II-A-19

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001261
	  	Arby’s Restaurant Group	  	Arby’s	  	1224 S. Mission Street	  	Mount Pleasant	  	MI	  	48858
	 P0001262
	  	Arby’s Restaurant Group	  	Arby’s	  	44905 Mound	  	Sterling Heights	  	MI	  	48314
	 P0001263
	  	Trefz & Trefz, Inc.	  	Arby’s	  	2209 Cherry Road	  	Rock Hill	  	SC	  	29732
	 P0001265
	  	Harris Foods	  	Wendy’s	  	177 N Lee St	  	Forsyth	  	GA	  	31029
	 P0001266
	  	Harris Foods	  	Wendy’s	  	1961 Eatonton Rd	  	Madison	  	GA	  	30650

 3. Spirit Master Funding III 

 

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001777
	  	Fisher Motors, Inc	  	Fisher Motors	  	1111 20th Ave. SW	  	Minot	  	ND	  	58701
	 P0001776
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	1028 Central Expressway	  	Wichita Falls	  	TX	  	76305
	 P0001775
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	2104 S. First Street	  	Lufkin	  	TX	  	75901
	 P0001774
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	1315 N. Collins	  	Arlington	  	TX	  	76011
	 P0001771
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	8409 Interstate 30	  	Little Rock	  	AR	  	72209
	 P0001770
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	5015 Hinkleville Rd.	  	Paducah	  	KY	  	42001
	 P0001769
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	3010 Lakecrest Circle	  	Lexington	  	KY	  	40513
	 P0001768
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	9825 E. 21st St.	  	Tulsa	  	OK	  	74129
	 P0001767
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	124 Holiday Dr.	  	Ardmore	  	OK	  	73401
	 P0001766
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	204 W. Shawnee Ave.	  	Muskogee	  	OK	  	74401
	 P0001765
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	4015 Fern Ave.	  	Shreveport	  	LA	  	71105
	 P0001764
	  	El Chico Restaurants Of America, Inc	  	El Chico	  	2815 N. Highway 75	  	Sherman	  	TX	  	75090

  
 II-A-20

													
	 Property

ID
	  	Obligor	  	Concept	  	Address	  	City	  	St	  	Zip
Code
	 P0001760
	  	Santa Fe Cattle Company,
Inc.	  	Santa Fe Cattle Company	  	1800 S. Meridian	  	Oklahoma
City	  	OK	  	73108
	 P0001759
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	Route 358 Hadley
Road	  	Greenville	  	PA	  	16125
	 P0001755
	  	Davidson Motor Co	  	Ford Motor Company	  	55 Expedition
Trail	  	Gettysburg	  	PA	  	17325
	 P0001754
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	3870 Elm Road,
NE	  	Warren	  	OH	  	44483
	 P0001753
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	3334 Wilmington
Road	  	New Castle	  	PA	  	16105
	 P0001752
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	804 Boardman-
Poland Rd	  	Youngstown	  	OH	  	44512
	 P0001751
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	4896 Everhard
Road	  	Canton	  	OH	  	44718
	 P0001750
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	5550 Interstate
Blvd	  	Austintown	  	OH	  	44515
	 P0001749
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	310 West
Columbus Ave	  	Corry	  	PA	  	16407
	 P0001748
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	2728 West State
Road	  	Olean	  	NY	  	14760
	 P0001747
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	31-35 Bolivar
Drive	  	Bradford	  	PA	  	16701
	 P0001746
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	4403 Peach Street	  	Erie	  	PA	  	16509
	 P0001745
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	1953 Niles-
Cortland Rd	  	Warren	  	OH	  	44484
	 P0001744
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	207 Plum Street	  	Edinboro	  	PA	  	16412
	 P0001743
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	18276 Conneaut
Lake Rd	  	Meadville	  	PA	  	16335
	 P0001742
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	78 Perkins Road	  	Clarion	  	PA	  	16214
	 P0001741
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	915 West Main
Street	  	Grove City	  	PA	  	16127
	 P0001740
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	20013 Route 19	  	Cranberry
Twp	  	PA	  	16066
	 P0001739
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	2714 West Lake
Road	  	Erie	  	PA	  	16505
	 P0001738
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	115 Ludlow Street	  	Warren	  	PA	  	16365
	 P0001737
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	587 East Main
Street	  	Canfield	  	OH	  	44406
	 P0001736
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	1871 Oakland
Avenue	  	Indiana	  	PA	  	15701
	 P0001735
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	4334 Buffalo Road	  	Erie	  	PA	  	16510

  
 II-A-21

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001734
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	1601 Prospect Road	  	Ashtabula	  	OH	  	44004
	 P0001733
	  	Unique Ventures Group, Inc.	  	Perkins Family Restaurant	  	7175 Engle Road	  	Middleburg Hts	  	OH	  	44130
	 P0001727
	  	Cornett Hospitality, LLC	  	Hooters	  	4627 Williamson Rd NW	  	Roanoke	  	VA	  	24012
	 P0001726
	  	Cornett Hospitality, LLC	  	Hooters	  	6035 Carlisle Pike	  	Mechanicsburg	  	PA	  	17050
	 P0001725
	  	Mealey’s Furniture Hldgs lnc	  	Mealey’s Furniture	  	130 Enterprise Avenue	  	Morrisville	  	PA	  	19067
	 P0001724
	  	Mealey’s Furniture Hldgs Inc	  	Mealey’s Furniture	  	179 Lincoln Highway	  	Fairless Hills	  	PA	  	19030
	 P0001723
	  	Mealey’s Furniture Hldgs Inc	  	Mealey’s Furniture	  	3150 Knights Road	  	Bensalem	  	PA	  	19020
	 P0001722
	  	Stu Evans Lincoln-Mercury, Lakeside Inc.	  	Lincoln-Mercury	  	17500 Hall Rd.	  	Clinton Township	  	MI	  	48038
	 P0001720
	  	Tacala, LLC	  	Taco Bell	  	2491 Keith Street NW	  	Cleveland	  	TN	  	37311
	 P0001718
	  	Tacala, LLC	  	Taco Bell	  	1093 Blowing Rock Rd	  	Boone	  	NC	  	28607
	 P0001716
	  	Heartland Food Corp	  	Burger King	  	2889 New York Street	  	Aurora	  	IL	  	60504
	 P0001715
	  	Arby’s Restaurant Group, Inc.	  	Arby’s	  	17032 N 99th Ave	  	Sun City	  	AZ	  	85373
	 P0001710
	  	Hospitality West, LLC	  	Pizza Hut	  	10370 Bennett Rd	  	Fredonia	  	NY	  	14063
	 P0001709
	  	Hospitality West, LLC	  	Pizza Hut	  	37 Center St	  	Hornell	  	NY	  	14843
	 P0001706
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	354 W. Army Trail Road	  	Bloomingdale	  	IL	  	60108
	 P0001705
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	9380 Joliet Road	  	Hodgkins	  	IL	  	60525
	 P0001704
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	400 Town Center	  	Matteson	  	IL	  	60443
	 P0001703
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	125 Randall Road	  	Elgin	  	IL	  	60123
	 P0001702
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	2795 Plainfield Road	  	Joliet	  	IL	  	60435
	 P0001701
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	2411 Sycamore Road	  	Dekalb	  	IL	  	60115
	 P0001700
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	418 E. Rollins Road	  	Round Lake Beach	  	IL	  	60073
	 P0001699
	  	APPLEILLINOIS, LLC	  	Applebee’s	  	6656 W. Grand Avenue	  	Chicago	  	IL	  	60707
	 P0001697
	  	The Twins Group, Inc.	  	Taco Bell	  	501 S. Gilbert	  	Danville	  	IL	  	61832

  
 II-A-22

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001696
	  	RIO Two, LLC	  	Burger King	  	2011 NE Cornell Rd	  	Hillsboro	  	OR	  	97124
	 P0001695
	  	K-Mac Enterprises Inc	  	Taco Bell	  	1348 N. Glenstone	  	Springfield	  	MO	  	65802
	 P0001694
	  	K-Mac Enterprises Inc	  	Taco Bell	  	820 S. Highway 65	  	Sedalia	  	MO	  	65301
	 P0001693
	  	Ivex Packaging, LLC	  	Manufacturing	  	8100 S. 77th Avenue	  	Bridgeview	  	IL	  	60455
	 P0001692
	  	Ivex Packaging, LLC	  	Manufacturing	  	792 Commerce Avenue	  	New Castle	  	PA	  	16101
	 P0001691
	  	Hometown Folks, LLC	  	Burger King	  	250 Dinah Shore Blvd	  	Winchester	  	TN	  	37398
	 P0001690
	  	Hometown Folks, LLC	  	Burger King	  	160 New Highway 68	  	Sweetwater	  	TN	  	37874
	 P0001688
	  	Arby’s Restaurant Group, Inc.	  	Arby’s	  	1630 N. Main St.	  	North Canton	  	OH	  	44720
	 P0001687
	  	The Twins Group, Inc.	  	Taco Bell	  	30 Fiesta Drive	  	Miamisburg	  	OH	  	45342
	 P0001686
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1120 Highway 287 N	  	Mansfield	  	TX	  	75006
	 P0001685
	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	445 N. Clark Road	  	Cedar Hill	  	TX	  	75104-2030
	 P0001684
	  	Famous Recipe Company Operations, Inc	  	Mrs. Winner’s	  	3770 E. Shelby Drive	  	Memphis	  	TN	  	38118
	 P0001683
	  	The Twins Group, Inc.	  	Taco Bell	  	654 E. Dixie Drive	  	West Carrollton	  	OH	  	45449
	 P0001682
	  	The Twins Group, Inc.	  	Taco Bell	  	2079 Main Street	  	Bellefontaine	  	OH	  	43311
	 P0001681
	  	The Twins Group, Inc.	  	Taco Bell	  	985 W. Main Street	  	Tipp City	  	OH	  	45371
	 P0001679
	  	Jack In The Box, Inc	  	Jack in die Box	  	2680 Grass Valley Highway	  	Auburn	  	CA	  	95603
	 P0001676
	  	Diamondback Management, Inc	  	Tumbleweed	  	1104 Mutual Way	  	Appleton	  	WI	  	54913
	 P0001675
	  	Diamondback Management, Inc	  	Tumbleweed	  	10950 West Good Hope Road	  	Milwaukee	  	WI	  	53224
	 P0001674
	  	Goldco, Inc	  	Burger King	  	2007 W. Hill Avenue	  	Valdosta	  	GA	  	31601
	 P0001673
	  	Interfoods Of America, Inc	  	Popeye’s	  	3499 W Oakland Park Blvd	  	Fort Lauderdale	  	FL	  	33311
	 P0001661
	  	Chase Lumber Co Inc	  	Chase Lumber	  	17600 E. Smith Road	  	Aurora	  	CO	  	80011
	 P0001660
	  	Austin-Westran, LLC	  	Manufacturing	  	602 E. Blackhawk Drive	  	Byron	  	IL	  	61010

  
 II-A-23

													
	 Property

ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001659
	  	K & Y, LLC	  	Sanford’s	  	241 South Center	  	Casper	  	WY	  	82601
	 P0001658
	  	K & Y, LLC	  	Sanford’s	  	202 Main Street	  	Lander	  	WY	  	82520
	 P0001657
	  	K & Y, LLC	  	Sanford’s	  	306 7th Street	  	Rapid City	  	SD	  	57701
	 P0001656
	  	K & Y, LLC	  	Sanford’s	  	1526 Oakridge Drive	  	Ft. Collins	  	CO	  	80525
	 P0001655
	  	K & Y, LLC	  	Sanford’s	  	200 Jefferson Street	  	Ft. Collins	  	CO	  	80524
	 P0001654
	  	K & Y, LLC	  	Sanford’s	  	115 E. 17th Street	  	Cheyenne	  	WY	  	82001
	 P0001653
	  	K & Y, LLC	  	Sanford’s	  	401 West Cedar Street	  	Rawlins	  	WY	  	82301
	 P0001652
	  	K & Y, LLC	  	Sanford’s	  	167 14th Street W	  	Dickinson	  	ND	  	58601
	 P0001651
	  	K & Y, LLC	  	Humphrey’s	  	408 W. Juniper	  	Gillette	  	WY	  	82718
	 P0001650
	  	Express Oil	  	Express Oil Change	  	922 9TH Avenue	  	Bessemer	  	AL	  	35020
	 P0001649
	  	Express Oil	  	Express Oil Change	  	136 First Street North	  	Alabaster	  	AL	  	35007
	 P0001648
	  	Express Oil	  	Express Oil Change	  	8400 1st Avenue North	  	Birmingham	  	AL	  	35206
	 P0001647
	  	Express Oil	  	Express Oil Change	  	5101 Oporto-Madrid Blvd	  	Birmingham	  	AL	  	35210
	 P0001646
	  	Express Oil	  	Express Oil Change	  	1479 Montgomery Highway	  	Birmingham	  	AL	  	35216
	 P0001645
	  	Express Oil	  	Express Oil Change	  	1412 Pinson Parkway	  	Birmingham	  	AL	  	35217
	 P0001644
	  	Express Oil	  	Express Oil Change	  	2556 Rocky Ridge Road	  	Birmingham	  	AL	  	35243
	 P0001643
	  	Express Oil	  	Express Oil Change	  	3635 Loma Road	  	Birmingham	  	AL	  	35216
	 P0001642
	  	Express Oil	  	Express Oil Change	  	525 S. Quindard Blvd	  	Oxford	  	AL	  	36203
	 P0001641
	  	Express Oil	  	Express Oil Change	  	2549 Bob Wallace Avenue	  	Huntsville	  	AL	  	35805
	 P0001640
	  	Express Oil	  	Express Oil Change	  	316 Fieldstown Road	  	Gardendale	  	AL	  	35071
	 P0001639
	  	Express Oil	  	Express Oil Change	  	5700 Sanderson Street NW	  	Huntsville	  	AL	  	36830
	 P0001638
	  	Express Oil	  	Express Oil Change	  	11951 Memorial Parkway SW	  	Huntsville	  	AL	  	35803

  
 II-A-24

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	P0001637	  	Express Oil	  	Express Oil Change	  	1554 Montgomery Highway	  	Birmingham	  	AL	  	35216
	P0001636	  	Express Oil	  	Express Oil Change	  	5860 Wall-Triana Highway	  	Madison	  	AL	  	35758
	 P0001635
	  	Express Oil	  	Express Oil Change	  	2731 Florence Blvd	  	Florence	  	AL	  	35630
	 P0001634
	  	Express Oil	  	Express Oil Change	  	1855 Opelika Road	  	Auburn	  	AL	  	36830
	 P0001633
	  	Express Oil	  	Express Oil Change	  	3203 Memorial Parkway NW	  	Huntsville	  	AL	  	35810
	 P0001632
	  	Express Oil	  	Express Oil Change	  	1011 6th Avenue SE	  	Decatur	  	AL	  	35601
	 P0001631
	  	Express Oil	  	Express Oil Change	  	8861 Madison Blvd	  	Madison	  	AL	  	35758
	 P0001630
	  	Express Oil	  	Express Oil Change	  	3819 University Drive	  	Huntsville	  	AL	  	35601
	 P0001629
	  	Express Oil	  	Express Oil Change	  	1222 Beltline Road SW	  	Decatur	  	AL	  	35603
	 P0001628
	  	Express Oil	  	Express Oil Change	  	4665 Center Point Road	  	Pinson	  	AL	  	35126
	 P0001627
	  	ADF Companies	  	Pizza Hut	  	95 Broadview Avenue	  	Warrenton	  	VA	  	20186
	 P0001626
	  	ADF Companies	  	Pizza Hut	  	876 N. Main Street	  	Culpeper	  	VA	  	22701
	 P0001625
	  	ADF Companies	  	Pizza Hut	  	1049 West Glebe Road	  	Alexandria	  	VA	  	22305
	 P0001624
	  	Plastech Frenchtown, Inc.	  	Manufacturing	  	2200 Revard Road	  	Monroe	  	MI	  	48162
	 P0001623
	  	BondCote Corporation	  	Manufacturing	  	4090 Pepperell Way	  	Dublin	  	VA	  	24084
	 P0001622
	  	BondCote Corporation	  	Manufacturing	  	509 Burgis Avenue	  	Pulaski	  	VA	  	24301
	 P0001620
	  	Cornett Hospitality, LLC	  	Topeka’s Steakhouse ‘N Saloon	  	4731 Brad McNeer Parkway	  	Midlothian	  	VA	  	23112
	 P0001619
	  	Cornett Hospitality, LLC	  	Max & Erma’s	  	2160 John Rolfe Parkway	  	Richmond	  	VA	  	23233
	 P0001618
	  	Cornett Hospitality, LLC	  	Hooters	  	2401 West Hundred Road	  	Chester	  	VA	  	23831
	 P0001617
	  	Cornett Hospitality, LLC	  	Hooters	  	703 Loucks Road	  	York	  	PA	  	17404
	 P0001616
	  	Cornett Hospitality, LLC	  	Hooters	  	3498 William Penn Highway	  	Monroeville	  	PA	  	15235

  
 II-A-25

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001615
	  	Cornett Hospitality, LLC	  	Hooters	  	5615 Maccorkle Avenue SE	  	Charleston	  	WV	  	25304
	 P0001614
	  	ADF Companies	  	Pizza Hut	  	9700 Fort Meade Road	  	Laurel	  	MD	  	20707
	 P0001613
	  	ADF Companies	  	Pizza Hut	  	7623 S. Osborne Road	  	Upper Marlboro	  	MD	  	20772
	 P0001612
	  	ADF Companies	  	Pizza Hut	  	6409 Old Alexandria Ferry Road	  	Clinton	  	MD	  	20735
	 P0001611
	  	ADF Companies	  	Pizza Hut	  	210 S. Seton Avenue	  	Emmitsburg	  	MD	  	21727
	 P0001610
	  	ADF Companies	  	Pizza Hut	  	1821 Wiehle Avenue	  	Reston	  	VA	  	20190
	 P0001609
	  	ADF Companies	  	Pizza Hut	  	9119 Annapolis Road	  	Lanham	  	MD	  	20706
	 P0001608
	  	ADF Companies	  	Pizza Hut	  	205 Frederick Road	  	Thurmont	  	MD	  	21788
	 P0001607
	  	ADF Companies	  	Pizza Hut	  	3319 Superior Lane	  	Bowie	  	MD	  	20715
	 P0001606
	  	ADF Companies	  	Pizza Hut	  	1220 W. Patrick	  	Frederick	  	MD	  	21703
	 P0001605
	  	ADF Companies	  	Pizza Hut	  	9200 New Hampshire Avenue	  	Silver Spring	  	MD	  	20903
	 P0001604
	  	ADF Companies	  	Pizza Hut	  	1396 Dual 40 Highway	  	Hagerstown	  	MD	  	21740
	 P0001603
	  	ADF Companies	  	Pizza Hut	  	24 E. Frederick	  	Walkersville	  	MD	  	21793
	 P0001602
	  	ADF Companies	  	Pizza Hut	  	5420 Urbana Pike	  	Frederick	  	MD	  	21704
	 P0001601
	  	ADF Companies	  	Pizza Hut	  	6422 Sargent Road	  	Hyattsville	  	MD	  	20782
	 P0001600
	  	AJ Acquisition I, LLC	  	National Paintball Supply	  	570 Mantua Blvd.	  	Sewell	  	NJ	  	8080
	 P0001599
	  	Cornett Hospitality, LLC	  	Topeka’s Steakhouse ‘N Saloon	  	1776 N. Parham Road	  	Richmond	  	VA	  	23294
	 P0001598
	  	Cornett Hospitality, LLC	  	Hooters	  	1211 Huguenot Road	  	Midlothian	  	VA	  	23113
	 P0001597
	  	Cornett Hospitality, LLC	  	Hooters	  	7912 W. Broad Street	  	Richmond	  	VA	  	23294
	 P0001584
	  	Automotive Remarketing Group, Inc.	  	Auto/RV Auctions	  	1440 FM 3083	  	Conroe	  	TX	  	77301
	 P0001583
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	713 S. Gloster Street	  	Tupelo	  	MS	  	38801

  
 II-A-26

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001582
	  	Blaylock’s, Inc.	  	Blaylock’s	  	5825 Sunset Drive	  	Foresthill	  	CA	  	95631
	 P0001581
	  	Steve & Barry’s University Sportswear	  	Steve & Barry’s University Spo	  	910 SE Military Drive	  	San Antonio	  	TX	  	78214
	 P0001580
	  	Auto Plex of Lincoln, LLC	  	Suzuki	  	6401 N. 28th Street	  	Lincoln	  	NE	  	68508
	 P0001579
	  	Heartland Food Corp	  	Burger King	  	5025 Ramsey St.	  	Fayetteville	  	NC	  	28311
	 P0001578
	  	Heartland Food Corp	  	Burger King	  	1305 S. 5th Street	  	Mebane	  	NC	  	27302
	 P0001577
	  	Heartland Food Corp	  	Burger King	  	101 Commerce Parkway	  	Garner	  	NC	  	27529
	 P0001576
	  	Steve & Barry’s University Sportswear	  	Steve & Barry’s University Spo	  	2401 North Sardis Road	  	Charlotte	  	NC	  	28227
	 P0001575
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	5625 Richmond Ave	  	Houston	  	TX	  	77057
	 P0001574
	  	Heartland Food Corp	  	Burger King	  	11124 31st St.	  	Westchester	  	IL	  	60154
	 P0001573
	  	Heartland Food Corp	  	Burger King	  	1540 E. Northwest Highway	  	Palatine	  	IL	  	60067
	 P0001572
	  	PacPizza, LLC	  	Pizza Hut	  	201 W. Olive Ave	  	Turlock	  	CA	  	95380
	 P0001571
	  	Kfc U.S. Properties, Inc.	  	KFC	  	2771 E. Lincoln Highway	  	Coatesville	  	PA	  	19320
	 P0001570
	  	Heartland Food Corp	  	Burger King	  	1601 S. Main St.	  	Lillington	  	NC	  	27546
	 P0001569
	  	Heartland Food Corp	  	Burger King	  	2117 Cedar Creek Road	  	Fayetteville	  	NC	  	28301
	 P0001568
	  	Heartland Food Corp	  	Burger King	  	3012 Hope Mills Road	  	Hope Mills	  	NC	  	28348
	 P0001567
	  	Heartland Food Corp	  	Burger King	  	7011 Raeford Road	  	Fayetteville	  	NC	  	28304
	 P0001566
	  	Heartland Food Corp	  	Burger King	  	2790 Hickory Bvld.	  	Hudson	  	NC	  	28638
	 P0001565
	  	Heartland Food Corp	  	Burger King	  	2543 Springs Road NE	  	Hickory	  	NC	  	28601
	 P0001563
	  	Hardee’s Food Systems, Inc	  	Hardee’s	  	101 Princeton Blvd.	  	Adairsville	  	GA	  	30103
	 P0001559
	  	Tacala, LLC	  	Taco Bell	  	4115 Rossville Blvd.	  	Chattanooga	  	TN	  	37407
	 P0001558
	  	D.b. Concrete Construction, Inc.	  	D.B. Concrete	  	10980 Guilford Road	  	Annapolis Junction	  	MD	  	20701
	 P0001556
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	1770 Ashville Road NE	  	Leeds	  	AL	  	35094

  
 II-A-27

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001555
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	1744 Horal St	  	San Antonio	  	TX	  	78227
	 P0001554
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	7606 Guilbeau Road	  	San Antonio	  	TX	  	78250
	 P0001553
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	846 SE Military Drive	  	San Antonio	  	TX	  	78214
	 P0001552
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	457 W. Broadway Road	  	Tempe	  	AZ	  	85282
	 P0001551
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	7031 San Pedro Ave	  	San Antonio	  	TX	  	78212
	 P0001550
	  	Southpoint Consolidated, L.P.	  	Popeye’s Chicken & Biscuits	  	6127 Callaghan Road	  	San Antonio	  	TX	  	78228
	 P0001549
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	1515 Garth Brooks Blvd	  	Yukon	  	OK	  	73099
	 P0001548
	  	ADF Companies	  	Pizza Hut	  	1440 Manheim Pike	  	Lancaster	  	PA	  	17601
	 P0001547
	  	Brandon Overseas, Inc.	  	Brandon Fine Furniture	  	597 Glasgow Lane	  	Tupelo	  	MS	  	38801
	 P0001546
	  	Brandon Overseas, Inc.	  	Brandon Fine Furniture	  	8120 Grant Street	  	Merrillville	  	IN	  	46410
	 P0001545
	  	Brandon Overseas, Inc.	  	Brandon Fine Furniture	  	3661 W. Blue Heron Blvd.	  	West Palm Beach	  	FL	  	33404
	 P0001538
	  	Jeryco Indus Inc.	  	Jeryco Industries, Inc.	  	8401 Ambassador Row	  	Dallas	  	TX	  	75247
	 P0001537
	  	Lawrence Marshall	  	Auto Dealer -Other	  	2120 US Highway 75 North	  	Denison	  	TX	  	75020
	 P0001536
	  	Lawrence Marshall	  	Toyota	  	1920 US Highway 75 North	  	Denison	  	TX	  	75020
	 P0001535
	  	Lawrence Marshall	  	Nissan	  	2010 US Highway 75 North	  	Denison	  	TX	  	75020
	 P0001534
	  	Lawrence Marshall	  	Honda	  	2020 US Highway 75 North	  	Denison	  	TX	  	75020
	 P0001533
	  	Steve & Barry’s University Sportswear	  	Steve & Barry’s University Spo	  	853 Broad Street	  	Sumter	  	SC	  	29150
	 P0001532
	  	Steve & Barry’s University Sportswear	  	Steve & Barry’s University Spo	  	913 West Markerview Drive	  	Champaign	  	IL	  	61821

  
 II-A-28

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001531
	  	Automotive Remarketing Group, Inc.	  	Auto/RV Auctions	  	219 N. Loop 12	  	Irving	  	TX	  	75067
	 P0001530
	  	Bob Hurley Ford, LLC	  	Bob Hurley Ford	  	745 West 51st Street	  	Tulsa	  	OK	  	74107
	 P0001351
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	1824 Old Fort Parkway	  	Murfreesboro	  	TN	  	38401
	 P0001350
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	620 South James Campbell Blvd	  	Columbia	  	TN	  	42102
	 P0001349
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	247 Three Springs Road	  	Bowling Green	  	KY	  	37027
	 P0001348
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	7125 Crossroads Blvd	  	Brentwood	  	TN	  	38801
	 P0001347
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	5020 Academy Lane	  	Bessemer	  	AL	  	73110
	 P0001346
	  	Santa Fe Cattle Company, Inc.	  	Santa Fe Cattle Company	  	760 N. Interstate Drive	  	Norman	  	OK	  	37130
	 P0001339
	  	Hill Country Furniture Partners, Ltd	  	Ashley Furniture	  	1431 FM 1101	  	New Braunfels	  	TX	  	78130
	 P0001305
	  	Formtech Indus LLC	  	Manufacturing	  	2727 W. 14 Mile Road	  	Royal Oak	  	MI	  	48073
	 P0001304
	  	Formtech Indus LLC	  	Manufacturing	  	690 W. Maple Road	  	Troy	  	MI	  	48084
	 P0001303
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	1812 N. Federal Blvd	  	Riverton	  	WY	  	82501
	 P0001302
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	2500 E. Lincoln Way	  	Cheyenne	  	WY	  	82001
	 P0001301
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	2421 Plaza Street	  	Rawlins	  	WY	  	82301
	 P0001300
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	870 Main Street	  	Lander	  	WY	  	82520
	 P0001299
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	86 SE Wyoming Blvd	  	Casper	  	WY	  	82609
	 P0001298
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	2207 17th Street	  	Cody	  	WY	  	82414
	 P0001297
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	1655 Coffeen Ave	  	Sheridan	  	WY	  	82801
	 P0001296
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	1729 Dell Range Blvd	  	Cheyenne	  	WY	  	82009
	 P0001295
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	3340 CY Ave	  	Casper	  	WY	  	82604
	 P0001294
	  	Border Foods of Wyoming, LLC	  	Taco Bell	  	701 E. Boxelder
Road	  	Gillette	  	WY	  	82716

  
 II-A-29

													
	 Property
ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 St
	  	 Zip
Code

	 P0001293
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	6350 Jimmy Carter Blvd	  	Norcross	  	GA	  	30093
	 P0001292
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	6220 Mableton Parkway	  	Mableton	  	GA	  	30126
	 P0001291
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	2185 Veterans Memorial Hwy	  	Austell	  	GA	  	30168
	 P0001290
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	5796 Fairbura Road	  	Douglassville	  	GA	  	30134
	 P0001289
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	1215 Powder Springs Road	  	Marietta	  	GA	  	30064
	 P0001288
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	3866 Atlanta Highway	  	Hiram	  	GA	  	30141
	 P0001287
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	7200 Jonesboro Road	  	Morrow	  	GA	  	30260
	 P0001286
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	3721 Floyd Road	  	Floyd	  	GA	  	30106
	 P0001285
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	1214 West Avenue	  	Cartersville	  	GA	  	30120
	 P0001284
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	612 Bankhead Highway	  	Carrollton	  	GA	  	30117
	 P0001283
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	1100 Highway 78 West	  	Villa Rica	  	GA	  	30180
	 P0001282
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	896 Joe Frank Harris Pkwy	  	Cartersville	  	GA	  	30121
	 P0001281
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	5222 Floyd Road	  	Mableton	  	GA	  	30126
	 P0001280
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	3440 Highway 5	  	Douglassville	  	GA	  	30135
	 P0001279
	  	Martin’s Restaurant
Systems Inc	  	Martin’s	  	2005 Cobb Parkway NW	  	Kennesaw	  	GA	  	30152
	 P0001273
	  	ADF Companies	  	Pizza Hut	  	4401 Deny Street	  	Harrisburg	  	PA	  	17111
	 P0001272
	  	ADF Companies	  	Pizza Hut	  	4483 N. Front Street	  	Harrisburg	  	PA	  	17110
	 P0001271
	  	ADF Companies	  	Pizza Hut	  	10 Sporting Green Drive	  	Mechanicsburg	  	PA	  	17050
	 P0001270
	  	ADF Companies	  	Pizza Hut	  	732 E. Cumberland Street	  	Lebanon	  	PA	  	17042
	 P0001269
	  	ADF Companies	  	Pizza Hut	  	5275 Devonshire Road	  	Harrisburg	  	PA	  	17112
	 P0001268
	  	ADF Companies	  	Pizza Hut	  	320 N. Reading Road	  	Ephrata	  	PA	  	17522
	 P0001267
	  	ADF Companies	  	Pizza Hut	  	145 Sheraton Drive	  	New Cumberland	  	PA	  	17070

  
 II-A-30

 SCHEDULE II 
 PROPERTY EXCEPTIONS 
 1. Spirit Master Funding 

(1)         For the following properties, there are are pending lawsuits with respect to the
Tenant under the Leases or Borrower under the Mortgage Loans which would materially affect the value of the Lease or Mortgaged Property 
  

													
	 Property
ID
	  	 Asset/Property
Name
	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000900
	  	Barnhills Buffet	  	625 18th Avenue
North	  	Columbus	  	MS	  	39701	  	Slip and fall
							
	 P0000980
	  	Pilgrim’s Pride	  	3330 Woodrow
Wilson Drive	  	Jackson	  	MS	  	39209	  	Foreclosure
litigation related to
improvements
completed prior to
Issuer’s purchase

 (p)         For the following property, there are partial or
total condemnation proceedings 
  

													
	 Property
ID
	  	 Asset/Property
Name
	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	P000440	  	RTM	  	2501 Mayport
Rd	  	Jacksonville	  	FL	  	32233-2801	  	Partial
condemnation

(r)         For the following properties, the insurance provider is not a company listed on the
NYSE with an NAIC rating of “2” or better: 
  

													
	 Property
ID
	  	 Asset/Property
Name
	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000047
	  	Flying J Travel Plaza	  	950 State
Road 206
West	  	Saint
Augustine	  	FL	  	32086	  	The property and
liability insurance
provider,
TransAssurance,
Inc., is
rated B+III
 by Best.

  
 III-1

													
	 Property
ID
	  	 Asset/Property
Name
	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000048
	  	Flying J Travel Plaza	  	10226 Old
Federal Highway	  	Carnesville	  	GA	  	30521	  	The property and
liability insurance
provider,
TransAssurance,
Inc., is
rated B+III by Best.

							
	 P0000049
	  	Flying J Travel Plaza	  	5300 S SR 3	  	Spiceland	  	IN	  	47385	  	The property and
liability insurance
provider,
TransAssurance,
Inc., is
rated B+III by Best.

							
	 P0000050
	  	Flying J Travel Plaza	  	15236 State
Route 180	  	Catlettsburg	  	KY	  	41129-9211	  	The property and
liability insurance
provider,
TransAssurance,
Inc., is
rated B+III by Best.

 (s)         For the following property, there are continued
monitoring of remediation activities and responding to state agency inquiries regarding the same: 
  

													
	 Property
ID
	  	 Asset/Property
Name
	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000047
	  	Flying J Travel Plaza	  	950 State Road
206 West	  	Saint
Augustine	  	FL	  	32086	  	There are continued
monitoring of
remediation
activities
and
responding to state
agency inquiries
regarding the same

 (hh)         For the following property, there is damage that
would materially affect the value of the Lease or Mortgaged Property: 

  
 III-2

  

													
	 Property
ID
	  	Asset/
Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P000913
	  	Grand
Canyon
University	  	3300 W.
Camelback Road	  	Phoenix	  	AZ	  	85017	  	1 building with fire
damage, tenant
current working
with insurance
company

 2. Spirit Master Funding II 
 (k)         For the following property, there are bankruptcy or incolvency proceedings: 

 

													
	 Property
ID
	  	Asset/
Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000335
	  	Black
Angus	  	7606
W. Bell
Road	  	Glendale	  	AZ	  	85308	  	Bankruptcy plan has
been confirmed and
the lease has been
accepted

 (p)         For the following properties, there are partial or
total condemnation proceedings: 
  

													
	 Property
ID
	  	Asset/
Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P001119
	  	Fazoli’s	  	498 SE State
Route 291	  	Lees
Summit	  	MO	  	64063	  	Partial
condemnation
							
	 P0001226
	  	Carmike
Cinemas	  	3930 E. DuPont
Road	  	Fort
Wayne	  	IN	  	46825	  	Partial
condemnation

 (v(5))         For the following properties, there are continuing
construction/improvement obligations: 
  

													
	 Property
ID
	  	Asset/Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification /Other
Issues
	 P0001234
	  	Aspen Education	  	42675 Road 44	  	Reedley,
CA
93654	  	CA	  	93654	  	During last six
months of lease
term, Lessor is
responsible for
making capital
improvements

  
 III-3

													
							
	 P0001235
	  	Aspen Education	  	151 South Street	  	Cummington,
 MA 01026
	  	MA	  	01026	  	During last six
months of lease
term, Lessor is
responsible for
making capital
improvements
							
	 P0001236
	  	Aspen Education	  	2075 N. Rugby
Road	  	Hendersonville,
 NC 28791
	  	NC	  	28791	  	During last six
months of lease
term, Lessor is
responsible for
making capital
improvements
							
	 P0001237
	  	Aspen Education	  	2595 Depot St.	  	Manchester
 Center, VT

05255
	  	VT	  	05255	  	During last six
months of lease
term, Lessor is
responsible for
making capital
improvements

 (dd) For the following property, there is a Ground Lease: 

 

													
	 Property

ID
	  	Asset/Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0000872
	  	Camelback Ski Mountain	  	#1 Camelback
 Road
	  	Tannersville	  	PA	  	18372	  	Does not meet
representations of
section 1(ss)

 (hh) For the following properties, there is damage that would materially affect the value of the Lease or
Mortgaged Property: 
  

													
	 Property

ID
	  	Asset/Property
Name	  	Address	  	City	  	ST	  	Zip Code	  	Clarification/Other
Issues
	 P0001059
	  	D-Sea	  	2816 Magnolia
Ave	  	Knoxville	  	TN	  	37914	  	Fire damage -to
open within 30
days

  
 III-4

 3. Spirit Master Funding III 

(t) For the following properties, there is a mechanics lien: 

 

													
	 Property

ID
	  	 Asset/Property
Name
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code
	  	 Clarification/Other
Issues

	 P0001572
	  	 PacPizza,
 LLC Pizza

Hut
	  	201 W. Olive Ave	  	Turlock	  	CA	  	95380	  	Mechanics lien in the amount of $821.08
							
	 P0001533
	  	 Steve &
 Barry’s
University Sportswear
	  	853 Broad Street	  	Sumter	  	SC	  	29150	  	Mechanics lien in the amount of $88,700.11

  
 III-5

 SCHEDULE III-A 
 EQUIPMENT LOANS 
 1. Spirit Master Funding 

 

											
	 Property ID
	  	Concept	  	Address	  	City	  	ST	  	Zip
	 P0000385
	  	Golden
Corral	  	616 So. Ridge
Road Circle	  	Wichita	  	KS	  	67209
						
	 P0000386
	  	Golden
Corral	  	2830 W. 18th
Avenue	  	Emporia	  	KS	  	66801
						
	 E000787
	  	Sky
Ventures, LLC
	  	Multiple properties	  		  		  	

 2. Spirit Master Funding II 

 

											
	 Property ID
	  	Concept	  	Address	  	City	  	ST	  	Zip
	 E000838
	  	Camelback
Ski Resort
	  	1 Camelback Road	  	Tannersville	  	PA	  	18372

 3. Spirit Master Funding III 

 

											
	 Property ID
	  	Concept	  	Address	  	City	  	ST	  	Zip
	 E001399
	  	Stu Evans
 Lincoln-

Mercury,
 Lakeside
Inc.
	  	17500
Hall Rd.	  	Clinton
Township	  	MI	  	48038
	 E001300
	  	Santa Fe
Cattle
Company,
Inc.	  	7125
Crossroads Blvd
	  	Brentwood	  	TN	  	37027
	 E001242
	  	Border
Foods of
Wyoming,

LLC
	  	701 E.
Boxelder Road
	  	Gillette	  	WY	  	82716

  
 III-1

 SCHEDULE III 
 EQUIPMENT LOAN EXCEPTIONS 
 1. Spirit Master Funding 

None. 
 2. Spirit Master Funding II

 None. 
 3. Spirit Master
Funding III 
 None. 

 SCHEDULE IV 

AMORTIZATION SCHEDULE 
  

													
	 	  	Scheduled Series	 	  	Scheduled Series	 	  	Scheduled Series	 
	 Date
	  	2007-1 Balance	 	  	2006-1 Balance	 	  	2005-1 Balance	 
	 Series Closing Date
	  	 	350,300,000	  	  	 	296,447,000	  	  	 	427,935,000	  
	 4/20/2007
	  	 	349,951,000	  	  	 	295,985,000	  	  	 	427,231,000	  
	 5/20/2007
	  	 	349,601,000	  	  	 	295,520,000	  	  	 	426,524,000	  
	 6/20/2007
	  	 	349,249,000	  	  	 	295,053,000	  	  	 	425,813,000	  
	 7/20/2007
	  	 	348,895,000	  	  	 	294,584,000	  	  	 	425,099,000	  
	 8/20/2007
	  	 	348,539,000	  	  	 	294,112,000	  	  	 	424,381,000	  
	 9/20/2007
	  	 	348,181,000	  	  	 	293,638,000	  	  	 	423,660,000	  
	 10/20/2007
	  	 	347,822,000	  	  	 	293,162,000	  	  	 	422,935,000	  
	 11/20/2007
	  	 	347,461,000	  	  	 	292,683,000	  	  	 	422,206,000	  
	 12/20/2007
	  	 	347,098,000	  	  	 	292,202,000	  	  	 	421,474,000	  
	 1/20/2008
	  	 	346,733,000	  	  	 	291,718,000	  	  	 	420,738,000	  
	 2/20/2008
	  	 	346,367,000	  	  	 	291,232,000	  	  	 	419,999,000	  
	 3/20/2008
	  	 	345,998,000	  	  	 	290,744,000	  	  	 	419,255,000	  
	 4/20/2008
	  	 	345,628,000	  	  	 	290,253,000	  	  	 	418,508,000	  
	 5/20/2008
	  	 	345,256,000	  	  	 	289,759,000	  	  	 	417,758,000	  
	 6/20/2008
	  	 	344,882,000	  	  	 	289,263,000	  	  	 	417,003,000	  
	 7/20/2008
	  	 	344,506,000	  	  	 	288,765,000	  	  	 	416,245,000	  
	 8/20/2008
	  	 	344,128,000	  	  	 	288,264,000	  	  	 	415,483,000	  
	 9/20/2008
	  	 	343,749,000	  	  	 	287,761,000	  	  	 	414,717,000	  
	 10/20/2008
	  	 	343,367,000	  	  	 	287,255,000	  	  	 	413,947,000	  
	 11/20/2008
	  	 	342,984,000	  	  	 	286,747,000	  	  	 	413,174,000	  
	 12/20/2008
	  	 	342,599,000	  	  	 	286,236,000	  	  	 	412,397,000	  
	 1/20/2009
	  	 	342,212,000	  	  	 	285,723,000	  	  	 	411,615,000	  
	 2/20/2009
	  	 	341,822,000	  	  	 	285,207,000	  	  	 	410,830,000	  
	 3/20/2009
	  	 	341,431,000	  	  	 	284,688,000	  	  	 	410,041,000	  
	 4/20/2009
	  	 	341,038,000	  	  	 	284,167,000	  	  	 	409,248,000	  
	 5/20/2009
	  	 	340,643,000	  	  	 	283,643,000	  	  	 	408,451,000	  
	 6/20/2009
	  	 	340,246,000	  	  	 	283,117,000	  	  	 	407,650,000	  
	 7/20/2009
	  	 	339,847,000	  	  	 	282,587,000	  	  	 	406,845,000	  
	 8/20/2009
	  	 	339,446,000	  	  	 	282,056,000	  	  	 	406,036,000	  
	 9/20/2009
	  	 	339,043,000	  	  	 	281,521,000	  	  	 	405,223,000	  
	 10/20/2009
	  	 	338,638,000	  	  	 	280,984,000	  	  	 	404,406,000	  
	 11/20/2009
	  	 	338,231,000	  	  	 	280,445,000	  	  	 	403,584,000	  
	 12/20/2009
	  	 	337,822,000	  	  	 	279,902,000	  	  	 	402,759,000	  
	 1/20/2010
	  	 	337,411,000	  	  	 	279,357,000	  	  	 	401,930,000	  
	 2/20/2010
	  	 	336,998,000	  	  	 	278,809,000	  	  	 	401,096,000	  
	 3/20/2010
	  	 	336,582,000	  	  	 	278,259,000	  	  	 	400,258,000	  
	 4/20/2010
	  	 	336,165,000	  	  	 	277,705,000	  	  	 	399,416,000	  
	 5/20/2010
	  	 	335,746,000	  	  	 	277,149,000	  	  	 	398,570,000	  
	 6/20/2010
	  	 	335,324,000	  	  	 	276,590,000	  	  	 	397,720,000	  
	 7/20/2010
	  	 	334,901,000	  	  	 	276,029,000	  	  	 	396,865,000	  
	 8/20/2010
	  	 	334,475,000	  	  	 	275,464,000	  	  	 	396,006,000	  
	 9/20/2010
	  	 	334,047,000	  	  	 	274,897,000	  	  	 	395,143,000	  
	 10/20/2010
	  	 	333,617,000	  	  	 	274,327,000	  	  	 	394,275,000	  
	 11/20/2010
	  	 	333,185,000	  	  	 	273,754,000	  	  	 	393,403,000	  
	 12/20/2010
	  	 	332,751,000	  	  	 	273,178,000	  	  	 	392,527,000	  
	 1/20/2011
	  	 	332,314,000	  	  	 	272,599,000	  	  	 	391,646,000	  
	 2/20/2011
	  	 	331,876,000	  	  	 	272,018,000	  	  	 	390,761,000	  
	 3/20/2011
	  	 	331,435,000	  	  	 	271,433,000	  	  	 	389,872,000	  
	 4/20/2011
	  	 	330,992,000	  	  	 	270,846,000	  	  	 	388,978,000	  
	 5/20/2011
	  	 	330,546,000	  	  	 	270,255,000	  	  	 	388,080,000	  

													
	 	  	Scheduled Series	 	  	Scheduled Series	 	  	Scheduled Series	 
	 Date
	  	2007-1 Balance	 	  	2006-1 Balance	 	  	2005-1 Balance	 
	 6/20/2011
	  	 	330,099,000	  	  	 	269,662,000	  	  	 	387,177,000	  
	 7/20/2011
	  	 	329,649,000	  	  	 	269,065,000	  	  	 	386,269,000	  
	 8/20/2011
	  	 	329,197,000	  	  	 	268,466,000	  	  	 	385,357,000	  
	 9/20/2011
	  	 	328,743,000	  	  	 	267,864,000	  	  	 	384,441,000	  
	 10/20/2011
	  	 	328,286,000	  	  	 	267,259,000	  	  	 	383,520,000	  
	 11/20/2011
	  	 	327,828,000	  	  	 	266,650,000	  	  	 	382,594,000	  
	 12/20/2011
	  	 	327,367,000	  	  	 	266,039,000	  	  	 	381,664,000	  
	 1/20/2012
	  	 	326,903,000	  	  	 	265,424,000	  	  	 	380,729,000	  
	 2/20/2012
	  	 	326,437,000	  	  	 	264,807,000	  	  	 	379,789,000	  
	 3/20/2012
	  	 	325,969,000	  	  	 	264,186,000	  	  	 	378,845,000	  
	 4/20/2012
	  	 	325,499,000	  	  	 	263,563,000	  	  	 	377,896,000	  
	 5/20/2012
	  	 	325,026,000	  	  	 	262,936,000	  	  	 	376,942,000	  
	 6/20/2012
	  	 	324,551,000	  	  	 	262,306,000	  	  	 	375,984,000	  
	 7/20/2012
	  	 	324,074,000	  	  	 	261,673,000	  	  	 	375,020,000	  
	 8/20/2012
	  	 	323,594,000	  	  	 	261,036,000	  	  	 	374,052,000	  
	 9/20/2012
	  	 	323,112,000	  	  	 	260,397,000	  	  	 	373,079,000	  
	 10/20/2012
	  	 	322,627,000	  	  	 	259,754,000	  	  	 	372,101,000	  
	 11/20/2012
	  	 	322,140,000	  	  	 	259,109,000	  	  	 	371,119,000	  
	 12/20/2012
	  	 	321,650,000	  	  	 	258,459,000	  	  	 	370,131,000	  
	 1/20/2013
	  	 	321,158,000	  	  	 	257,807,000	  	  	 	369,138,000	  
	 2/20/2013
	  	 	320,664,000	  	  	 	257,152,000	  	  	 	368,141,000	  
	 3/20/2013
	  	 	320,167,000	  	  	 	256,493,000	  	  	 	367,138,000	  
	 4/20/2013
	  	 	319,668,000	  	  	 	255,830,000	  	  	 	366,131,000	  
	 5/20/2013
	  	 	319,166,000	  	  	 	255,165,000	  	  	 	365,118,000	  
	 6/20/2013
	  	 	318,661,000	  	  	 	254,496,000	  	  	 	364,100,000	  
	 7/20/2013
	  	 	318,154,000	  	  	 	253,824,000	  	  	 	363,078,000	  
	 8/20/2013
	  	 	317,645,000	  	  	 	253,149,000	  	  	 	362,050,000	  
	 9/20/2013
	  	 	317,133,000	  	  	 	252,470,000	  	  	 	361,017,000	  
	 10/20/2013
	  	 	316,618,000	  	  	 	251,787,000	  	  	 	359,979,000	  
	 11/20/2013
	  	 	316,101,000	  	  	 	251,102,000	  	  	 	358,935,000	  
	 12/20/2013
	  	 	315,582,000	  	  	 	250,413,000	  	  	 	357,887,000	  
	 1/20/2014
	  	 	315,059,000	  	  	 	249,720,000	  	  	 	356,833,000	  
	 2/20/2014
	  	 	314,534,000	  	  	 	249,024,000	  	  	 	355,774,000	  
	 3/20/2014
	  	 	314,007,000	  	  	 	248,324,000	  	  	 	354,709,000	  
	 4/20/2014
	  	 	313,477,000	  	  	 	247,621,000	  	  	 	353,640,000	  
	 5/20/2014
	  	 	312,944,000	  	  	 	246,915,000	  	  	 	352,564,000	  
	 6/20/2014
	  	 	312,408,000	  	  	 	246,205,000	  	  	 	351,484,000	  
	 7/20/2014
	  	 	311,870,000	  	  	 	245,491,000	  	  	 	350,398,000	  
	 8/20/2014
	  	 	311,329,000	  	  	 	244,774,000	  	  	 	349,307,000	  
	 9/20/2014
	  	 	310,786,000	  	  	 	244,053,000	  	  	 	348,210,000	  
	 10/20/2014
	  	 	310,239,000	  	  	 	243,329,000	  	  	 	347,108,000	  
	 11/20/2014
	  	 	309,690,000	  	  	 	242,601,000	  	  	 	346,000,000	  
	 12/20/2014
	  	 	309,138,000	  	  	 	241,869,000	  	  	 	344,887,000	  
	 1/20/2015
	  	 	308,584,000	  	  	 	241,134,000	  	  	 	343,768,000	  
	 2/20/2015
	  	 	308,027,000	  	  	 	240,395,000	  	  	 	342,644,000	  
	 3/20/2015
	  	 	307,467,000	  	  	 	239,652,000	  	  	 	341,514,000	  
	 4/20/2015
	  	 	306,904,000	  	  	 	238,906,000	  	  	 	340,378,000	  
	 5/20/2015
	  	 	306,338,000	  	  	 	238,156,000	  	  	 	339,237,000	  
	 6/20/2015
	  	 	305,769,000	  	  	 	237,402,000	  	  	 	338,090,000	  
	 7/20/2015
	  	 	305,198,000	  	  	 	236,644,000	  	  	 	336,937,000	  
	 8/20/2015
	  	 	304,624,000	  	  	 	235,883,000	  	  	 	335,778,000	  
	 9/20/2015
	  	 	304,047,000	  	  	 	235,118,000	  	  	 	334,614,000	  
	 10/20/2015
	  	 	303,467,000	  	  	 	234,349,000	  	  	 	333,444,000	  
	 11/20/2015
	  	 	302,884,000	  	  	 	233,576,000	  	  	 	332,268,000	  

													
	 	  	Scheduled Series	 	  	Scheduled Series	 	  	Scheduled Series	 
	 Date
	  	2007-1 Balance	 	  	2006-1 Balance	 	  	2005-1 Balance	 
	 12/20/2015
	  	 	302,298,000	  	  	 	232,799,000	  	  	 	331,086,000	  
	 1/20/2016
	  	 	301,709,000	  	  	 	232,019,000	  	  	 	329,898,000	  
	 2/20/2016
	  	 	301,118,000	  	  	 	231,234,000	  	  	 	328,704,000	  
	 3/20/2016
	  	 	300,523,000	  	  	 	230,446,000	  	  	 	327,504,000	  
	 4/20/2016
	  	 	299,925,000	  	  	 	229,653,000	  	  	 	326,298,000	  
	 5/20/2016
	  	 	299,325,000	  	  	 	228,857,000	  	  	 	325,087,000	  
	 6/20/2016
	  	 	298,721,000	  	  	 	228,056,000	  	  	 	323,869,000	  
	 7/20/2016
	  	 	298,115,000	  	  	 	227,252,000	  	  	 	322,645,000	  
	 8/20/2016
	  	 	297,505,000	  	  	 	226,444,000	  	  	 	321,415,000	  
	 9/20/2016
	  	 	296,892,000	  	  	 	225,631,000	  	  	 	320,179,000	  
	 10/20/2016
	  	 	296,276,000	  	  	 	224,815,000	  	  	 	318,936,000	  
	 11/20/2016
	  	 	295,658,000	  	  	 	223,994,000	  	  	 	317,688,000	  
	 12/20/2016
	  	 	295,036,000	  	  	 	223,170,000	  	  	 	316,433,000	  
	 1/20/2017
	  	 	294,411,000	  	  	 	222,341,000	  	  	 	315,172,000	  
	 2/20/2017
	  	 	293,782,000	  	  	 	221,508,000	  	  	 	313,904,000	  
	 3/20/2017
	  	 	293,151,000	  	  	 	220,671,000	  	  	 	312,631,000	  
	 4/20/2017
	  	 	292,517,000	  	  	 	219,830,000	  	  	 	311,351,000	  
	 5/20/2017
	  	 	291,879,000	  	  	 	218,984,000	  	  	 	310,064,000	  
	 6/20/2017
	  	 	291,238,000	  	  	 	218,134,000	  	  	 	308,771,000	  
	 7/20/2017
	  	 	290,594,000	  	  	 	217,280,000	  	  	 	307,472,000	  
	 8/20/2017
	  	 	289,947,000	  	  	 	216,422,000	  	  	 	306,166,000	  
	 9/20/2017
	  	 	289,296,000	  	  	 	215,560,000	  	  	 	304,853,000	  
	 10/20/2017
	  	 	288,643,000	  	  	 	214,693,000	  	  	 	303,534,000	  
	 11/20/2017
	  	 	287,986,000	  	  	 	213,822,000	  	  	 	302,209,000	  
	 12/20/2017
	  	 	287,325,000	  	  	 	212,946,000	  	  	 	300,877,000	  
	 1/20/2018
	  	 	286,662,000	  	  	 	212,066,000	  	  	 	299,538,000	  
	 2/20/2018
	  	 	285,995,000	  	  	 	211,182,000	  	  	 	298,192,000	  
	 3/20/2018
	  	 	285,325,000	  	  	 	210,293,000	  	  	 	296,840,000	  
	 4/20/2018
	  	 	284,651,000	  	  	 	209,400,000	  	  	 	295,481,000	  
	 5/20/2018
	  	 	283,974,000	  	  	 	208,502,000	  	  	 	294,115,000	  
	 6/20/2018
	  	 	283,294,000	  	  	 	207,600,000	  	  	 	292,742,000	  
	 7/20/2018
	  	 	282,610,000	  	  	 	206,694,000	  	  	 	291,363,000	  
	 8/20/2018
	  	 	281,923,000	  	  	 	205,782,000	  	  	 	289,976,000	  
	 9/20/2018
	  	 	281,232,000	  	  	 	204,867,000	  	  	 	288,583,000	  
	 10/20/2018
	  	 	280,538,000	  	  	 	203,946,000	  	  	 	287,183,000	  
	 11/20/2018
	  	 	279,840,000	  	  	 	203,022,000	  	  	 	285,775,000	  
	 12/20/2018
	  	 	279,139,000	  	  	 	202,092,000	  	  	 	284,361,000	  
	 1/20/2019
	  	 	278,435,000	  	  	 	201,158,000	  	  	 	282,939,000	  
	 2/20/2019
	  	 	277,727,000	  	  	 	200,219,000	  	  	 	281,511,000	  
	 3/20/2019
	  	 	277,015,000	  	  	 	199,276,000	  	  	 	280,075,000	  
	 4/20/2019
	  	 	276,300,000	  	  	 	198,327,000	  	  	 	278,632,000	  
	 5/20/2019
	  	 	275,581,000	  	  	 	197,374,000	  	  	 	277,182,000	  
	 6/20/2019
	  	 	274,859,000	  	  	 	196,417,000	  	  	 	275,725,000	  
	 7/20/2019
	  	 	274,133,000	  	  	 	195,454,000	  	  	 	274,260,000	  
	 8/20/2019
	  	 	273,404,000	  	  	 	194,487,000	  	  	 	272,788,000	  
	 9/20/2019
	  	 	272,670,000	  	  	 	193,514,000	  	  	 	271,309,000	  
	 10/20/2019
	  	 	271,934,000	  	  	 	192,537,000	  	  	 	269,822,000	  
	 11/20/2019
	  	 	271,193,000	  	  	 	191,555,000	  	  	 	268,328,000	  
	 12/20/2019
	  	 	270,449,000	  	  	 	190,569,000	  	  	 	266,826,000	  
	 1/20/2020
	  	 	269,701,000	  	  	 	189,577,000	  	  	 	265,317,000	  
	 2/20/2020
	  	 	268,949,000	  	  	 	188,580,000	  	  	 	263,800,000	  
	 3/20/2020
	  	 	268,194,000	  	  	 	187,578,000	  	  	 	262,276,000	  
	 4/20/2020
	  	 	267,434,000	  	  	 	186,572,000	  	  	 	260,744,000	  
	 5/20/2020
	  	 	266,671,000	  	  	 	185,560,000	  	  	 	259,205,000	  

													
	 	  	Scheduled Series	 	  	Scheduled Series	 	  	Scheduled Series	 
	 Date
	  	2007-1 Balance	 	  	2006-1 Balance	 	  	2005-1 Balance	 
	 6/20/2020
	  	 	265,904,000	  	  	 	184,543,000	  	  	 	257,658,000	  
	 7/20/2020
	  	 	265,134,000	  	  	 	183,521,000	  	  	 	—  	  
	 8/20/2020
	  	 	264,359,000	  	  	 	182,494,000	  	  			
	 9/20/2020
	  	 	263,581,000	  	  	 	181,462,000	  	  			
	 10/20/2020
	  	 	262,798,000	  	  	 	180,425,000	  	  			
	 11/20/2020
	  	 	262,012,000	  	  	 	179,382,000	  	  			
	 12/20/2020
	  	 	261,222,000	  	  	 	178,334,000	  	  			
	 1/20/2021
	  	 	260,428,000	  	  	 	177,281,000	  	  			
	 2/20/2021
	  	 	259,630,000	  	  	 	176,223,000	  	  			
	 3/20/2021
	  	 	258,828,000	  	  	 	—  	  	  			
	 4/20/2021
	  	 	258,022,000	  	  				  			
	 5/20/2021
	  	 	257,211,000	  	  				  			
	 6/20/2021
	  	 	256,397,000	  	  				  			
	 7/20/2021
	  	 	255,579,000	  	  				  			
	 8/20/2021
	  	 	254,757,000	  	  				  			
	 9/20/2021
	  	 	253,930,000	  	  				  			
	 10/20/2021
	  	 	253,100,000	  	  				  			
	 11/20/2021
	  	 	252,265,000	  	  				  			
	 12/20/2021
	  	 	251,426,000	  	  				  			
	 1/20/2022
	  	 	250,583,000	  	  				  			
	 2/20/2022
	  	 	249,736,000	  	  				  			
	 3/20/2022
	  	 	—Amended and Restated Property Management and Servicing Agreement

 Exhibit 10.2 
 EXECUTION COPY 
  

 
 SPIRIT MASTER FUNDING, LLC

 as Issuer, 
 and 
 EACH JOINING PARTY 

each, as Issuer, 

SPIRIT FINANCE CORPORATION 
 as Property Manager and Special Servicer 
 and 

MIDLAND LOAN SERVICES, INC. 
 as Back-Up Manager 
  

 
 AMENDED AND
RESTATED 
 PROPERTY MANAGEMENT AND SERVICING AGREEMENT 

Dated as of March 17, 2006 
  

 
 Net-Lease
Mortgage Notes 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.01.
	 	 Defined Terms
	  	 	1	  
	 Section 1.02.
	 	 Other Definitional Provisions
	  	 	28	  
	 Section 1.03.
	 	 Certain Calculations in Respect of the Leases and the Mortgage Loans
	  	 	29	  
	 Section 1.04.
	 	 Fee Calculations; Interest Calculations
	  	 	30	  
		
	 ARTICLE II REPRESENTATIONS AND WARRANTIES; RECORDINGS AND FILINGS; BOOKS AND RECORDS; DEFECT, BREACH, CURE,
REPURCHASE AND SUBSTITUTION; FINANCIAL COVENANTS
	  	 	31	  
			
	 Section 2.01.
	 	 Representations and Warranties of Spirit Finance and the Back-Up Manager
	  	 	31	  
	 Section 2.02.
	 	 Representations and Warranties of the Issuers
	  	 	34	  
	 Section 2.03.
	 	 Recordings and Filings; Books and Records
	  	 	35	  
	 Section 2.04.
	 	 Repurchase or Transfer for Collateral Defects and Breaches of Representations and Warranties
	  	 	37	  
	 Section 2.05.
	 	 Non-Petition Agreement
	  	 	39	  
		
	 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGED PROPERTIES AND LEASES
	  	 	40	  
			
	 Section 3.01.
	 	 Administration of the Mortgaged Properties, Leases and Mortgage Loans
	  	 	40	  
	 Section 3.02.
	 	 Collection of Lease Payments and Loan Payments; Lockbox Accounts; Lockbox Transfer Accounts
	  	 	41	  
	 Section 3.03.
	 	 Collection of Real Estate Taxes and Insurance Premiums; Servicing Accounts; Property Protection Advances; Emergency Property
Expenses
	  	 	42	  
	 Section 3.04.
	 	 Collection Account; Release Account
	  	 	46	  
	 Section 3.05.
	 	 Withdrawals From the Collection Account and the Release Account
	  	 	48	  
	 Section 3.06.
	 	 Investment of Funds in the Collection Account and the Release Account
	  	 	49	  
	 Section 3.07.
	 	 Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage
	  	 	50	  
	 Section 3.08.
	 	 Enforcement of Alienation Clauses; Consent to Assignment
	  	 	53	  
	 Section 3.09.
	 	 Realization Upon Specially Serviced Assets
	  	 	54	  
	 Section 3.10.
	 	 Issuers, Custodian and Indenture Trustee to Cooperate; Release of Lease Files and Loan Files
	  	 	57	  
	 Section 3.11.
	 	 Servicing Compensation; Interest on Property Protection Advances
	  	 	58	  
	 Section 3.12.
	 	 Property Inspections; Collection of Financial Statements; Delivery of Certain Reports
	  	 	61	  
	 Section 3.13.
	 	 Annual Statement as to Compliance
	  	 	62	  

							
	 Section 3.14.
	 	 Reports by Independent Public Accountants
	  	 	62	  
	 Section 3.15.
	 	 Access to Certain Information; Delivery of Certain Information
	  	 	63	  
	 Section 3.16.
	 	 Appraisals After a Property Protection Event; Title to REO Property
	  	 	63	  
	 Section 3.17.
	 	 Management of REO Properties and Mortgaged Properties relating to Defaulted Assets
	  	 	64	  
	 Section 3.18.
	 	 Sale and Exchange of Mortgage Loans, Leases and Mortgaged Properties
	  	 	65	  
	 Section 3.19.
	 	 Modifications, Waivers, Amendments and Consents
	  	 	66	  
	 Section 3.20.
	 	 Transfer of Servicing Between Property Manager and Special Servicer; Record Keeping
	  	 	68	  
	 Section 3.21.
	 	 Sub-Management Agreements
	  	 	68	  
		
	 ARTICLE IV REPORTS
	  	 	71	  
			
	 Section 4.01.
	 	 Reports to the Issuers, the Indenture Trustee and the Insurers
	  	 	71	  
	 Section 4.02.
	 	 Use of Agents
	  	 	72	  
		
	 ARTICLE V THE PROPERTY MANAGER AND THE SPECIAL SERVICER
	  	 	72	  
			
	 Section 5.01.
	 	 Liability of the Property Manager and the Special Servicer
	  	 	72	  
	 Section 5.02.
	 	 Merger, Consolidation or Conversion of the Property Manager and the Special Servicer
	  	 	72	  
	 Section 5.03.
	 	 Limitation on Liability of the Property Manager, the Special Servicer and the Back-Up Manager; Environmental
Liabilities
	  	 	73	  
	 Section 5.04.
	 	 Term of Service; Property Manager and Special Servicer Not to Resign
	  	 	74	  
	 Section 5.05.
	 	 Rights of Certain Persons in Respect of the Property Manager and the Special Servicer
	  	 	75	  
	 Section 5.06.
	 	 [Reserved]
	  	 	76	  
	 Section 5.07.
	 	 Property Manager or Special Servicer as Owner of Notes
	  	 	76	  
		
	 ARTICLE VI SERVICER REPLACEMENT EVENTS
	  	 	77	  
			
	 Section 6.01.
	 	 Servicer Replacement Events
	  	 	77	  
	 Section 6.02.
	 	 Back-Up Manager
	  	 	80	  
	 Section 6.03.
	 	 Additional Remedies of the Issuers and the Indenture Trustee upon a Servicer Replacement Event
	  	 	82	  
		
	 ARTICLE VII TRANSFERS AND EXCHANGES OF MORTGAGED PROPERTIES AND MORTGAGE LOANS BY THE APPLICABLE ISSUERS; RELEASE OF
MORTGAGED PROPERTIES AND MORTGAGE LOANS BY THE APPLICABLE ISSUERS
	  	 	83	  
			
	 Section 7.01.
	 	 Released Mortgage Loans and Released Mortgaged Properties
	  	 	83	  
	 Section 7.02.
	 	 Third Party Purchase Options; Release of Mortgaged Properties to Affiliates under Defaulted or Delinquent Assets; Other Sales or
Exchanges
	  	 	85	  
	 Section 7.03.
	 	 Transfer of Lease to New Mortgaged Property
	  	 	86	  

							
	 ARTICLE VIII TERMINATION
	  	 	86	  
			
	 Section 8.01.
	 	 Termination Upon Repurchase or Liquidation of All Mortgaged Properties or Discharge of Indenture
	  	 	86	  
		
	 ARTICLE IX MISCELLANEOUS PROVISIONS
	  	 	87	  
			
	 Section 9.01.
	 	 Amendment
	  	 	87	  
	 Section 9.02.
	 	 Counterparts
	  	 	87	  
	 Section 9.03.
	 	 GOVERNING LAW
	  	 	87	  
	 Section 9.04.
	 	 Notices
	  	 	87	  
	 Section 9.05.
	 	 Severability of Provisions
	  	 	89	  
	 Section 9.06.
	 	 Effect of Headings and Table of Contents
	  	 	89	  
	 Section 9.07.
	 	 Notices to Insurers and Rating Agencies
	  	 	89	  
	 Section 9.08.
	 	 Successors and Assigns: Beneficiaries
	  	 	90	  
	 Section 9.09.
	 	 Complete Agreement
	  	 	90	  
	 Section 9.10.
	 	 Certain Rights of Insurers; Insurer Default
	  	 	90	  
	 Section 9.11.
	 	 Consent to Jurisdiction
	  	 	90	  
	 Section 9.12.
	 	 No Proceedings
	  	 	91	  

 EXHIBITS 

 

			
	EXHIBIT A-l	  	MORTGAGED PROPERTY SCHEDULE
		
	EXHIBIT A-2	  	MORTGAGE LOAN SCHEDULE
		
	EXHIBIT B	  	FORM OF REQUEST FOR RELEASE — PROPERTY MANAGER
		
	EXHIBIT C	  	FORM OF REQUEST FOR RELEASE — SPECIAL SERVICER
		
	EXHIBIT D	  	FORM OF LIMITED POWERS OF ATTORNEY FROM ISSUER OR INDENTURE TRUSTEE
		
	EXHIBIT E	  	CALCULATION OF FIXED CHARGE COVERAGE RATIOS
		
	EXHIBIT F	  	FORM OF DETERMINATION DATE REPORT
		
	EXHIBIT G	  	FORM OF JOINDER AGREEMENT
		
	EXHIBIT H	  	SCHEDULE OF MORTGAGE LOANS AND LEASES SUBJECT TO INSURER NOTICE AND CONSENT
		
	EXHIBIT I	  	INDENTURE

 This AMENDED AND RESTATED PROPERTY MANAGEMENT AND SERVICING AGREEMENT, dated as of March 17,
2006 (this “Agreement”) is made among Spirit Master Funding, LLC, as an issuer (an “Issuer”), each Joining Party, each as an issuer (each, an “Issuer”), Spirit Finance
Corporation (“Spirit Finance”), as property manager and special servicer (together with its successors in such capacities, the “Property Manager” and “Special Servicer,”
respectively), and Midland Loan Services, Inc., as Back-Up Manager (together with its successors in such capacity, the “Back-Up Manager”). 
 PRELIMINARY STATEMENT 
 As of each Series Closing Date, the Issuers own the
Mortgaged Properties and related Leases as indicated on Exhibit A-l and the Mortgage Loans as indicated on Exhibit A-2. Spirit Finance has agreed to provide property management services with respect to the Mortgaged Properties and to
service the Leases and the Mortgage Loans. Upon the issuance of each Series of Notes under the Indenture, each of the Issuers will pledge its right, title and interest in and to the Mortgaged Properties, Leases and Mortgage Loans owned by it to the
Indenture Trustee as security for the indebtedness evidenced by the Indenture and each Series of Notes issued under the Indenture and for payment of amounts owed to each respective Insurer under each Insurance Agreement and the Indenture.

 ARTICLE I 
 DEFINITIONS 
 Section 1.01. Defined Terms. 

Whenever used in this Agreement, including in the Preliminary Statement, the words and phrases set forth below, unless the context
otherwise requires, shall have the meanings specified in this Section 1.01. Capitalized terms used in this Agreement, including the Preliminary Statement, and not defined herein, unless the context otherwise requires, shall have the
respective meanings specified in Section 1.01 of the Indenture (as defined below). 
 “30/360
Basis”: The accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months. 

“Account Control Agreement”: An agreement with respect to a deposit account or a securities account, in form and
substance satisfactory to each Insurer and the Indenture Trustee, pursuant to which the institution at which such account is maintained agrees to follow the instructions or entitlement orders, as the case may be, of the Indenture Trustee with
respect thereto. 
 “Additional Servicing Compensation”: Property Manager Additional Servicing
Compensation and Special Servicer Additional Servicing Compensation. 

 “Advance Interest”: Interest accrued on any Property Protection
Advance at the Reimbursement Rate and payable to the Property Manager or the Back-Up Manager, as the case may be. each in accordance with Section 3.11(e). 
 “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 Amended and Restated Property Management and Servicing Agreement and all amendments hereof and
supplements hereto. 
 “Aggregate Collateral Value”: On any date of determination, the sum of the
Collateral Values of the Mortgage Loans and Mortgaged Properties (that do not otherwise secure Mortgage Loans) that are included in the Collateral Pool. 
 “Aggregate Note Principal Balance”: For any date of determination, and any Series, the sum of the Class Principal Balances of each Class of Notes of such Series. 

“Aggregate Series Principal Balance”: On any date of determination, the sum of the Aggregate Note Principal
Balances of each Series, in each case after giving effect to any payments of principal on such date. 
 “Allocated
Collateral Amount”: For any Mortgage Loan or Mortgaged Property (that does not otherwise secure a Mortgage Loan) at any time, the product of (i) the Collateral Value of such Mortgage Loan or Mortgaged Property, as applicable,
multiplied by (ii) a fraction, the numerator of which is the Aggregate Series Principal Balance at such time and the denominator of which is the Aggregate Collateral Value. 

“Appraised Value”: For any Mortgaged Property included in the Collateral Pool or securing a Mortgage Loan
included in the Collateral Pool as of a Series Closing Date, an appraised value determined pursuant to an independent MAI appraisal in accordance with the Uniform Standards of Professional Appraisal Practice and which takes into account the leased
fee value of the related buildings and land of such Mortgaged Property, consistent with industry standards, and excludes the value of equipment and other tangible personal property and business enterprise value, and (1) with respect to any
Mortgage Loan included in the Collateral Pool as of such Series Closing Date, is the most recent full narrative (complete summary) or limited scope (limited restricted) MAI appraisal obtained by the Property Manager with respect to the related
Mortgaged Property, (2) with respect to any Mortgaged Property included in the Collateral Pool as of such Series Closing Date, is the most recent full narrative (complete summary) or limited scope (limited restricted) MAI appraisal obtained by
the Property Manager with respect to such Mortgaged Property, (3) with respect to any Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property, is either (a) a full narrative (complete summary) MAI appraisal or
(b) with respect to a related Mortgaged Property operated within the Restaurant Business Sector (as defined in the Indenture), a limited scope (limited restricted) MAI appraisal obtained 

  
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within 12 months prior to the date such Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property is pledged as part of the Collateral Pool, or (4) at any time subsequent
to such Series Closing Date, in accordance with the Servicing Standard, the Property Manager or Special Servicer determines that obtaining a new Appraised Value is necessary, a full narrative (complete summary) or, with respect to a related
Mortgaged Property operated within the Restaurant Business Sector, limited scope (limited restricted) MAI appraisal obtained by the Property Manager or the Special Servicer with respect to such Mortgaged Property. 

“Asset File”: A Loan File or a Lease File, as the context requires. 

“Assignment of Leases”: With respect to any Mortgage Loan, any assignment of leases, rents and profits or similar
document or instrument executed by the Borrower in connection with the origination or subsequent modification or amendment of the related Mortgage Loan. 
 “Authorized Officer”: With respect to an Issuer, any person who is authorized to act for such Issuer and who is identified on the list delivered by such Issuer to the Indenture
Trustee on each Series Closing Date (as such list may be modified or supplemented from time to time thereafter). With respect to an Insurer, the president, any vice president, or any other officer customarily performing functions similar to those
performed by the persons who at the time shall be such officers. 
 “Available Amount”: The Available
Amount on any Payment Date will consist of the aggregate of all amounts received in respect of the Collateral Pool during the immediately preceding Collection Period and on deposit in the Collection Account on the immediately preceding Determination
Date, including amounts earned, if any, on the investment of funds on deposit in the Collection Account and the Release Account during the immediately preceding Collection Period, Unscheduled Proceeds, amounts received on account of payments under
any Guaranties, and any amounts received on account of payments under the Performance Undertakings and the Environmental Indemnity Agreements, and upon the termination of any Sweep Period, any amounts released from the Cashflow Coverage Reserve
Account, but excluding (i) amounts on deposit in the Release Account and not transferred to the Collection Account for such Payment Date, (ii) the amount of any collections allocated to Companion Loans, if any, as provided in the
applicable Pari Passu Co-Lender Agreements, (iii) the amount of any Additional Servicing Compensation, (iv) amounts received on account of Excess Cashflow (so long as no Early Amortization Event has occurred and is continuing),
(v) amounts withdrawn from the Collection Account to reimburse the Property Manager or the Back-Up Manager, as applicable, for any unreimbursed Property Protection Advances (plus Advance Interest thereon) and to pay the Property Management Fee,
the Back-Up Fee, any Special Servicing Fee, Workout Fees or Liquidation Fees and any Emergency Property Expenses, (vi) amounts required to be paid by the applicable Issuer as the lessor under the related Leases in respect of sales taxes,
(vii) any amount received from a Tenant or Borrower as reimbursement for any cost paid by or on behalf of the applicable Issuer as lessor or lender under a related Lease or Mortgage Loan, as applicable, and (viii) any amounts collected by
or on behalf of the Issuer and held in escrow or impound as lender or lessor to pay future obligations due under a Mortgage Loan or Lease, as applicable. 

  
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 “Average Cashflow Coverage Ratio”: On any date of
determination, the average of the Cashflow Coverage Ratios for the Determination Dates for the Collection Period most recently ended and each of the two Collection Periods immediately preceding such Collection Period; provided,
however, that until the occurrence of the third Determination Date after the most recent Series Closing Date, the Average Cashflow Coverage Ratio shall be the average of the Cashflow Coverage Ratios for the Determination Dates for all
Collection Periods ended since such Series Closing Date. 
 “Back-Up Fee”:
With respect to each Mortgage Loan and each Lease, the fee payable to the Back-Up Manager pursuant to Section 3.11(h). 

“Back-Up Fee Rate”: With respect to each Mortgage Loan and each
Mortgaged Property, a fixed percentage rate equal to 0.005% per annum. 
 “Back-Up
Manager”: Midland Loan Services, Inc., a Delaware corporation, or its successor in interest. 

“Back-Up Servicing Transfer Date”: As defined in Section 6.02(b). 

“Balloon Loan”: Mortgage Loans which have substantial payments of principal due at their stated
maturities. 
 “Bankruptcy Code”: The federal Bankruptcy Code of 1978, Title 11 of the
United States Code, as amended from time to time. 
 “Borrower”: The obligor or obligors on a Mortgage
Note, including any Person that has acquired the related Collateral and assumed the obligations of the original Obligor under the Mortgage Note. 
 “Business Day”: Any day other than a Saturday, a Sunday or a day on which banking institutions are authorized or obligated by law or executive order to remain closed in New York,
New York, Scottsdale, Arizona, or any other city in which is located the principal office of an Issuer, the Primary Servicing Office of the Property Manager or the Special Servicer or the Indenture Trustee’s Office. 

“Cashflow Coverage Ratio”: With respect to any Determination Date and the Collateral Pool, the ratio, expressed
as a fraction, the numerator of which is the sum of the Monthly Loan Payments and the Monthly Lease Payments received during the Collection Period ending on the related Determination Date, plus any income earned from the investment of funds on
deposit in the Collection Account and the Release Account in Permitted Investments during the immediately preceding Collection Period, plus any net payments due to any Issuer under the applicable hedge agreements for any Series of Notes for the
related Payment Date and received during the Collection Period ending on the related Determination Date, and the denominator of which is the Total Debt Service for such Determination Date. 

“Cashflow Coverage Reserve Account”: As defined in the Indenture. 

  
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 “CERCLA”: The Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended. 
 “Change of Control”: Either the acquisition of the beneficial
ownership (within the meaning of Rule 13d-3 of the Exchange Act) of 35% or more of the common stock of Spirit Finance by a single Person or group of related Persons or the sale of all or substantially all of the assets of Spirit Finance. 

“Class Principal Balance”: As defined in the Indenture. 

“Code”: The Internal Revenue Code of 1986, as amended. 

“Collateral”: As defined in the Indenture. 

“Collateral Agent”: As defined in the Indenture. 

“Collateral Defect”: As defined in Section 2.04(a). 

“Collateral Pool”: As defined in the Indenture. 

“Collateral Value”: As defined in the Indenture. 

“Collection Account”: The segregated account or accounts created and maintained by the Property Manager in the
name of the Indenture Trustee, held on behalf of the Noteholders, for the collection of payments on the Mortgage Loans and Leases. 
 “Collection Account Agreement”: As defined in Section 3.04(a). 
 “Collection Account Bank”: As defined in Section 3.04(a). 
 “Collection Period”: With respect to any Payment Date, the period commencing immediately after the Determination Date in the month preceding the month in which such Payment Date
occurs (or, in the case of the initial Payment Date with respect to any Series of Notes, commencing on the applicable Series Closing Date) and ending with the Determination Date related to such Payment Date. 

“Companion Loans”: A mortgage loan secured by a Mortgaged Property held, on a pari passu basis with
the applicable Issuer, by parties other than such Issuer. 
 “Condemnation Proceeds”: All proceeds
received in connection with the condemnation of, or granting an easement on, any Mortgaged Property other than proceeds applied to the restoration of such Mortgaged Property or released to the related Tenant or Borrower in accordance with the
Servicing Standard. 
 “Control Person”: With respect to any Person, anyone that constitutes a
“controlling person” of such Person within the meaning of the Securities Act of 1933, as amended. 

  
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 “Controlling Party”: As defined in the Indenture.

 “Corrected Lease”: Any Lease that had been a Specially Serviced Lease but with respect to which
(a) as of the date of determination, no circumstance identified in clauses (a) through (e) of the definition of the term “Specially Serviced Lease” then exists and (b) one or more of the following as are applicable
occur: 
  

	 	(i)	with respect to the circumstances described in clause (a) of the definition of the term “Specially Serviced Lease”, the related Tenant has made three
consecutive full and timely Monthly Lease Payments under the terms of such Lease (as such terms may be changed or modified in connection with a bankruptcy or similar proceeding involving the related Tenant or by reason of a modification, waiver or
amendment granted or agreed to by the Special Servicer) or such Lease has been terminated and the related Mortgaged Property has been re-leased; 

  

	 	(ii)	with respect to the circumstances described in clauses (b) or (c) of the definition of the term “Specially Serviced Lease”, such circumstances cease
to exist in the good faith and reasonable judgment of the Special Servicer; 

  

	 	(iii)	with respect to the circumstances described in clause (d) of the definition of the term “Specially Serviced Lease”, such default is cured; and

  

	 	(iv)	with respect to the circumstances described in clause (e) of the definition of the term “Specially Serviced Lease”, such proceedings are terminated.

 “Corrected Mortgage Loan”: Any Mortgage Loan that had been a Specially
Serviced Mortgage Loan but with respect to which (a) as of the date of determination, no circumstance identified in clauses (a) through (e) of the definition of the term “Specially Serviced Mortgage Loan” then exists and
(b) one or more of the following as are applicable occur: 
  

	 	(i)	with respect to the circumstances described in clause (a) of the definition of the term “Specially Serviced Mortgage Loan”, the related Borrower has made
three consecutive full and timely Monthly Loan Payments under the terms of such Mortgage Loan (as such terms may be changed or modified in connection with a bankruptcy or similar proceeding involving the related Borrower or by reason of a
modification, waiver or amendment granted or agreed to by the Special Servicer) or such Mortgage Loan has been terminated and the related Mortgaged Property has been re-leased; 

 

	 	(ii)	with respect to the circumstances described in clauses (b) or (c) of the definition of the term “Specially Serviced Mortgage Loan”, such
circumstances cease to exist in the good faith and reasonable judgment of the Special Servicer; 

  
 -6-

	 	(iii)	with respect to the circumstances described in clause (d) of the definition of the term “Specially Serviced Mortgage Loan”, such default is cured; and

  

	 	(iv)	with respect to the circumstances described in clause (e) of the definition of the term “Specially Serviced Mortgage Loan”, such proceedings are
terminated. 

 “Cure Party”: (i) With respect to any Mortgaged Property
or Mortgage Loan acquired by the applicable Issuer pursuant to the Purchase and Sale Agreements or any Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property substituted for any such Mortgage Loan or Mortgaged Property by the
applicable Originator, such Originator; (ii) with respect to any Mortgage Loan, Mortgaged Property, Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan acquired by the applicable Issuer from a third party, such Issuer;
and (iii) with respect to the obligations of such Originator or such Issuer in the case of each of the foregoing clauses (i) and (ii), Spirit Finance in its capacity as Support Provider under the applicable Performance Undertaking.

 “Custodian”: As defined in the Indenture. 

“Custodian Inventory List”: As defined in the Custody Agreement. 

“Custody Agreement”: The Amended and Restated Custody Agreement, dated as of March 17, 2006, among the
Issuers, the Indenture Trustee and the Custodian, as the same may be amended from time to time. 
 “Default
Interest”: With respect to any (i) Lease, any amounts collected thereon (other than late payments, late payment charges or amounts representing the Third Party Option Price paid by the related the Tenant) that represent penalty
interest accrued at the rate specified in the related lease agreement and (ii) Mortgage Loan, any amounts collected thereon (other than late payments, late payment charges or Yield Maintenance Premiums) that represent penalty interest in excess
of interest on the principal balance of such Mortgage Loan accrued at the related Interest Rate. 
 “Defaulted
Asset”: Any Mortgage Loan or Lease included in the Collateral Pool, with respect to which a default (other than with respect to a Delinquent Asset) occurs that materially and adversely affects the interests of the applicable Issuer and that
continues unremedied for the applicable grace period under the terms of such Mortgage Loan or Lease (or, if no grace period is specified, for 30 days). 
 “Defaulting Party”: As defined in Section 6.01(b).  
 “Deficiency”: As defined in Section 4.0l (c). 

“Delinquent Asset”: Any Mortgage Loan or Lease included in the Collateral Pool (other than a Defaulted Asset),
with respect to which any Monthly Loan Payment or Monthly Lease Payment, as applicable, becomes delinquent for 60 or more consecutive days. 

  
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 “Determination Date”: With respect
to any Payment Date, the 7th day of the month in which
such Payment Date occurs or, if such 7th day is not a
Business Day, the Business Day immediately succeeding such 7th day. 
 “Determination Date Report”: As defined in
Section 4.01(a). 
 “Due Date”: With respect to any Mortgage Loan or Lease, the day of each
calendar month on which the Monthly Loan Payment or Monthly Lease Payment, as applicable, with respect thereto is due. 

“Early Amortization Event”: As defined in the Indenture. 

“Eligible Account”: Any of (i) a segregated account maintained with a federal-or state-chartered depository
institution or trust company, the long-term deposit or long-term unsecured debt obligations of which (or of such institution’s parent holding company) are rated “A2” or better by Moody’s, “A” or better by each other
Rating Agency other than S&P, and “AA-” or better by S&P, if the deposits are to be held in the account for more than 30 days, or the short-term deposit or short-term unsecured debt obligations of which (or of such
institution’s parent holding company) are rated “P-l” by Moody’s, “F-l” by Fitch and “A-l” by S&P, if the deposits are to be held in the account for 30 days or less, in any event at any time funds are on
deposit therein, (ii) a segregated trust account maintained with a federal- or state-chartered depository institution or trust company acting in its fiduciary capacity, which, in the case of a state-chartered depository institution or trust
company is subject to regulations regarding fiduciary funds on deposit therein substantially similar to 12 C.F.R. § 9.10(b), and which, in either case, has a combined capital and surplus of at least $50,000,000 and is subject to supervision or
examination by federal or state authority, (iii) an account or accounts maintained with PNC Bank (A) so long as PNC Bank’s long-term unsecured debt rating shall be at least (x) “Al” by Moody’s and “A” by
S&P (if the deposits are to be held in the account for more than 30 days) and (y) “A” by Fitch, or (B) so long as PNC’s short-term deposit or short-term unsecured debt rating shall be at least (x) “P-l” by
Moody’s and “A-l” by S&P (if the deposits are to be held in the account for 30 days or less) and (y) “Fl” by Fitch, or (iv) any other account that is acceptable to the Rating Agencies and each Insurer (as
evidenced by written confirmation from such Rating Agencies and each Insurer). Eligible Accounts may bear interest. 

“Emergency Property Expenses”: As defined in Section 3.03(e).  

“Environmental Indemnity Agreement”: As defined in the Indenture. 

“Environmental Insurer”: Any Qualified Insurer that issues Environmental Policies relating to any of the Mortgage
Loans or Mortgaged Properties. 
 “Environmental Policy”: Any insurance policy issued by
an Environmental Insurer, together with any endorsements thereto, providing insurance coverage for losses, with respect to certain Mortgage Loans or Mortgaged Properties, caused by the presence of hazardous substances on, or the migration of
hazardous substances from, the related Mortgaged Properties. 

  
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 “Equipment Loan”: Any commercial equipment loan
secured by equipment used in the operation of a Mortgaged Property and listed on the Mortgage Loan Schedule. 

“Escrow Payment”: Any payment received by the Property Manager or the Special Servicer for the account of any
Obligor or otherwise deposited in the Servicing Account for application toward the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items in respect of the related Mortgaged Property.

 “Event of Default”: As defined in the Indenture. 

“Excess Cashflow”: As defined in the Indenture. 

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

“Extraordinary Expense”: As defined in the Indenture. 

“Fair Market Value”: With respect to any Mortgaged Property or Mortgage Loan secured by a Mortgaged Property, at
any time, a price determined by the Property Manager (or by the Special Servicer with respect to a Specially Serviced Asset) in accordance with the Servicing Standard and Section 7.01(b). 

“FDIC”: Federal Deposit Insurance Corporation or any successor. 

“Financing Statement”: A financing statement either filed or recorded or in a form suitable for filing and
recording under the Uniform Commercial Code. 
 “Fixed Charge Coverage Ratio” or
“FCCR”: The fixed charge coverage ratio for a Tenant determined in accordance with the provisions of Exhibit E attached hereto. 
 “FNMA”: Federal National Mortgage Association or any successor. 
 “GAAP”: Generally accepted accounting principles as in effect in the United States, consistently applied, as of the date of such application. 

“Grant”: As defined in the Indenture. 

“Granting Clause”: The Granting Clause set forth in the Indenture. 

“Ground Lease”: With respect to any Mortgaged Property, the lease agreement, if any, between the Ground Lessor
thereof and the applicable Issuer with respect to the land comprising such Mortgaged Property. 
 “Ground
Lessor”: The fee owner (or intermediate lessor) of the land with respect to any Mortgaged Property which is subject to a Ground Lease. 
 “Guaranty”: With respect to any Lease or Mortgage Loan, the guaranty, if any, related to such Lease or Mortgage Loan executed by an individual or an Affiliate or parent of the
Tenant or Borrower, as applicable, in favor of the lessor or the lender, as applicable. 

  
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 “Hazardous Materials”: As defined in the Indenture.

 “Indenture”: The Amended and Restated Master Indenture, dated as of March 17, 2006, between the
Issuers and the Indenture Trustee, relating to the issuance of the Notes, including all amendments and supplements thereto and any additional indenture between the Indenture Trustee and any Issuer. 

“Indenture Trustee”: Citibank, N.A., a national banking association, in its capacity as indenture trustee under
the Indenture, or its successor in interest or any successor indenture trustee appointed as provided in the Indenture. 

“Indenture Trustee Fee”: As defined in the Indenture. 

“Independent”: When used with respect to any specified Person, any such Person who (i) is in fact
independent of the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager, the Special Servicer and any and all of their respective Affiliates, (ii) does not have any direct financial interest in or any material indirect
financial interest in any of the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager, the Special Servicer or any of their respective Affiliates, and (iii) is not connected with the Issuers, the Issuer Members, the
Indenture-Trustee, the Property-Manager, the Special Servicer or any of their respective Affiliates as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions; provided, however,
that a Person shall not fail to be Independent of the Issuers, the Issuer Members, the Indenture Trustee, the Property Manager, the Special Servicer or any of their respective Affiliates merely because such Person is the beneficial owner of 1% or
less of any class of securities issued by any Issuer, any Issuer Member, the Indenture Trustee, the Property Manager, the Special Servicer or any of their respective Affiliates, as the case may be. 

“Industry Group”: Any industry sector including, but not limited to the following: (a) the
Retail Industry; (b) the Distribution Industry; and (c) the Services Industry. Additional Industry Groups may be indicated in the applicable Series Supplement. 
 “Initial Closing Date”: As defined in the Indenture. 

“Initial Purchaser”: Any underwriter that is an initial purchaser of the Notes, as set forth in the
applicable Series Supplement. 
 “Insurance Agreement”: With respect to any Series, as
defined in the Indenture. 
 “Insurance Policy”: With respect to any Series of Notes, as defined in the
Indenture. 
 “Insurer”: With respect to any Series of Notes, as defined in the Indenture. 

“Insurer Default”: With respect to any Series of Notes, as defined in the Indenture. 

  
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 “Interest Accrual Period”: With respect to each Due Date related to
any Mortgage Loan, the period specified in the related Loan Documents. 
 “Interest Rate”: With respect
to any Mortgage Loan, the annualized rate at which interest is scheduled (in the absence of a default) to accrue on such Mortgage Loan from time to time during any Interest Accrual Period in accordance with the related Mortgage Note and applicable
law, as such rate may be modified in accordance with Section 3.19 or in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower. 

“Interested Person”: The Issuers, the Issuer Members, the Property Manager, the Special Servicer, the Insurers,
any holder of Notes or an Affiliate of any such Person. 
 “Issuer”: Each of Spirit Master Funding, LLC,
a Delaware limited liability company, or its successor in interest, and any Joining Party or its successor in interest, as the context may require. References to a “related” or “applicable” Issuer shall refer to the Issuer that
owns the Collateral being addressed. 
 “Issuer Member”: The holder of the LLC Interests, which with
respect to Spirit Master Funding, LLC, on the date hereof, is Spirit Finance Acquisitions, LLC, a Delaware limited liability company; or its successor in interest and with respect to any Joining Party; as of the applicable Series Closing Date, shall
be indicated in the applicable Joinder Agreement. 
 “Joinder Agreement”: With respect to any Series of
Notes (other than the Series 2005-1 Notes), the Joinder Agreement, dated as of the applicable Series Closing Date, among the applicable Joining Party, the Property Manager, the Special Servicer and the Back-Up Manager, substantially in the form of
Exhibit G attached hereto. 
 “Joining Party”: Any Spirit SPE, as indicated in the applicable
Joinder Agreement. 
 “Land and Building Lease”: A lease pursuant to which land, buildings and other
improvements are leased by a Tenant from the related land and building lessor. 
 “Lease”: Each lease
listed on the Mortgaged Property Schedule from time to time. As used herein, the term “Lease” includes the related lease agreement and other documents contained in the related Lease File. 

“Lease Documents”: Any related lease agreement, non-disturbance agreement, guaranty or other agreement or
instrument, to the extent made for the benefit of the related Originator. 
 “Lease File”: As defined in
the Custody Agreement. 
 “Lease Security Deposit”: As defined in Section 3.03(a).

 “Lease Transfer Mortgaged Property”: As defined in Section 7.03. 

  
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 “Liquidated Lease”: A Defaulted Asset that is a Lease with respect
to which the related Mortgaged Property has been either re-leased or sold, or any Lease related to a Mortgaged Property purchased from the applicable Issuer or disposed of by such Issuer pursuant to an exchange, whether or not terminated because of
a default by the Tenant. 
 “Liquidation Fee”: The fee payable to the Special Servicer pursuant to
Section 3.11(g). 
 “Liquidation Fee Rate”: A percentage equal to 0.50%. 

“Liquidation Proceeds”: All cash proceeds and all other amounts (other than Property Insurance Proceeds and REO
Revenues) received by the applicable Issuer, the Property Manager, or the Special Servicer and retained in connection with the liquidation of any Mortgage Loan, Lease or Mortgaged Property relating to a Defaulted Asset; all cash proceeds from the
purchase or substitution of any Removed Mortgaged Property as described herein other than to the extent deposited into the Release Account; and all cash proceeds from the purchase or substitution of any Removed Mortgaged Property transferred from
the Release Account pursuant to Section 3.04(b). 
 “LLC Agreement”: With respect to the
Series 2005-1, Notes, the applicable Issuer’s amended and restated limited liability company agreement dated as of May 20, 2005, as the same may be amended from time to time in accordance with the terms thereto. With respect to any Series
of Notes (other than the Series 2005-1 Notes), the applicable Issuer’s limited liability company agreement as indicated in the applicable Joinder Agreement. 
 “LLC Interests”: The limited liability company interests issued pursuant to an LLC Agreement and held by the applicable Issuer Member. 

“Loan Agreement”: The agreement pursuant to which a Mortgage Loan was made. 

“Loan Documents”: With respect to each of the Mortgage Loans, the related Loan Agreement, if any, and Mortgage
Note, and any related Mortgage, Ground Lease or Land and Building Lease, as applicable, Guaranty or other agreement or instrument, to the extent made for the benefit of the related lender or holder of the Mortgage Note. 

“Loan File”: As defined in the Custody Agreement. 

“Lockbox Account”: The account or accounts created and maintained pursuant to Section 3.02(b). 

“Lockbox Account Bank”: As defined in Section 3.02(b). 

“Lockbox Transfer Account”: The account or accounts created and maintained pursuant to
Section 3.02(c). 
 “Lockbox Transfer Account Bank”: As defined in
Section 3.02(c). 

  
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 “MAI”: A designation signifying that the designee is a Member of the
Appraisal Institute. 
 “Modified Collateral Detail and Realized Loss Report”: As defined in Section
4.01(c). 
 “Monthly Lease Payment”: With respect to any Lease (except as otherwise described in the
Mortgaged Property Schedule), the fixed or “base” rent monthly lease payment that is actually payable by the related Tenant from time to time under the terms of such Lease (excluding any Percentage Rent), after giving effect to any
provision of such Lease providing for periodic increases in such fixed or “base” rent by fixed percentages or dollar amounts or by percentages based on increases in the Consumer Price Index. 

“Monthly Loan Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of principal and
interest on such Mortgage Loan that is or would be, as the case may be, payable by the related Borrower on each Due Date under the terms of the related Mortgage Note as in effect on the applicable Series Closing Date or, if otherwise applicable,
such date such Mortgage Loan was first included in the Collateral Pool, without regard to any subsequent change in or modification of such terms in connection with a bankruptcy or similar proceeding involving the related Borrower or a modification,
waiver or amendment of such Mortgage Loan granted or agreed to by the Special Servicer pursuant to Section 3.19, and assuming that each prior Monthly Loan Payment has been made in a timely manner. 

“Moody’s”: Moody’s Investors Service, Inc. 

“Mortgage”: With respect to any Mortgaged Property, a mortgage (or deed of trust or deed to secure debt),
assignment of leases and rents, security agreement and fixture filing or similar document executed by the applicable Issuer or the related Borrower, as applicable, pursuant to which such Issuer or Borrower grants a lien on its interest in such
Mortgaged Property in favor of the Collateral Agent or the initial lender of the related Mortgage Loan, as applicable. 

“Mortgage Loan”: Each fixed- and adjustable-rate, monthly pay, first lien, commercial mortgage loan (including
each Equipment Loan, as the context indicates), as listed on the Mortgage Loan Schedule and from time to time included in the Collateral Pool. 
 “Mortgage Loan Schedule”: The list of Mortgage Loans transferred to each Issuer as part of the Collateral Pool and attached hereto as Exhibit A-2 (as such list may be
amended upon each Series Closing Date and each Transfer Date, and otherwise be amended from time to time in accordance with the Transaction Documents). Such list shall set forth the following information with respect to each Mortgaged Property:

  

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

 

	 	(ii)	the related Issuer loan number and name of Borrower; 

  
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	 	(iii)	the Appraised Value of the related Mortgaged Property; and 

  

	 	(iv)	the Mortgage Loan’s maturity date, if applicable. 

 “Mortgage Note”: The original executed note evidencing the indebtedness of a Borrower under a Mortgage Loan, together with any rider, addendum or amendment thereto, or any renewal,
substitution or replacement of such note. 
 “Mortgaged Property”: Each parcel of real property listed
on the Mortgaged Property Schedule and from tune to time included in the Collateral Pool and each parcel of real property securing a Mortgage Loan, including the buildings, structures, fixtures (to the extent not property of the related Tenant),
additions, enlargements, extensions, modifications, repairs, replacements or improvements now or hereinafter erected or located on such parcel and appurtenant easements and other property rights relating thereto. 

“Mortgaged Property Schedule”: The list of Mortgaged Properties and Leases transferred to each Issuer as part of
the Collateral Pool and attached hereto as Exhibit A-l (as such list may be amended upon each Series Closing Date and each Transfer Date, and otherwise be amended from time to time in accordance with the Transaction Documents). Such list
shall set forth the following information with respect to each Mortgaged Property: 
  

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

 

	 	(ii)	the related Issuer lease number and name of Tenant; 

  

	 	(iii)	the Appraised Value; and 

  

	 	(iv)	the Lease’s final payment date. 

 “Net Default Interest”: With respect to any (i) Lease, any Default Interest collected thereon, net of any Advance Interest accrued on Property Protection Advances made in
respect of such Lease and reimbursable from such Default Interest in accordance with Section 2.11 of the Indenture and (ii) Mortgage Loan, any Default Interest collected thereon, net of any Advance Interest accrued on Property Protection
Advances made in respect of such Mortgage Loan and reimbursable from such Default Interest in accordance with Section 2.11 of the Indenture. 
 “Net Investment Earnings”: The amount by which the aggregate of all interest and other income realized during a Collection Period on funds held in the Collection Account and the
Release Account, if any, exceeds the aggregate of all losses, if any, incurred during such Collection Period in connection with the investment of such funds in accordance with Section 3.06. 

“Net Worth”: With respect to any Person, the excess of total assets of such Person, over total liabilities of
such Person, adding back accumulated depreciation but excluding the impact of “other comprehensive income”, all as determined in accordance with GAAP. 

  
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 “Nonrecoverable Property Protection Advance”: Any Property
Protection Advance previously made or to be made in respect of a Lease or Mortgage Loan that, as determined by the Property Manager in accordance with the Servicing Standard and Section 3.03(f) (or, if applicable, the Back-Up Manager in
its sole discretion in accordance with the Servicing Standard and Section 3.03(f)), will not be ultimately recoverable from late payments, Property Insurance Proceeds, Liquidation Proceeds or any other recovery on or in respect of such
Lease and the related Mortgaged Property or such Mortgage Loan (including any Monthly Lease Payments in respect of any Lease added to the Collateral upon any re-leasing of the related Mortgaged Property). 

“Note Registrar”: As defined in the Indenture. 

“Notes”: As defined in the Indenture. 
 “Noteholders”: As defined in the Indenture. 

“Obligor”: A Tenant or a Borrower, as the context requires. 

“Officer’s Certificate”: A certificate signed by a Servicing Officer of the Property Manager or-the-Special
Servicer or a Responsible Officer of the Indenture Trustee or the applicable Issuer Member on behalf of an Issuer, as the case may be, and with respect to any other Person, a certificate signed by the Chairman of the Board, the President, a Vice
President or Assistant Vice President, the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of such Person. 
 “Opinion of Counsel”: A written opinion of counsel (which shall be rendered by counsel that is Independent of the Issuers, the Issuer Members, the Indenture Trustee, the Property
Manager and the Special Servicer) in form and substance reasonably acceptable to and delivered to the addressees thereof. 

“Originators”: Collectively, each of Spirit Finance and its Affiliates which has sold one or more Mortgage Loans
or Mortgaged Properties to an Issuer pursuant to a Purchase and Sale Agreement or otherwise. 
 “OTS”:
The Office of Thrift Supervision or any successor thereto. 
 “Pari Passu Co-Lender Agreements”: Any
co-lender agreement relating to any Issuer acquiring Pari Passu Loans secured by Mortgaged Properties that also secure Companion Loans held by parties other than such Issuer. 
 “Pari Passu Loans”: Mortgage Loans secured by Mortgaged Properties that also secure on a pari passu basis any Companion Loans. 

“Participant”: The holder of a Participation Interest in any Participated Mortgage Loan. 

  
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 “Participant Distribution Account”: Any separate account or accounts
created and maintained by the Participant and held on behalf of the related Participant for pari passu payments due to the Participant. 
 “Participated Mortgage Loan”: Each Mortgage Loan that is subject to a Participation Interest. 
 “Participation Agreement”: A pari passu participation agreement, if any, between the applicable Issuer or the related Originator, as the initial noteholder, and the
Participant creating a Participation Interest in each Participated Mortgage Loan, as amended, restated or otherwise supplemented from time to time. 
 “Participation Interest”: A participation interest in a Participated Mortgage Loan created pursuant to a Participation Agreement. 

“Participation Interest Principal Balance”: With respect to any Participation Interest at any date of
determination, (a) the principal balance of such Participation Interest minus (b) the sum of (i) the principal portion of each Monthly Loan Payment due on the related Participated Mortgage Loan prior to such date of determination, if
received from the related Borrower and allocable to the related Participant, (ii) all voluntary and involuntary principal prepayments and other unscheduled collections of principal received with respect to the related Participated Mortgage Loan
and allocable to the related Participant, (iii) any adjustment thereto as a result of a reduction of principal by a bankruptcy court or as a result of a modification reducing the principal amount due on the related Participated Mortgage Loan to
the extent allocable to the Participant, and (iv) the principal portion of any realized loss attributable to such Participation Interest. 
 “Participation Interest Servicing Fee”: With respect to any Participation Interest, the portion of the servicing fees payable in respect of such Participation Interest. 

“Payment Account”: The segregated trust account established by the Indenture Trustee under the Indenture and
designated as the “Payment Account” thereunder. 
 “Payment Date”: As defined in the
Indenture. 
 “Payoff Amount”: An amount equal to the Collateral Value of any Mortgage Loan or Mortgaged
Property, as applicable, plus any due and unpaid Monthly Loan Payment(s) or Monthly Lease Payment(s), as applicable, and any unreimbursed Property Protection Advances (plus Advance Interest thereon), Emergency Property Expenses, Liquidation Fees,
Special Servicing Fees and Extraordinary Expenses, in each case related to such Mortgage Loan or Mortgaged Property or the related Lease. 
 “Percentage Rent”: With respect to any Lease, the rent thereunder, if any, calculated as a percentage of the total sales generated by the related Tenant at the related Mortgaged
Property in excess of (or in lieu of, as applicable) the Monthly Lease Payments as provided in the applicable Lease. 

  
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 “Performance Undertaking”: As defined in the Indenture. 

“Permitted Investments”: Any one or more of the following obligations or securities: 

 

	 	(i)	direct obligations of, or obligations fully guaranteed as to timely payment of principal and interest by, the United States of America or any agency or instrumentality
thereof; provided, that such obligations are backed by the full faith and credit of the United States of America and have a predetermined, fixed amount of principal due at maturity (that cannot vary or change) and that each such obligation
has a fixed interest rate or has its interest rate tied to a single interest rate index plus a single fixed spread; 

  

	 	(ii)	obligations of the following agencies or instrumentalities of the United States of America: the Export-Import Bank, the Farm Credit System Financial Assistance
Corporation, the Rural Economic Community Development Administration, the General Services Administration, the U.S. Maritime Administration, the Small Business Administration, the Government National Mortgage Association, the U.S. Department of
Housing & Urban Development, the Federal Housing Administration and the Federal Financing Bank; provided, that such obligations are backed by the full faith and credit of the United States of America, have a predetermined, fixed
amount of principal due at maturity (that cannot vary or change) and do not have an “r” highlight attached to any rating and that each such obligation has a fixed interest rate or has its interest rate tied to a single interest rate index
plus a single fixed spread; 

  

	 	(iii)	direct obligations of the following agencies or instrumentalities of the United States of America that are not backed by the full faith and credit of the United States:
the Resolution Funding Corporation, the Federal Home Loan Bank System (senior debt obligations only), the Federal National Mortgage Association (senior debt obligations rated “Aaa” by Moody’s and “AAA” by S&P only) or
the Federal Home Loan Mortgage Corporation (senior debt obligations rated “Aaa” by Moody’s and “AAA” by S&P only); provided, that such obligations have a predetermined amount of principal due at maturity (that
cannot vary or change) and do not have an “r” highlight attached to any rating and that each such obligation has a fixed interest rate or has its interest rate tied to a single interest rate index plus a single fixed spread;

  

	 	(iv)	 uncertificated certificates of deposit, time deposits and bankers’ acceptances having maturities of not more than 360 days, of any bank or trust
company organized under the laws of the United States of America or any state thereof; provided, that such items are rated in the highest short-term debt rating category of each Rating Agency or such lower rating (with the prior written
consent of each Insurer) as will not result in a qualification, downgrading or withdrawal of the rating then assigned to the 

  
 -17-

	 	
Notes by any Rating Agency without giving effect to any Insurance Policy (as evidenced in writing by each Rating Agency), do not have an “r” highlight affixed to its rating and have a
predetermined fixed amount of principal due at maturity (that cannot vary or change); 

  

	 	(v)	commercial paper (having original maturities of not more than 270 days) of any corporation incorporated under the laws of the United States of America or any state
thereof (or of any corporation not so incorporated; provided, that the commercial paper is denominated in United States dollars and amounts payable thereunder are not subject to any withholding imposed by any non-United States jurisdiction)
that is rated in the highest short-term debt rating category of each Rating Agency or such lower rating (with the prior written consent of each Insurer) as will not result in a qualification, downgrading or withdrawal of the rating then assigned to
the Notes by any Rating Agency without giving effect to any Insurance Policy (as evidenced in writing by each Rating Agency), does not have an “r” highlight affixed to its rating, has a predetermined fixed amount of principal due at
maturity (that cannot vary or change) and has a fixed interest rate or has its interest rate tied to a single interest rate index plus a single fixed spread, or any demand notes that constitute vehicles for commercial paper rated in the highest
unsecured commercial or finance company paper rating category of each Rating Agency; 

  

	 	(vi)	units of money market funds that have as one of their investment objectives the maintenance of a constant net asset value and that are rated in the highest applicable
rating category of each Rating Agency or such lower rating (with the prior written consent of each Insurer) as will not result in a qualification, downgrading or withdrawal of the rating then assigned to the Notes by any Rating Agency without giving
effect to any Insurance Policy (as evidenced in writing by each Rating Agency); and 

  

	 	(vii)	any other obligation or security acceptable to each Rating Agency and each Insurer, which will not result in a qualification, downgrading or withdrawal of the rating
then assigned to the Notes by any Rating Agency without giving effect to any Insurance Policy (as evidenced in writing by each Rating Agency); 

 provided, that (1) no investment described hereunder shall evidence either the right to receive (x) only interest with respect to such investment or (y) a yield to maturity greater
than 120% of the yield to maturity at par of the underlying obligations, (2) no investment described hereunder may be purchased at a price greater than par if such investment may be prepaid or called at a price less than its purchase price
prior to stated maturity (that cannot vary or change) and (3) such Permitted Investments are either (x) at all times available or (y) mature prior to the immediately succeeding Payment Date. 

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

“Primary Servicing Office”: The office of the Property Manager or the Special Servicer, as the context may
require, that is primarily responsible for such party’s servicing obligations hereunder. 
 “Principal
Prepayment”: Any payment of principal voluntarily made by the Borrower on a Mortgage Loan that is received in advance of its scheduled Due Date and that is not accompanied by an amount of interest (without regard to any Yield
Maintenance Premium that may have been collected) representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment. 
 “Prime Rate”: The “prime rate” published in the “Money Rates” section of The Wall Street Journal, as such “prime rate” may change from time to
time. If The Wall Street Journal ceases to publish the “prime rate,” then the Indenture Trustee shall select an equivalent publication that publishes such “prime rate”; and if such “prime rate” is no longer
generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Indenture Trustee shall select a comparable interest rate index. In either case, such selection shall be made by the Indenture
Trustee in its sole discretion and the Indenture Trustee shall notify the Property Manager and the Special Servicer in writing of its selection. 
 “Property Insurance Policy”: With respect to any Mortgage Loan and/or Mortgaged Property, any hazard insurance policy, flood insurance policy, title policy, Environmental Policy,
residual value insurance policy or other insurance policy that is maintained from time to time in respect of such Mortgage Loan and/or Mortgaged Property (including, without limitation, any blanket insurance policy maintained by or on behalf of the
applicable Issuer). 
 “Property Insurance Proceeds”: All proceeds received under any Property Insurance
Policy that provides coverage with respect to any Mortgaged Property or the related Mortgage Loan, if applicable. 

“Property Management Fee”: With respect to each Mortgage Loan and each Mortgaged Property owned by the Issuer,
the fee payable to the Property Manager pursuant to Section 3.11(a). 
 “Property Management Fee
Rate”: With respect to each Mortgage Loan and each Lease, a fixed percentage rate equal to 0.25% per annum. 

“Property Manager”: Spirit Finance, in its capacity as property manager under this Agreement, or any successor
property manager appointed as herein provided. 
 “Property Manager Additional Servicing Compensation”:
As defined in Section 3.11(b). 

  
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 “Property Protection Advances”: With respect to the Leases, the
Mortgage Loans and the Mortgaged Properties: 
 (i) All customary, reasonable and necessary out-of-pocket costs and expenses
incurred by the Property Manager (or, if applicable, the Back-Up Manager), in connection with servicing the Leases, the Mortgaged Properties and the Mortgage Loans, in accordance with the Servicing Standard and this Agreement, for the purpose of
paying real estate taxes, premiums on Property Insurance Policies (not already paid pursuant to Section 2.11 of the Indenture, as confirmed by the applicable Issuers) and other amounts necessary to preserve or maintain the security interest and
lien of the Indenture Trustee in, and value of, each related Mortgaged Property (including any costs and expenses necessary to re-lease such Mortgaged Property), Lease or Mortgage Loan (including costs and expenses related to collection efforts).

 (ii) All customary, reasonable and necessary out-of-pocket costs and expenses incurred by the Property Manager, the Back-Up
Manager or Special Servicer in connection with the servicing of a Mortgage Loan after a default, delinquency or other unanticipated event, or in connection with the administration of any REO Property, including, but not limited to, the cost of
(a) compliance with the obligations of the Property Manager or the Special Servicer set forth in Sections 2.04(c), 3.03(c) and 3.17(b), (b) the preservation, insurance, restoration, protection and management of any
Collateral, including the cost of any “force placed” insurance policy purchased by the Property Manager to the extent such cost is allocable to a particular item of Collateral that the Property Manager is required to cause to be insured
pursuant to Section 3.07(a), (c) obtaining any Liquidation Proceeds (insofar as such Liquidation Proceeds are of the nature described in the definition thereof) or Property Insurance Proceeds in respect of any Collateral or REO
Property, (d) any enforcement of judicial proceedings with respect to any Collateral, including foreclosures, and (e) the operation, management, maintenance and liquidation of any REO Property. Notwithstanding anything to the contrary,
“Property Protection Advances” shall not include allocable overhead of the Property Manager or the Special Servicer, such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses
and similar internal costs and expenses. 
 “Property Protection Event”: With respect to any Mortgaged
Property, a “Property Protection Event” will occur upon the making of any Property Protection Advance (other than as required in connection with the sale or re-leasing of such Mortgaged Property) with respect to such Mortgaged Property by
the Property Manager or the Back-Up Manager, as applicable, in an amount which, when added to the amount of all Property Protection Advances previously made with respect to such Mortgaged Property, exceeds the difference between (a) the Fair
Market Value of such Mortgaged Property at the time of such proposed Property Protection Advance and (b) 30% of the Collateral Value of such Mortgaged Property. 
 “Purchase and Sale Agreements”: As defined in the Indenture. 
 “Purchase Option Deficiency”: An amount equal to the deficiency, if any, between 125% of the Allocated Collateral Amount of a Mortgaged Property released in connection with a Third
Party Purchase Option and the related Third Party Option Price for such Mortgaged Property. 

  
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 “Purchase Premium”: As defined in Section 7.0l(c).

 “Qualified Insurer”: An insurance company or security or bonding company qualified to write the
related Property Insurance Policy in the relevant jurisdiction. 
 “Qualified Substitute Mortgage Loan”:
Any commercial real estate loan acquired by the applicable Issuer in substitution for a Released Mortgage Loan or with the proceeds (or a portion thereof) from the sale of a Released Mortgage Loan and which, as of the date of the acquisition
thereof, (i) is secured by a Qualified Substitute Mortgaged Property, (ii) has an unpaid principal balance not less than the unpaid principal balance of the Released Mortgage Loan, (iii) has an Interest Rate not more than one
percentage point less than such Released Mortgage Loan, (iv) complies with all of the representations and warranties originally made with respect to such Released Mortgage Loan under the Indenture (with each date therein referring to the date
of substitution), except to the extent the applicable Insurer, in its sole discretion, otherwise consents and 20 days’ prior written notice is given to the Rating Agencies, (v) pays interest and, if applicable, principal, on a monthly
basis, (vi) has been approved in writing by the Support Provider, (vii) has a maturity date that is not more than one year earlier than the related Released Mortgage Loan, (viii) if such Released Mortgage Loan is a Balloon Loan, has a
balloon payment that is not more than 10% larger than such Released Mortgage Loan’s balloon payment and (ix) has been approved in writing by the Series 2005-1 Insurer. If one or more of the foregoing criteria are not met, such substitute
commercial mortgage loan will be a Qualified Substitute Mortgage Loan if the Special Servicer considers the substitution of such substitute commercial mortgage loan to be in the best interest of the Noteholders and the Series 2005-1 Insurer so
consents. 
 “Qualified Substitute Mortgaged Property”: Any commercial real estate property acquired by
the applicable Issuer in substitution for a Released Mortgaged Property or with the proceeds (or a portion thereof) from the sale of a Released Mortgaged Property and which, as of the date of the acquisition thereof, (i) has a Fair Market Value
that, when combined with the Fair Market Value of all other Qualified Substitute Mortgaged Properties to be acquired by such Issuer in exchange for or with the proceeds from such Released Mortgaged Property and all cash payments in addition thereto,
is equal to or greater than the Fair Market Value of such Released Mortgaged Property, (ii) has a Collateral Value that, when combined with the Collateral Values of all other Qualified Substitute Mortgaged Properties to be acquired by such
Issuer in exchange for or with the proceeds from such Released Mortgaged Property and all cash payments in addition thereto, is equal to or greater than the Collateral Value of such Released Mortgaged Property, (iii) complies with all of the
representations and warranties originally made with respect to such Released Mortgaged Property under the Indenture (with each date therein referring to the date of substitution), except to the extent the applicable Insurer, in its sole discretion,
otherwise consents and 20 days’ prior written notice is given to the Rating Agencies, (iv) is leased to a Tenant who leased such Released Mortgaged Property, or to a different Tenant whose FCCR is greater than or equal to the greater of
the then-current FCCR and the FCCR at the applicable Series Closing Date of the Tenant who previously leased such Released Mortgaged Property, (v) has, together with all other Qualified Substitute Mortgaged Properties to be acquired by such
Issuer in exchange for or with the proceeds from such Released Mortgaged Property, the same or greater aggregate Monthly Lease Payment as the Released Mortgaged 

  
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Property, (vi) is leased pursuant to a Lease the term of which equals or exceeds the remaining term of the Lease of the Released Mortgaged Property, (vii) if the tenant thereof or any
third party has an option to purchase such Qualified Substitute Mortgaged Property, the contractual amount of such option price is no less than what the Allocated Collateral Amount of such Qualified Substitute Mortgaged Property would be after
giving effect to the substitution of such Mortgaged Property, (viii) has been approved in writing by the Support Provider, (ix) has been approved in writing by the Series 2005-1 Insurer and (x) is leased pursuant to a “triple
net” lease. If one or more of the foregoing criteria are not met, such substitute commercial real estate property will be a Qualified Substitute Mortgaged Property if the Special Servicer considers the substitution of such substitute commercial
real estate property to be in the best interest of the Noteholders, the Series 2005-1 Insurer so consents and subject to at least ten (10) Business Days notification to the Rating Agencies. 

“Rating Agency”: As defined in the Indenture. 

“Rating Condition”: As defined in the Indenture. 

“Reimbursement Rate”: The rate per annum applicable to the accrual of Advance Interest, which rate per annum is
equal to the Prime Rate. 
 “Release”: As defined in Section 7.01(a). 

“Release Account”: The segregated account established and maintained by the Indenture Trustee on behalf of the
Noteholders and the Issuers. 
 “Release Price”: As defined in Section 7.01(b). 

“Released Mortgage Loan”: As defined in Section 7.01(a). 

“Released Mortgaged Property”: As defined in Section 7.01(a). 

“Remittance Date”: The Business Day preceding each Payment Date. 

“Removed Mortgaged Property”: Each Third Party Option Mortgaged Property and each Lease Transfer Mortgaged
Property, released at any time from the lien of the Indenture. 
 “Rent-to-Sales Ratio”: With respect to
any Lease, a ratio, expressed as a percentage, (i) the numerator of which is the total Monthly Lease Payments required to be made pursuant to such Lease during the period described in the following clause (ii), and (ii) the denominator of
which is the aggregate amount of sales generated by the related Tenant at such Mortgaged Property during the last consecutive 12 month period for which such figures are available (or, if sales figures are not available for any 12 month period,
annualized sales based on the most recent information provided). 
 “REO Acquisition”: The acquisition
of any REO Property pursuant to Section 3.09. 

  
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 “REO Disposition”: The sale or other disposition of any REO Property
pursuant to Section 3.18. 
 “REO Property”: A Mortgaged Property acquired by or on behalf
of the Indenture Trustee through foreclosure, acceptance of a deed-in-lieu of foreclosure or otherwise in accordance with applicable law in connection with the default or imminent default of a Mortgage Loan. 

“REO Revenues”: All income, rents, profits and proceeds derived from the ownership, operation or leasing of any
REO Property. 
 “Request for Release”: A request signed by a Servicing Officer, as applicable, of the
Property Manager in the form of Exhibit B attached hereto or of the Special Servicer in the form of Exhibit C attached hereto. 
 “Requisite Global Majority”: As defined in the Indenture. 

“Responsible Officer”: When used with respect to any Issuer Member or the Indenture Trustee, any officer of such
Issuer Member or the Indenture Trustee, as the case may be (and, in the case of the Indenture Trustee, assigned to its Corporate Trust Services Group and customarily performing functions with respect to corporate trust matters), and with respect to
a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, in each case having direct responsibility for the administration of this Agreement.

 When used with respect to the Property Manager, the Back-Up Manager or the Special Servicer, any officer or employee involved
in or responsible for the administration or servicing of the Mortgage Loans, Leases or Mortgaged Properties under 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. 
 “Restaurant Concept”: With respect to single
tenant, operationally essential properties operated within the Restaurant Business Sector, any chain of properties that share substantially the same characteristics. 
 “S&P”: Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. 
 “Series”: Pursuant to the terms of the Indenture, any series of Notes, each of which is secured on a specified pro rata basis by the Collateral Pool, issuable by the
applicable Issuers. 
 “Series 2005-1 Controlling Party”: As defined in the Indenture. 

“Series 2005-1 Insurer”: Ambac Assurance Corporation, a Wisconsin-domiciled stock insurance corporation, or its
successor in interest. 
 “Series 2005-1 Notes”: As defined in the applicable Series Supplement.

  
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 “Series Closing Date”: As defined in the Indenture. 

“Series Supplement”: As defined in the Indenture. 

“Servicer Replacement Event”: The meaning specified in Section 6.01(a). 

“Servicing Account”: The segregated account or accounts created and maintained pursuant to
Section 3.03(a). 
 “Servicing Fees”: With respect to each Mortgage Loan, Mortgaged Property
and Lease, the Property Management Fee, the Back-Up Fee, the Special Servicing Fee, if any, and the Additional Servicing Compensation, if any. 
 “Servicing File”: Any documents (other than documents required to be part of the related Loan File or Lease File) in the possession of the Property Manager or the Special Servicer
and relating to the origination and servicing of any Mortgage Loan or Lease or the administration of any Mortgaged Property (including copies of all applicable Property Insurance Policies with respect thereto). 

“Servicing Officer”: Any officer or employee of the Property Manager or the Special Servicer involved in, or
responsible for, the administration, management and servicing of the Mortgaged Properties and Leases, whose name and specimen signature appear on a list of servicing officers furnished by such party to the applicable Issuer Members, the applicable
Issuers and the Indenture Trustee on each Series Closing Date, as such list may be amended from time to time. 

“Servicing Standard”: To provide property management services for the Mortgaged Properties and to service and
special service the Mortgage Loans and Leases on behalf of the applicable Issuers in accordance with applicable law, the terms of this Agreement, the terms of the respective Mortgage Loans and Leases and, to the extent consistent with the foregoing,
(x) in the same manner in which, and with the same care, skill, prudence and diligence with which, the Property Manager or the Special Servicer, as the case may be, (a) services and administers similar mortgage loans, leases and mortgaged
properties for other third party portfolios or (b) administers mortgage loans, leases and mortgaged properties for its own account or (y) in a manner normally associated with the servicing and administration of similar properties and in
material compliance with all applicable laws, whichever standard is highest, in all cases taking into account the best interests of the Noteholders and the Insurers, but without regard to: (i) any known relationship that the Property Manager or
Special Servicer, or an Affiliate of the Property Manager or Special Servicer, may have with any Issuer, any Originator, the Support Provider, any Tenant, any Borrower, any of their respective Affiliates or any other party to the Transaction
Documents; (ii) the ownership of any Note or LLC Interest by the Property Manager or Special Servicer or any Affiliate of the Property Manager or Special Servicer, as applicable; (iii) the Property Manager’s obligation to make
Property Protection Advances, to incur servicing expenses or to withdraw (or, in the event the Property Manager is Spirit Finance, to direct the Indenture Trustee to withdraw) funds from the Collection Account to pay Emergency Property Expenses with
respect to the Mortgage Loans, the Leases or the Mortgaged Properties; (iv) the Property Manager’s or Special Servicer’s right to receive compensation for its services or reimbursements of the costs under this Agreement; (v) the
ownership, or servicing or 

  
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management for others, by the Property Manager, the Special Servicer or any Originator or other Affiliate of any other leases or property; (vi) the repurchase and indemnification obligations
of the Originators or Support Provider; or (vii) the existence of any loans made to a Tenant by the Property Manager, the Special Servicer or Spirit Finance or any Affiliate of the Property Manager, the Special Servicer or Spirit Finance.

 “Servicing Transfer Agreement”: As defined in Section 5.04. 

“Servicing Transfer Date”: As defined in Section 5.04. 

“Servicing Transfer Event”: With respect to any Mortgaged Property, the occurrence of any of the events described
in clauses (a) through (e) of the definition of “Specially Serviced Lease.” With Respect to any Mortgage Loan, the occurrence of any of the events described in clauses (a) through (e) of the definition of
“Specially Serviced Mortgage Loan.” 
 “Special Servicer”: Spirit Finance, in its capacity as
special servicer under this Agreement, or any successor special servicer appointed as herein provided. 
 “Special
Servicer Additional Servicing Compensation”: As defined in Section 3.11(d). 
 “Special
Servicer Report”: As defined in Section 4.01(b). 
 “Special Servicing Fee”:
With respect to each Specially Serviced Asset, the fee designated as such and payable to the Special Servicer pursuant to the first paragraph of Section 3.11(c). 
 “Special Servicing Fee Rate”: With respect to each Specially Serviced Asset, a fixed percentage rate equal to 0.75% per annum. 

“Specially Serviced Asset”: A Specially Serviced Lease or a Specially Serviced Mortgage Loan. 

“Specially Serviced Lease”: Any Mortgaged Property as to which any of the following events has occurred:

 (a) any Monthly Lease Payment becomes delinquent 60 or more consecutive days; 

(b) the Property Manager determines in its good faith and reasonable judgment that a default in making a Monthly Lease Payment is likely
to occur within 30 days and is not likely to be remedied for 60 days; 
 (c) the Property Manager receives written notice from
the Tenant indicating that such Tenant cannot make future Monthly Lease Payments or requesting a reduction in the amount of its payment; 

  
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 (d) a default (other than as described in clause (a) above) occurs that materially and
adversely affects the interests of the Issuers and that continues unremedied for the applicable grace period under the terms of the Lease (or, if no grace period is specified, for 30 days); or 

(e) the related Tenant becomes insolvent, readjusts its debt, is subject to marshaling of assets and liabilities, or similar proceedings
in respect of the related Tenant occur, or as to which the related Tenant takes certain actions indicating its insolvency or its inability to pay its obligations or the Property Manager or the Special Servicer receives notice of commencement of
foreclosure or similar proceedings with respect to the related Mortgaged Property. 
 “Specially Serviced Mortgage
Loan”: Any Mortgage Loan as to which any of the following events has occurred: 
 (a) any Monthly Loan Payment
becomes delinquent 60 or more consecutive days; 
 (b) the Property Manager determines in its good faith and reasonable judgment
that a default in making a Monthly Loan Payment is likely to occur within 30 days and is not likely to be remedied for 60 days; 

(c) the Properly Manager receives written notice from the Borrower indicating that such Borrower cannot make future Monthly Loan Payments
or requesting a reduction in the amount of its payment; 
 (d) a default (other than as described in clause (a) above)
occurs that materially and adversely affects the interests of the Issuers and that continues unremedied for the applicable grace period under the terms of the Mortgage Loan (or, if no grace period is specified, for 30 days); or 

(e) the related Borrower becomes insolvent, readjusts its debt, is subject to marshaling of assets and liabilities, or similar
proceedings in respect of the related Borrower occur, or as to which the related Borrower takes certain actions indicating its insolvency or its inability to pay its obligations or the Property Manager or the Special Servicer receives notice of
commencement of foreclosure or similar proceedings with respect to the related Mortgaged Property. 
 “Spirit
Finance”: Spirit Finance Corporation, a Maryland corporation, and its successors and assigns. 
 “Spirit
SPE”: Any special purpose, bankruptcy remote subsidiary (direct or indirect) of Spirit Finance (other than any Originator). 
 “Sub-Manager”: Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement. 

“Sub-Management Agreement”: The written contract between the Property Manager or the Special Servicer, on the one
hand, and any Sub-Manager, on the other hand, 

  
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relating to servicing and administration of Mortgage Loans, Leases and Mortgaged Properties, as provided in Section 3.21. 

“Successor Property Manager”: As defined in Section 6.0l(b). 

“Successor Replacement Date”: As defined in Section 6.01(b). 

“Successor Special Servicer”: As defined in Section 6.01(b). 

“Support Provider”: Spirit Finance or any successor support provider. 

“Sweep Period”: As defined in the Indenture. 

“Tax Required Condition”: As defined in Section 7.01(a). 

“Tenant”: With respect to each Lease, the tenant under such Lease and any successor or assign thereof.

 “Third Party Option Mortgaged Property”: As defined in Section 7.02(a). 

“Third Party Option Price”: A cash price equal to the amount specified in a related Lease or other Lease Document
or Loan Document, as applicable, as payable by a Tenant or any other Person in connection with the exercise of a Third Party Purchase Option. 
 “Third Party Purchase Option”: An option of a Tenant or any other Person under or in connection with a Lease or related agreements to purchase the related Mortgaged Property before
or at the expiration of the Lease term for an amount equal to the Third Party Option Price. 
 “Title
Company”: As defined in Section 2.03(a). 
 “Title Insurance Policies”: As defined in
Section 2.03(a). 
 “Total Assets”: With respect to any Person, as of any date of determination,
the consolidated gross book value of all assets of such Person and its subsidiaries, calculated in accordance with GAAP. 

“Total Debt Service”: As defined in the Indenture. 

“Total Indebtedness”: With respect to any Person, as of any date of determination, (x) the aggregate
outstanding indebtedness of such Person secured by a first priority lien on real property and (y) borrowings that are not secured by any specific asset of the Person that rank senior as to preference over other indebtedness of such Person and
its subsidiaries, calculated on a consolidated basis in accordance with GAAP. 
 “Transfer Date”: The
date on which a Mortgage Loan or Mortgaged Property is acquired by the applicable Issuer. 
 “Transaction
Documents”: As defined in the Indenture. 

  
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 “Unscheduled Principal Payment”: On any Payment Date, the sum of
(a) the Unscheduled Proceeds deposited into the Collection Account for such Payment Date plus (b) any Purchase Option Deficiency from the related Collection Period, together with any unpaid Purchase Option Deficiency from any prior Payment
Date. 
 “Unscheduled Proceeds”: Collectively, Liquidation Proceeds, Condemnation Proceeds, Property
Insurance Proceeds, Release Prices and Purchase Premiums; provided, however, that any amounts which are on deposit in the Release Account shall not be deemed Unscheduled Proceeds until such amounts have been transferred to the
Collection Account and are available therein. 
 “Uniform Commercial Code”: The Uniform Commercial Code
as in effect in any applicable jurisdiction. 
 “Workout Fee”: With respect to each Corrected Mortgage
Loan and each Corrected Lease, the fee payable to the Special Servicer pursuant to Section 3.11(f). 

“Workout Fee Rate”: With respect to each Corrected Mortgage Loan and each Corrected Lease, a fixed percentage
rate equal to 0.50%. 
 “Yield Maintenance Premium”: With respect to any Mortgage Loan, any premium,
penalty or fee paid or payable, as the context requires, by a Borrower in connection with a Principal Prepayment on or other early collection of principal of a Mortgage Loan. 

Section 1.02. Other Definitional Provisions. 

(a) All terms defined in this Agreement shall have the defined meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein. 
 (b) As used in this Agreement and in any certificate or other document made
or delivered pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such certificate or other document, and accounting terms partly defined in this Agreement or in any such certificate or other document, to the extent
not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Agreement or in any such certificate or other document are inconsistent with the meanings of such terms under
GAAP, the definitions contained in this Agreement or in any such certificate or other document shall control. 
 (c) The words
“hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; Section and Exhibit references
contained in this Agreement are references to Sections and Exhibits in or to this Agreement unless otherwise specified; a reference to a subsection or other subdivision without further reference to a Section is a reference to such subsection or
other subdivision as contained in the Section in which the reference appears; and the words “include” and “including” shall mean without limitation by reason of enumeration. 

  
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 (d) The definitions contained in this Agreement are applicable to the singular as well as
the plural forms of such terms and to the masculine as well as the feminine and neuter genders of such terms. 
 (e) Any
agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in
the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; references to a Person are also to its permitted assignees. 

Section 1.03. Certain Calculations in Respect of the Leases and the Mortgage Loans. 

(a) All amounts collected in respect of any Lease in the form of payments from the related Tenants, Guaranties, Property Insurance
Proceeds or otherwise shall be applied to amounts due and owing under the Lease in accordance with the express provisions of such Lease, and all amounts collected in respect of any Mortgage Loan in the form of payments from the related Borrower,
Guaranties, Liquidation Proceeds or Property Insurance Proceeds shall be applied to amounts due and owing under the related Mortgage Note and Mortgage (including for principal and accrued and unpaid interest) in accordance with the express
provisions of the related Mortgage Note and Mortgage; in the absence of such express provisions, all amounts collected shall be applied for purposes of this Agreement: (i) with respect to amounts collected in respect to any Lease, first,
as a recovery of any related and unreimbursed Property Protection Advances, and second, in accordance with the Servicing Standard, but subject to Section 1.03(c), as a recovery of any other amounts then due and owing under such
Lease, including, without limitation, Percentage Rent and Default Interest; and (ii) with respect to amounts collected in respect of any Mortgage Loan, first, as a recovery of any related and unreimbursed Property Protection Advances,
second, as a recovery of accrued and unpaid interest at the related Interest Rate on such Mortgage Loan to but not including, as appropriate, the date of receipt or the Due Date in the Collection Period of receipt, third, as a recovery
of principal of such Mortgage Loan then due and owing, including by reason of acceleration of the Mortgage Loan following a default thereunder (or, if a liquidation event has occurred in respect of such Mortgage Loan, a recovery of principal to the
extent of its entire remaining unpaid principal balance), fourth, as a recovery of any Yield Maintenance Premium then due and owing under such Mortgage Loan, fifth, in accordance with the Servicing Standard, but subject to
Section 1.03(c), as a recovery of any other amounts then due and owing under such Mortgage Loan, including Default Interest, and sixth, as a recovery of any remaining principal of such Mortgage Loan to the extent of its entire
remaining unpaid principal balance. Any proceeds derived from an unleased Mortgaged Property (exclusive of related operating costs, including reimbursement of Property Protection Advances made by the Property Manager or the Back-Up Manager in
connection with the operation and disposition of such Mortgaged Property) shall be applied by the Property Manager in the same manner as if they were Monthly Lease Payments due on the previously existing Lease for such Mortgaged Property until such
Lease becomes a Liquidated Lease pursuant to the terms of such Lease and the related Lease Documents. With respect to any Companion Loan or Participated Mortgage Loan, the amounts collected in respect of such

  
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Mortgage Loan shall be allocated in accordance with the applicable Pari Passu Co-Lender Agreement or Participation Agreement therefor. 

(b) Collections in respect of each REO Property (exclusive of amounts to be applied to the payment of the costs of operating, managing,
maintaining and disposing of such REO Property) shall be treated: first, as a recovery of any related and unreimbursed Property Protection Advances; second, as a recovery of accrued and unpaid interest on the related Mortgage Loan at
the related Interest Rate to but not including the Due Date in the Collection Period of receipt; third, as a recovery of principal of the related Mortgage Loan to the extent of its entire unpaid principal balance; and fourth, in
accordance with the Servicing Standard, but subject to Section 1.03(c), as a recovery of any other amounts deemed to be due and owing in respect of the related Mortgage Loan. 

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

(d) The foregoing applications of amounts received in respect of any Lease, Mortgage Loan or REO Property shall be determined by the
Property Manager and reflected in the appropriate monthly Determination Date Report and any Modified Collateral Detail and Realized Loss Report. 
 (e) Notwithstanding the early termination of any Lease resulting from a default by the related Tenant, such Lease will be treated for purposes of determining Servicing Fees and Indenture Trustee Fees as
remaining in effect until such Lease becomes a Liquidated Lease. 
 Section 1.04. Fee Calculations;
Interest Calculations. 
 (a) The calculation of the Servicing Fees shall be made in accordance with
Section 3.11. All dollar amounts calculated hereunder shall be rounded to the nearest penny with one-half of one penny being rounded up. 
 (b) The amount of interest accrued on each Mortgage Loan during any Interest Accrual Period will be calculated in arrears on the basis of the Interest Rate for such Mortgage Loan and the accrual period
specified in the related Mortgage Note. 

  
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 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES; RECORDINGS AND FILINGS; BOOKS AND RECORDS; DEFECT, BREACH, CURE, REPURCHASE AND SUBSTITUTION; 
 FINANCIAL COVENANTS 
 Section 2.01. Representations and
Warranties of Spirit Finance and the Back-Up Manager. 
 (a) Spirit Finance represents and warrants to the other parties
hereto, and for the benefit of the Issuers, the Indenture Trustee on behalf of the Noteholders and the Insurers, as of each Series Closing Date: 
 (i) Spirit Finance is a corporation duly organized, validly existing, and in good standing under the laws of the State of Maryland and is in compliance with the laws of each state (within the United
States of America) in which any Mortgaged Property is located to the extent necessary to its performance under this Agreement; 
 (ii) The execution and delivery of this Agreement by Spirit Finance, and the performance and compliance with the terms of this Agreement by Spirit Finance, do not violate its organizational documents or
constitute an event that, with notice or lapse of time, or both, would constitute a default under, or result in the breach of, any material agreement or other instrument to which it is a party or by which it is bound; 

(iii) Spirit Finance has the corporate power and authority to enter into and consummate all transactions to be performed
by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement, and has duly executed and delivered this Agreement; 

(iv) This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a
valid, legal and binding obligation of Spirit Finance, enforceable against Spirit Finance in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting
the enforcement of creditors’ rights generally and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law; 

(v) Spirit Finance is not in violation of, and its execution and delivery of this Agreement and its performance and
compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which
violation is likely to affect materially and adversely either the ability of Spirit Finance to perform its obligations under this Agreement or the financial condition of Spirit Finance; 

  
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 (vi) No litigation is pending or, to Spirit Finance’s knowledge,
threatened against Spirit Finance that is reasonably likely to be determined adversely to Spirit Finance and, if determined adversely to Spirit Finance, would prohibit Spirit Finance from entering into this Agreement or that, in Spirit
Finance’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability, of Spirit Finance to perform its obligations under this Agreement or the financial condition of Spirit Finance; 

(vii) No consent, approval, authorization or order under any court or governmental agency or body is required for the
execution, delivery and performance by Spirit Finance of, or the compliance by Spirit Finance with, this Agreement or the consummation of the transactions of Spirit Finance contemplated by this Agreement, except for any consent, approval,
authorization or order that has been obtained or that if not obtained would not have a material and adverse affect on the ability of Spirit Finance to perform its obligations hereunder; and 

(viii) Each officer and employee of Spirit Finance that has responsibilities concerning the management, servicing and
administration of Mortgaged Properties, Leases and Mortgage Loans is covered by errors and omissions insurance and the fidelity bond as and to the extent required by Section 3.07(c). 

(b) The representations and warranties of Spirit Finance set forth in Section 2.01 (a) shall survive the execution and
delivery of this Agreement and shall inure to the benefit of the Persons to whom and for whose benefit they were made until all amounts owed to the Noteholders and the Insurers under or in connection with this Agreement, the Indenture, the Notes and
the Insurance Agreements have been indefeasibly paid in full. Upon discovery by any party hereto of any breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice to the other
parties. 
 (c) Any successor Property Manager or Special Servicer shall be deemed to have made, as of the date of its
succession, each of the representations and warranties set forth in Section 2.01 (a), subject to such appropriate modifications to the representation and warranty set forth in Section 2.01(a)(i) to accurately reflect such
successor’s jurisdiction of organization and whether it is a corporation, partnership, bank, association or other type of organization. 
 (d) The Back-Up Manager represents and warrants to the other parties hereto, and for the benefit of the Issuers, the Indenture Trustee on behalf of the Noteholders and the Insurers, as of each Series
Closing Date: 
 (i) The Back-Up Manager is a corporation duly organized, validly existing, and in good standing
under the laws of the State of Delaware and is in compliance with the laws of each state (within the United States of America) in which any Mortgaged Property is located to the extent necessary to its performance under this Agreement; 

  
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 (ii) The execution and delivery of this Agreement by the Back-Up Manager,
and the performance and compliance with the terms of this Agreement by the Back-Up Manager, do not violate its organizational documents or constitute an event that, with notice or lapse of time, or both, would constitute a default under, or result
in the breach of, any material agreement or other instrument to which it is a party or by which it is bound; 

(iii) The Back-Up Manager has the corporate power and authority to enter into and consummate all transactions to be
performed by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement, and has duly executed and delivered this Agreement; 

(iv) This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a
valid, legal and binding obligation of the Back-Up Manager, enforceable against the Back-Up Manager in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws
affecting the enforcement of creditors’ rights generally and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law; 

(v) The Back-Up Manager is not in violation of, and its execution and delivery of, this Agreement and its performance and
compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which
violation is likely to affect materially and adversely either the ability of the Back-Up Manager to perform its obligations under this Agreement or the financial condition of the Back-Up Manager; 

(vi) No litigation is pending or, to the Back-Up Manager’s knowledge, threatened against the Back-Up Manager that is
reasonably likely to be determined adversely to the Back-Up Manager and, if determined adversely to the Back-Up Manager, would prohibit the Back-Up Manager from entering into this Agreement or that, in the Back-Up Manager’s good faith and
reasonable judgment, is likely to materially and adversely affect either the ability of the Back-Up Manager to perform its obligations under this Agreement or the financial condition of the Back-Up Manager; 

(vii) No consent, approval, authorization or order under any court or governmental agency or body is required for the
execution, delivery and performance by the Back-Up Manager of, or the compliance by the Back-Up Manager with, this Agreement or the consummation of the transactions contemplated by the Back-Up Manager by this Agreement, except for any consent,
approval, authorization or order that has been obtained or that if not obtained would not have a material and adverse affect on the ability of the Back-Up Manager to perform its obligations hereunder; and 

  
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 (viii) Each officer and employee of the Back-Up Manager that has
responsibilities concerning the management, servicing and administration of the Mortgaged Properties, Leases and Mortgage Loans is covered by errors and omissions insurance and the fidelity bond as and to the extent required by
Section 3.07(c). 
 Section 2.02. Representations and Warranties of the Issuers.

 (a) Each Issuer hereby represents and warrants to each of the other parties hereto and for the benefit of the Indenture
Trustee, on behalf of the Noteholders and the Insurers as of each Series Closing Date on or after the date on which such Issuer becomes a party to this Agreement: 

(i) Such Issuer is a limited liability company duly organized, validly existing, and in good standing under the laws of
the State of Delaware and is in compliance with the laws of each state (within the United States of America) in which any applicable Mortgaged Property is located to the extent necessary to its performance under this Agreement; 

(ii) The execution and delivery of this Agreement by such Issuer, and the performance and compliance with the terms of
this Agreement by such Issuer, do not violate its organizational documents or constitute an event that, with notice or lapse of time, or both, would constitute a default under, or result in the breach of, any material agreement or other instrument
to which it is a party or by which it is bound; 
 (iii) Such Issuer has the limited liability company power and
authority to enter into and consummate all transactions to be performed by it contemplated by this Agreement, has duly authorized the execution, delivery and performance by it of this Agreement and any applicable Joinder Agreement, and has duly
executed and delivered this Agreement and any applicable Joinder Agreement; 
 (iv) This Agreement, assuming due
authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal and binding obligation of such Issuer, enforceable against such Issuer in accordance with the terms hereof, subject to (A) applicable
bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’ rights generally and (B) general principles of equity, regardless of whether such enforcement is considered in a
proceeding in equity or at law; 
 (v) Such Issuer is not in violation of, and its execution and delivery of,
this Agreement or any applicable Joinder Agreement and its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of
any federal, state or local governmental or regulatory authority, which violation is likely to affect materially and adversely either the ability of such 

  
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Issuer to perform its obligations under this Agreement or the financial condition of such Issuer; 
 (vi) No litigation is pending or, to such Issuer’s knowledge, threatened against such Issuer that is reasonably likely to be determined adversely to such Issuer and, if determined adversely to such
Issuer, would prohibit such Issuer from entering into this Agreement or that, in such Issuer’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability of such Issuer to perform its obligations under
this Agreement or the financial condition of such Issuer; 
 (vii) No consent, approval, authorization or order
under any court or governmental agency or body is required for the execution, delivery and performance by such Issuer of, or the compliance by such Issuer with, this Agreement or the consummation of the transactions of such Issuer contemplated by
this Agreement, except for any consent, approval, authorization or order that has been obtained or that if not obtained would not have a material and adverse affect on the ability of such Issuer to perform its obligations hereunder; 

(viii) Each officer and employee of such Issuer that has responsibilities concerning the management, servicing and
administration of the applicable Mortgaged Properties, Leases and Mortgage Loans is covered by errors and omissions insurance and the fidelity bond as and to the extent required by Section 3.07(c); and 

(ix) To such Issuer’s knowledge, each of the Mortgaged Properties owned by such Issuer or securing a Mortgage Loan
owned by such Issuer is a commercial property and is operated for commercial purposes. 
 (b) The representations and warranties
of each Issuer set forth in Section 2.02(a) shall survive the execution and delivery of this Agreement and shall inure to the benefit of the Persons to whom and for whose benefit they were made for so long as such Issuer remains in
existence. Upon discovery by any party hereto of any breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice to the other parties. 

Section 2.03. Recordings and Filings; Books and Records. 

(a) In connection with the Grant made by the Issuers to the Indenture Trustee pursuant to the Granting Clause of the Indenture, each
Issuer shall cause the delivery of the applicable Lease Files for the Leases and the applicable Loan Files for the applicable Mortgage Loans to the Custodian in accordance with the Custody Agreement for the benefit of the Indenture Trustee in
furtherance of such Grant and such Issuer shall cause: (i) with respect to the Mortgaged Properties owned by such Issuer (A) each Mortgage, Financing Statement and continuation statement referred to in the definition of “Lease
File” in the Custody Agreement to be submitted to the appropriate Title Company (as defined below) on or before the applicable 

  
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Series Closing Date or Transfer Date for recording or filing, as the case may be, in the appropriate public office for real property records or for Financing Statements, at the expense of such
Issuer and (B) each title insurance binder or commitment referred to in the definition of “Lease File” in the Custody Agreement to be issued as a final title insurance policy by the title companies (the “Title
Companies”) issuing the same (the “Title Insurance Policies”); and (ii) with respect to the Mortgage Loans owned by such Issuer, promptly (and in any event within 60 days following the applicable Series
Closing Date or Transfer Date) each assignment of Mortgage in favor of the Collateral Agent referred to in clauses (v) and (vi) of the definition of “Loan File” in the Custody Agreement and each Financing Statement on Form UCC-2
and UCC-3 in favor of the Collateral Agent referred to in clause (iii) of such definition to be submitted for recording or filing, as the case may be, in the appropriate public office for real property records or for Financing Statements. Each
such assignment and each Mortgage shall reflect that, following recording, it should be returned by the public recording office to the Custodian, on behalf of the Indenture Trustee (or to the Property Manager (or its designee), who shall then
deliver such recorded document to the Custodian), and each such Financing Statement shall reflect that the file copy thereof should be returned to the Custodian, for the benefit of the Indenture Trustee (or to the Property Manager (or its designee),
who shall then deliver such filed document to the Custodian) following filing; provided, that in those instances where the public recording office retains the original Mortgage, assignment of Mortgage and assignment of Assignment of Leases,
the Property Manager, on behalf of the Indenture Trustee, shall obtain there from a certified copy of the recorded original. Each of the Title Companies issuing the Title Insurance Policies shall be instructed by the applicable Issuer to deliver
such policies to the Custodian, for the benefit of the Indenture Trustee. The Property Manager, on behalf of the Indenture Trustee, shall use reasonable efforts to diligently pursue with the Title Companies the return of each of the Mortgages,
assignments of Mortgage and Financing Statements from the appropriate recording or filing offices and the delivery of the Title Insurance Policies by the related Title Companies. If any such document or instrument is lost or returned unrecorded or
unfiled, as the case may be, because of a defect therein, the applicable Issuer shall promptly prepare and cause to be executed a substitute therefor or cure such defect, as the case may be, and thereafter, such Issuer shall cause the same to be
duly recorded or filed, as appropriate. The Property Manager shall file any continuation statements necessary to continue the effectiveness of the Financing Statements. 
 (b) Each Issuer shall deliver to and deposit with, or cause to be delivered to and deposited with, the Property Manager all documents and records in the possession of such Issuer or any related
Originators that relate to the applicable Mortgaged Properties, Leases and Mortgage Loans and that are not required to be a part of a Lease File or a Loan File in accordance with the definition thereof, and the Property Manager shall hold all such
documents and records in trust on behalf of the Indenture Trustee (in hard copy or electronic format). The Property Manager’s possession of such documents and records shall be at the will of the related Issuer and the Indenture Trustee for the
sole purpose of facilitating the servicing of the applicable Leases, Mortgage Loans and Mortgaged Properties pursuant to this Agreement and such possession by the Property Manager shall be in a custodial capacity only on behalf of the Indenture
Trustee. The ownership of such documents and records shall be vested in each Issuer, as applicable, subject to the lien of the Indenture, and the ownership of all documents and records with respect to the applicable Leases, Mortgage Loans and
Mortgaged Properties 

  
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that are prepared by or which come into possession of the Property Manager or the Special Servicer shall immediately vest in such Issuer, subject to the lien of the Indenture, and shall be
delivered to and deposited with the Property Manager, in the case of documents or records in the hands of the Special Servicer, and retained and maintained in trust by the Property Manager in such custodial capacity only on behalf of the Indenture
Trustee, except as otherwise provided herein. All such documents and records shall be appropriately maintained in a manner to clearly reflect the ownership of such documents and records by the applicable Issuers, subject to the lien of the
Indenture, and that such documents and records are being held on behalf of the Indenture Trustee, and the Property Manager shall release such documents and records from its custody only in accordance with this Agreement. 

(c) [Reserved]. 

(d) The Property Manager shall monitor the delivery of the Lease Files and the Loan Files to the Custodian, for the benefit of the
Indenture Trustee. 
 Section 2.04. Repurchase or Transfer for Collateral Defects and Breaches of
Representations and Warranties. 
 (a) If any party hereto discovers that any document required to be
included in any Loan File or Lease File is missing (after the date it is required to be delivered) or otherwise deficient or that there exists a breach of any of the representations and warranties made by any Originator set forth in the applicable
Purchase and Sale Agreement or any Issuer as required under Section 2.19 of the Indenture with respect to any applicable Mortgage Loan or Mortgaged Property, and if such absence, deficiency or breach materially and adversely affects the value
of any Mortgage Loan, Mortgaged Property or Lease or the interests of the applicable Issuer, the Noteholders or the Insurers therein, such party shall give prompt written notice thereof to the other parties hereto and each Insurer. If such
deficiency or breach materially and adversely affects the value of any Mortgage Loan, Mortgaged Property or Lease or the interests of the applicable Issuer, the Noteholders or the Insurers therein (a “Collateral
Defect”), (a) within 60 days following notice thereof, the applicable Originator or the applicable Issuer, as the case may be, shall deliver the missing document or cure the deficiency or breach, as the case may be,
in all material respects or (b) the applicable Originator or the Support Provider, as required under the Performance Undertaking, shall repurchase such Mortgage Loan or Mortgaged Property and the related Lease from the applicable Issuer at an
amount equal to the Payoff Amount, or exchange one or more Qualified Substitute Mortgage Loans or Qualified Substitute Mortgaged Properties for such Mortgage Loan or Mortgaged Property, as the case may be; provided, that if (i) such
Collateral Defect is capable of being cured but not within such 60-day period, (ii) the applicable Cure Party has commenced and is diligently proceeding with the cure of such Collateral Defect within such 60-day period, and (iii) prior to
the end of such 60-day period, the applicable Cure Party shall have delivered to the applicable Issuer, the Property Manager and the Indenture Trustee a certification executed on its behalf by an officer thereof setting forth the reason such
Collateral Defect is not capable of being cured within an initial 60-day period and what actions such Cure Party is pursuing in connection with the cure thereof and stating that it anticipates that such Collateral Defect will be cured within an
additional period not to exceed 60 more days, then such Cure Party shall have up to an additional 60 days commencing on the 61st day from receipt of such request to complete such 

  
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cure. If the affected Mortgaged Property or Mortgage Loan is to be repurchased, funds in the amount of the Payoff Amount shall be wired to the Release Account, and the Property Manager shall
promptly notify the applicable Issuer, the Back-Up Manager, and the Indenture Trustee when such deposit is made. In addition, failure to deliver the documents specified in clauses (i), (ii), (iv) or (ix) of the definition of “Loan
File” or clauses (i), (iv) or (v) in the definition of “Lease File” shall be deemed to constitute a Collateral Defect. 
 In the event that any Cure Party elects to substitute one or more Qualified Substitute Mortgaged Properties or Qualified Substitute Mortgage Loans for the affected Mortgaged Property or Mortgage Loan
pursuant to this Section 2.04(a), such Cure Party shall give notice of same to the Back-Up Manager, each Issuer and each Insurer and deliver, or cause to be delivered, to the Custodian all documents as specified in the definition of
“Lease File” or “Loan File” in the Custody Agreement with respect to such Qualified Substitute Mortgaged Property or Qualified Substitute Mortgage Loan no later than the date such Qualified Substitute Mortgaged Property or
Qualified Substitute Mortgage Loan is acquired by the applicable Issuer. Monthly Lease Payments due with respect to Qualified Substitute Mortgaged Properties and Monthly Loan Payments due with respect to Qualified Substitute Mortgage Loans in the
month of substitution shall not be part of the Collateral and will be retained by the Property Manager and remitted by the Property Manager to the applicable Cure Party. For the month of substitution, the applicable Issuer shall be entitled to
receive the Monthly Lease Payment due on the Lease for any Mortgaged Property to be repurchased in such month and the Monthly Loan Payment due on any Mortgage Loan to be repurchased in such month and thereafter the applicable Person acquiring such
Mortgaged Property or Mortgage Loan shall be entitled to retain all amounts received in respect of such Lease or Mortgage Loan. On or prior to the effective date of any such substitution, the Property Manager shall deliver to the Indenture Trustee,
the Insurers and the Issuers an amended Mortgaged Property Schedule and Mortgage Loan Schedule reflecting the addition to the Collateral of each new Qualified Substitute Mortgaged Property and Lease, and each new Qualified Substitute Mortgage Loan
and the removal from the Collateral of each repurchased Mortgaged Property and Lease and each repurchased Mortgage Loan. Upon such substitution, the Qualified Substitute Mortgaged Property and/or Qualified Substitute Mortgage Loan shall be subject
to the terms of this Agreement in all respects, and the applicable Cure Party shall be deemed to have made the representations and warranties, as of the date of such substitution, with respect to the Qualified Substitute Mortgaged Property and/or
Qualified Substitute Mortgage Loan, contained in the Purchase and Sale Agreement, except to the extent the Insurers, in their discretion, otherwise give their prior written consent to any modification of such representations and warranties and 20
days’ prior written notice is given to the Rating Agencies. 
 (b) Upon receipt of an Officer’s Certificate from the
Property Manager to the effect that the full amount of the Payoff Amount for any Mortgage Loan or Mortgaged Property (or the shortfalls and expenses related to any substitution) as contemplated by Section 2.04(a) has been deposited in
the Release Account or the Collection Account, as applicable, and that all requirements for such repurchase (or substitution) have been satisfied, which Officer’s Certificate shall be furnished by the Property Manager promptly after such
requirements have been satisfied, the Indenture Trustee or the Custodian, as applicable, shall release or cause to be released to the Person acquiring such Mortgaged Property or Mortgage Loan, or its designee,

  
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the related Lease File or Loan File, as applicable, and each of the applicable Issuer, the Indenture Trustee and the Collateral Agent shall execute and deliver such instruments of release,
transfer and assignment, in each case without recourse, as shall be provided to it and are reasonably necessary to vest in such Person the ownership of such Mortgaged Property and the related Lease or Mortgage Loan, free and clear of the lien of the
Indenture and the related Mortgage. The Property Manager shall, and is hereby authorized and empowered by each applicable Issuer and the Indenture Trustee to, prepare, execute and deliver in its own name, on behalf of such Issuer, the Indenture
Trustee and the Collateral Agent or any of them, the endorsements, assignments and other documents contemplated by this Section 2.04(b), and such Issuer, the Indenture Trustee and the Collateral Agent shall execute and deliver any
limited powers of attorney substantially in the form of Exhibit D necessary to permit the Property Manager to do so; provided, however, that none of the Issuers, the Issuer Members, the Indenture Trustee or the Collateral Agent
shall be held liable for any misuse of any such power of attorney by the Property Manager and the Property Manager hereby agrees to indemnify the Issuers, the Issuer Members, the Indenture Trustee and the Collateral Agent against, and hold the
Issuers, the Issuer Members, the Indenture Trustee and the Collateral Agent harmless from, any loss or liability arising from any misuse of such power of attorney. In connection with any such repurchase or substitution by any Cure Party, the
Property Manager or the Special Servicer, as appropriate, shall deliver the related Lease File or Loan File, as applicable, to such Cure Party. 
 (c) If any Cure Party or the Support Provider defaults on its obligations to repurchase or substitute for any Mortgaged Property as contemplated by Section 2.04(a) or the applicable
Performance Undertaking, as the case may be, the Property Manager shall promptly notify the Issuers, the Insurers, the Back-Up Manager and the Indenture Trustee and shall take such actions with respect to the enforcement of such obligations,
including the institution and . prosecution of appropriate proceedings, as the Property Manager shall determine, in its good faith and reasonable judgment, are in the best interests of the applicable Issuer, the Noteholders and the Insurers. In the
event the Property Manager fails to take such actions, the Back-Up Manager shall do so if it has notice of such default by the Property Manager. Any and all expenses incurred by the Property Manager or the Back-Up Manager with respect to the
foregoing shall constitute Property Protection Advances in respect of the affected Mortgaged Property. 

Section 2.05. Non-Petition Agreement. 

The Issuers will cause each party to any purchase and sale agreement or loan purchase agreement between any such Issuer and seller of
Mortgage Loans or Mortgaged Properties pursuant thereto to covenant and agree that such party shall not institute against, or join any other Person in instituting against, any Issuer, any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceeding, or any other proceeding under any federal or state bankruptcy or similar law. 

  
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 ARTICLE III 
 ADMINISTRATION AND SERVICING OF MORTGAGED PROPERTIES AND LEASES 

Section 3.01. Administration of the Mortgaged Properties, Leases and Mortgage Loans. 

(a) Each of the Property Manager and the Special Servicer shall service and administer the Mortgaged Properties, Leases and Mortgage Loans
that it is obligated to service and administer pursuant to this Agreement on behalf of the applicable Issuers, and in the best interests and for the benefit of the holders of the Notes and the LLC Interests and the Insurers (as a collective whole)
in accordance with any and all applicable laws and the terms of this Agreement, the Property Insurance Policies and the respective Leases and Mortgage Loans and, to the extent consistent with the foregoing, in accordance with the Servicing Standard.
Without limiting the foregoing, and subject to Section 3.20, (i) the Property Manager shall service and administer each Lease (and each related Mortgaged Property) and each Mortgage Loan as to which no Servicing Transfer Event has
occurred and each Corrected Lease and Corrected Mortgage Loan, and (ii) the Special Servicer shall service and administer each Lease (and each related Mortgaged Property) and each Mortgage Loan as to which a Servicing Transfer Event has
occurred and that is not a Corrected Lease or Corrected Mortgage Loan, as applicable; provided, however, that the Property Manager shall continue to collect information and prepare and deliver all reports to the Indenture Trustee and
the Issuers required hereunder with respect to any Specially Serviced Leases (and the related Mortgaged Properties) and Specially Serviced Mortgage Loans, and further to render such incidental services with respect to any Specially Serviced Assets
as are specifically provided for herein. No direction, consent or approval or lack of direction, consent or approval of any Insurer, any Controlling Party or the Requisite Global Majority may (and the Special Servicer or the Property Manager will
ignore and act without regard to any such advice or approval or lack of approval that the Special Servicer or the Property Manager has determined, in its reasonable, good faith judgment, would) (A) require or cause the Special Servicer or the
Property Manager to violate applicable law, the Servicing Standard (unless Spirit Finance is the Property Manager or Special Servicer, as applicable) or the terms of any Mortgage Loan or any Lease or (B) expand the scope of the Property
Manager’s or Special Servicer’s responsibilities under this Agreement. In addition, neither the Property Manager nor the Special Servicer, acting in its individual capacity, shall take any action or omit to take any action as lessor of any
Collateral if such action or omission would materially and adversely affect the interests of the holders of the Notes or the LLC Interests, the Insurers or the Issuers. None of the Property Manager, the Special Servicer or the Back-Up Manager shall
be liable to the Indenture Trustee, the Insurers, any Noteholder or any other Person for following any direction of an Insurer or Controlling Party hereunder. 
 (b) Subject to Section 3.01(a), the Property Manager and the Special Servicer each shall have full power and authority, acting alone, to do or cause to be done any and all things in connection
with such servicing and administration that it may deem necessary or desirable. Without limiting the generality of the foregoing, each of the Property Manager and the Special Servicer, in its own name, with respect to each of the Mortgaged
Properties, Leases and Mortgage Loans it is obligated to service hereunder, is hereby authorized and empowered 

  
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by the applicable Issuers and the Indenture Trustee to execute and deliver, on behalf of each such Issuer and the Indenture Trustee: (i) any and all financing statements, continuation
statements and other documents or instruments necessary to maintain the lien created by any Mortgage or other security document in the related Asset File on the related Collateral; (ii) in accordance with the Servicing Standard and subject to
Sections 3.08 and 3.19, any and all modifications, waivers, amendments or consents to or with respect to any documents contained in the related Asset File; and (iii) any and all instruments of satisfaction or cancellation, or of
partial or full release or discharge, and all other comparable instruments. Subject to Section 3.10, each applicable Issuer and the Indenture Trustee shall, at the written request of a Servicing Officer of the Property Manager or the
Special Servicer, furnish, or cause to be so furnished, to the Property Manager or the Special Servicer, as the case may be, any limited powers of attorney (substantially in the form of Exhibit D attached hereto) and other documents necessary
or appropriate to enable it to carry out its servicing and administrative duties hereunder; provided, however, that none of the Issuers, the Issuer Members or the Indenture Trustee shall be held liable for any misuse of any such power
of attorney by the Property Manager or the Special Servicer and each of the Property Manager and the Special Servicer hereby agree to indemnify the Issuers, the Issuer Members, the Insurers, the Back-Up Manager and the Indenture Trustee against, and
hold the Issuers, the Issuer Members, the Insurers, the Back-Up Manager and the Indenture Trustee harmless from, any cost, loss or liability arising from any misuse by it of such power of attorney. Notwithstanding anything contained herein to the
contrary, the Property Manager shall not, without the Indenture Trustee’s written consent: (i) initiate any action, suit or proceeding solely under the Indenture Trustee’s name without indicating the Indenture Trustee’s
representative capacity or (ii) take any action with the intent to cause, and which actually does cause, the Indenture Trustee to be registered to do business in any state. 

(c) Promptly after any request therefor, the Property Manager shall provide to the Indenture Trustee and the Insurers: (i) the most
recent inspection report prepared or obtained by the Property Manager or the Special Servicer in respect of each Mortgaged Property pursuant to Section 3.12(a); (ii) the most recent available operating statement and financial
statements of the related Obligor collected by the Property Manager or the Special Servicer pursuant to Section 3.12(b), together with the accompanying written reports to be prepared by the Property Manager or the Special Servicer, as
the case may be, pursuant to Section 3.12(c); and (iii) any and all notices and reports with respect to any Mortgaged Property as to which environmental testing is contemplated by Section 10.08 of the Indenture. 

(d) The relationship of each of the Property Manager and the Special Servicer to the Issuers and the Indenture Trustee under this
Agreement is intended by the parties to be and shall be that of an independent contractor and not that of a joint venturer, partner or agent. 
 Section 3.02. Collection of Lease Payments and Loan Payments; Lockbox Accounts; Lockbox Transfer Accounts. 
 (a) Each of the Property Manager and the Special Servicer shall undertake reasonable efforts to collect all payments called for under the terms and provisions of the Leases and the Mortgage Loans it is
obligated to service hereunder and shall, to the extent such procedures shall be consistent with this Agreement, follow such collection procedures as it 

  
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would follow were it the owner of such Leases and Mortgage Loans. Consistent with the foregoing, the Special Servicer or the Property Manager, as the case may be, may waive any Net Default
Interest or late payment charge it is entitled to in connection with any delinquent payment on a Lease or Mortgage Loan it is obligated to service hereunder. 
 (b) The Property Manager shall establish and maintain one or more segregated accounts (each, a “Lockbox Account”) with one or more banks (each, a “Lockbox Account
Bank”). The Obligors shall be instructed to make all payments into a Lockbox Account. Each Lockbox Account shall be an Eligible Account and may be an account to which payments relating to other assets serviced or managed by the Property
Manager are paid; provided, that such account shall be in the nature of a clearing account and the Property Manager shall not have access to such account. Each of the Property Manager and the Special Servicer shall, on or prior to each Series
Closing Date (or, if applicable, such other date of acquisition), as to those Leases and Mortgage Loans it is obligated to service hereunder, instruct the related Obligor to make all Monthly Lease Payments and Monthly Loan Payments to a Lockbox
Account. The Property Manager shall cause all amounts deposited into the Lockbox Account with respect to the Collateral to be transferred to the Collection Account or the Lockbox Transfer Account within one Business Day after such funds have been
identified, cleared and become available in accordance with the polices of the Lockbox Account Bank. 
 (c) The Property Manager
may establish and maintain one or more segregated accounts in the name of the Property Manager on behalf of the Indenture Trustee, held for the benefit of the Noteholders (each, a “Lockbox Transfer Account”) with one or more
banks (each, a “Lockbox Transfer Account Bank”). Each Lockbox Transfer Account shall be an Eligible Account. Each Lockbox Transfer Account shall be subject to an Account Control Agreement among the Property Manager, the
Indenture Trustee and the applicable Lockbox Transfer Account Bank. Except as expressly permitted herein, neither the Property Manager nor the Issuers will have any right of withdrawal from the Lockbox Transfer Account, and the Property Manager
hereby covenants and agrees that it shall not withdraw, or direct any Person to withdraw, any funds from the Lockbox Transfer Account. 
 Section 3.03. Collection of Real Estate Taxes and Insurance Premiums; Servicing Accounts; Property Protection Advances; Emergency Property Expenses. 

(a) Each of the Property Manager and the Special Servicer shall, as to those Mortgaged Properties, Leases and Mortgage Loans it is
obligated to service hereunder, establish and maintain one or more accounts (the “Servicing Accounts”), and shall cause to be deposited from the Lockbox Transfer Account or otherwise into such Servicing Accounts all Escrow
Payments, security deposits received from Tenants pursuant to the Leases, subject to the Tenants’ rights to such amounts (“Lease Security Deposits”), and amounts required to be paid by the applicable Issuers as lessors
under the Leases in respect of sales taxes (“Sales Tax Deposits”). Notwithstanding the foregoing, no Servicing Accounts shall be established and maintained with respect to those Mortgaged Properties, Leases or Mortgage Loans
pursuant to which the Tenant or Borrower is not required to make Escrow Payments, Lease Security Deposit or Sales Tax Deposits. Each Servicing Account shall be an Eligible Account. Withdrawals of amounts so collected from a Servicing Account (other
than Lease Security Deposits) may be made only to: (i) effect payment of real estate or personal property taxes, 

  
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sales taxes, assessments, insurance premiums, ground rents (if applicable) and comparable items (including taxes or other amounts that could constitute liens prior to or on parity with the lien
of the related Mortgage); (ii) refund to Obligors any sums as may be determined to be overages; (iii) pay interest, if required and as described below in clause (b), to Obligors on balances in the Servicing Account; (iv) clear
and terminate the Servicing Account at the termination of this Agreement in accordance with Section 8.01; or (v) withdraw any amounts deposited in error; provided, however, that Lease Security Deposits may not be
withdrawn for such purposes and shall be withdrawn only in accordance with the terms of the related Lease, to be repaid to the related Tenant or applied in full or partial satisfaction of the obligations of the related Tenant in accordance with the
Servicing Standard (for application in the same manner as payments in respect of such obligations). Any remaining portion of such Lease Security Deposit shall be withdrawn by the Property Manager from the Servicing Account and deposited into the
Collection Account and shall constitute part of the Available Amount on the next Payment Date. 
 (b) The Property Manager and
the Special Servicer shall each pay or cause to be paid to the Obligors interest, if any, earned on the investment of funds in Servicing Accounts maintained thereby, if required by law or the terms of the related Lease or Mortgage Loan. If the
Property Manager or the Special Servicer shall deposit in a Servicing Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding.

 (c) Each of the Property Manager and the Special Servicer shall, as to those Mortgaged Properties and Mortgage Loans it is
obligated to service hereunder, maintain accurate records with respect to any Mortgaged Property and Mortgage Loan reflecting the status of real estate taxes, ground rents, assessments and other similar items that are or may become a lien thereon,
and the status of insurance premiums payable in respect thereof that, in each case, the related Obligor is contractually or legally obligated to pay under the terms of the applicable Lease or Mortgage Loan, and the Property Manager shall effect
payment thereof, as a Property Protection Advance or otherwise as payment of an Emergency Property Expense from funds on deposit in the Collection Account, as described below, if not paid by such Obligor prior to the applicable penalty or
termination date, promptly after the Property Manager receives actual notice from any source of such nonpayment by such Obligor. For purposes of effecting any such payment for which it is responsible, the Property Manager or the Special Servicer, as
the case may be, shall apply Escrow Payments as allowed under the terms of the related Lease or Mortgage Loan or, if such Lease or Mortgage Loan does not require the related Obligor to escrow for the payment of real estate taxes, assessments and
insurance premiums, each of the Property Manager and the Special Servicer shall, as to those Leases and Mortgage Loans it is obligated to service hereunder, enforce the requirement of the related Lease and Mortgage Loan that such Obligor make
payments in respect of such items at the time they first become due. 
 (d) In accordance with the Servicing Standard, the
Property Manager shall advance with respect to each Mortgaged Property, Lease and Mortgage Loan all such funds as are necessary for the purpose of effecting the payment of (i) real estate taxes, (ii) Ground Lease payments,
(iii) premiums on Property Insurance Policies, (iv) any necessary costs and expenses 

  
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associated with Tenant evictions and collections from Tenants (including attorneys’ fees) and (v) other amounts necessary to preserve the security interest and lien of the Indenture
Trustee in, and value of, such Mortgaged Property (including any costs and expenses necessary to release such Mortgaged Property such as repair and maintenance expenses, tenant improvements and leasing commissions) and Mortgage Loan in each instance
if and to the extent Escrow Payments (if any) collected from the related Obligor or otherwise on deposit in a Servicing Account (other than the Lease Security Deposit) are insufficient to pay such item when due and such Obligor has failed to pay
such item on a timely basis; provided, that the particular advance would not, if made in accordance with the Servicing Standard, constitute a Nonrecoverable Property Protection Advance. The Property Manager shall not have any obligation under
this Section 3.03(d) to advance any funds in respect of delinquent payments of principal or interest in respect of the Mortgage Loans or real estate taxes or premiums on Property Insurance Policies that the related Obligor or the
applicable Issuer is not contractually or legally obligated to pay, nor to monitor the timely payment of real estate taxes and insurance premiums the payment of which is the responsibility of a person other than such Obligor or Issuer, unless it has
actual knowledge of the non-payment of such items and would otherwise make such advance in accordance with the Servicing Standard. Each of the Property Manager and the Back-Up Manager will be entitled to recover any Property Protection Advance
(i) from general collections if such Property Protection Advance is determined to be a Nonrecoverable Property Protection Advance, (ii) from any amounts subsequently received on the related Mortgage Loan or Lease or with respect to the
related Mortgaged Property or (iii) in the case of the Back-Up Manager, to the extent not recovered under clauses (i) and (ii) immediately above, from the Property Manager or any Successor Property Manager. The Property
Manager shall give prompt written notice to the Indenture Trustee in the event that it has not made, and does not intend to make, any Property Protection Advance it is required to make hereunder. Promptly upon obtaining knowledge that the full
amount of any Property Protection Advance required to be made by the Property Manager has not been so made, the Indenture Trustee shall provide notice of such failure to a Servicing Officer of the Property Manager and each Insurer. If the Indenture
Trustee does not receive confirmation that the full amount of such Property Protection Advance has been made within four (4) Business Days following the date of such notice, then (i) the Back-Up Manager, upon written notice from the
Indenture Trustee, shall make the portion of such Property Protection Advance that was required to be, but was not, made by the Property Manager in accordance with the Servicing Standard, unless the Back-Up Manager determines in accordance with the
Servicing Standard that such Property Protection Advance would be a Nonrecoverable Property Protection Advance, and (ii) such failure shall constitute a Servicer Replacement Event under Section 6.01 with respect to the Property
Manager. Any such Property Protection Advance made by the Back-Up Manager shall be deemed made by the Back-Up Manager in its capacity as successor to the Property Manager and shall thereafter be reimbursable to the Back-Up Manager, together with
Advance Interest thereon, in accordance with Section 3.05 and Section 2.11 of the Indenture or from any Successor Property Manager. 
 (e) If, prior to making any Property Protection Advance, the Property Manager shall have determined, in accordance with the Servicing Standard, (i) that such Property Protection Advance, if made,
would constitute a Nonrecoverable Property Protection Advance, and (ii) that the payment of such cost, expense or other amount for which a Property 

  
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Protection Advance might be made is nonetheless in the best interest of the Noteholders and the Insurers, the Property Manager shall, in accordance with the Servicing Standard, withdraw (or, in
the event the Property Manager is Spirit Finance, direct the Indenture Trustee to withdraw) funds from the Collection Account and use such funds in order to pay such costs, expenses and other amounts (collectively, “Emergency Property
Expenses”) to the extent necessary to preserve the security interest in, and value of, any Mortgaged Property or Mortgage Loan, as applicable. Any such funds withdrawn from the Collection Account to pay Emergency Property Expenses shall
not constitute part of the Available Amount on any Payment Date. 
 (f) The determination by the Property Manager (or the
Back-Up Manager) that it has made a Nonrecoverable Property Protection Advance or that any proposed Property Protection Advance, if made, would constitute a Nonrecoverable Property Protection Advance, shall be evidenced by an Officer’s
Certificate delivered promptly to the Issuers and the Indenture Trustee setting forth the basis for such determination. In making such recoverability determination, such Person shall be entitled to (a) consider (among other things) the
obligations of the Obligor under the terms of the related Lease Documents or Loan Documents as they may have been modified, (b) consider the related Mortgaged Properties or REO Properties in their “as is” or then current conditions
and occupancies, as modified by such party’s assumptions (consistent with the Servicing Standard in the case of the Property Manager or the Back-Up Manager) regarding the possibility and effects of future adverse changes with respect to such
Mortgaged Properties or REO Properties, (c) estimate and consider (consistent with the Servicing Standard in the case of the Property Manager or the Back-Up Manager) (among other things) future expenses, (d) estimate and consider
(consistent with the Servicing Standard in the case of the Property Manager, the Special Servicer or the Back-Up Manager) (among other things) the timing of recoveries, and (e) give due regard to the existence of any Nonrecoverable Property
Protection Advance with respect to other Leases, Mortgage Loans, Mortgaged Properties or REO Properties in light of the fact that proceeds on the related Lease, Mortgage Loan, Mortgaged Property or REO Property are a source of recovery not only for
the Property Protection Advance under consideration, but also as a potential source of recovery of other outstanding Nonrecoverable Property Protection Advances. In addition, any such Person may update or change its recoverability determinations at
any time (but not reverse any other Person’s determination that a Property Protection Advance is a Nonrecoverable Property Protection Advance) and, consistent with the Servicing Standard, in the case of the Property Manager or the Back-Up
Manager, may obtain promptly upon request, from the Special Servicer, any reasonably required analysis, appraisals or market value estimates or other information in the Special Servicer’s possession for making a recoverability determination.
The determination by the Property Manager or the Back-Up Manager, as the case may be, that it has made a Nonrecoverable Property Protection Advance or that any proposed Property Protection Advance, if made, would constitute a Nonrecoverable Property
Protection Advance, or any updated or changed recoverability determination, shall be evidenced by an Officer’s Certificate delivered by either of the Back-Up Manager or Property Manager to the other and to the Issuers, the Indenture Trustee and
the Insurers. Any such determination shall be conclusive and binding on the applicable Issuer, the Property Manager or the Back-Up Manager. The Officer’s Certificate shall set forth such determination of nonrecoverability and the considerations
of the Property Manager or the Back-Up Manager, as applicable, forming the basis of such determination (which shall be accompanied by, to the extent available, 

  
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 information such as related income and expense statements, rent rolls, occupancy status and property
inspections, and shall include an appraisal of the related Lease, Mortgage Loan or Mortgaged Property or REO Property). The Special Servicer shall promptly furnish any party required to make Property Protection Advances hereunder with any
information in its possession regarding the Specially Serviced Assets which are Leases, Mortgaged Properties, Mortgage Loans and REO Properties as such party required to make Property Protection Advances may reasonably request for purposes of making
recoverability determinations. In the case of a cross collateralized Mortgage Loan, such recoverability determination shall take into account the cross collateralization of the related cross-collateralized Mortgage Loan. 

Section 3.04. Collection Account; Release Account. 

(a) The Property Manager shall establish and maintain one or more separate accounts in the name of the Indenture Trustee for the benefit
of the Noteholders and the Insurers, for the collection of payments on and other amounts received in respect of the Leases, the Mortgaged Properties and the Mortgage Loans (collectively, the “Collection Account”), which shall
be established in such manner and with the type of depository institution (the “Collection Account Bank”) specified in this Agreement. The Collection Account shall be an Eligible Account. If the Property Manager is Spirit
Finance, the Property Manager shall establish and maintain the Collection Account at a Collection Account Bank designated by the Indenture Trustee and the Indenture Trustee shall have the sole right of withdrawal from such account. If the Property
Manager is not Spirit Finance or another Affiliate of the Issuers, the Collection Account shall be subject to an Account Control Agreement among the applicable Issuers, the Property Manager, the Indenture Trustee and the Collection Account Bank.

 The Property Manager shall deposit or cause to be deposited in the Collection Account, within two (2) Business Days
after receipt, the following payments and collections received or made by or on behalf of the Property Manager on or after the later of the applicable Transfer Date (other than payments due before the applicable Transfer Date), or, in the case of
collections and payments to the Lockbox Account, on each Business Day, the Property Manager shall instruct each Lockbox Account Bank to transfer the following payments and collections deposited in the Lockbox Account prior to the end of such
Business Day (A) to the Lockbox Transfer Account and, within one Business Day thereafter from the Lockbox Transfer Account into the Collection Account or (B) directly into the Collection Account, in each case, immediately after such funds
have been identified, cleared and become available in accordance with the policies of the Lockbox Account Bank: 

(i) all payments on account of Monthly Lease Payments, Monthly Loan Payments and, so long as an Early Amortization Event
has occurred and is continuing, Excess Cashflow; 
 (ii) all payments of other amounts payable by the Obligors on
the Leases and the Mortgage Loans, including without limitation Yield Maintenance Premiums; 
 (iii) all Property
Insurance Proceeds and Condemnation Proceeds (other than proceeds paid to the related Borrower or Tenant as required by Loan 

  
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Documents or Lease Documents, as applicable, proceeds applied to the restoration or remediation of property or otherwise in accordance with the Servicing Standard) and all Liquidation Proceeds;

 (iv) all cash proceeds from the release or substitution of any Mortgage Loan or Mortgaged Property to the
extent not deposited into the Release Account; and all cash proceeds from the release or substitution of any Mortgage Loan or Mortgaged Property transferred from the Release Account to the Collection Account pursuant to Section 3.05(b)
and all proceeds representing earnings on investments in the Release Account (including interest on any Permitted Investments) made with such proceeds; 
 (v) any amounts required to be deposited into the Collection Account pursuant to Section 3.07(b) in connection with losses resulting from a deductible clause in a blanket hazard insurance
policy; 
 (vi) any amounts received on account of payments under the Guaranties, the Purchase and Sale
Agreements, the Performance Undertakings or the Environmental Indemnity Agreements; and 
 (vii) any other
amounts required to be so deposited under this Agreement. 
 The Property Manager shall not make any withdrawals from the
Collection Account except in accordance with this Section 3.04 and Section 3.05(a) hereof. The Collection Account shall be maintained as a segregated account, separate and apart from trust funds created for certificates,
bonds or notes of other series serviced by and the other accounts of the Property Manager. 
 Upon receipt of any of the amounts
described above with respect to any Specially Serviced Asset, the Special Servicer shall promptly but in no event later than the second Business Day after receipt, remit such amounts to the Property Manager for deposit into the Collection Account in
accordance with the first paragraph of this Section 3.04(a), unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item should not be deposited therein because of a restrictive endorsement or
other reasonably appropriate reason. The Property Manager shall not deposit into the Collection Account any collections allocated to Companion Loans, any Additional Servicing Compensation, amounts received on account of Excess Cashflow (so long as
no Early Amortization Event has occurred and is continuing), Sales Tax Deposits, Escrow Payments, Lease Security Deposits, amounts received as reimbursement for any cost paid by the Issuers as lessors or lenders under the Leases or Mortgage Loans,
as applicable, amounts collected by or on behalf of the Issuers and held in escrow or impound as lenders or lessors to pay future obligations or other amounts specified herein. 

With respect to any such amounts paid by check to the order of the Special Servicer, the Special Servicer shall endorse such check to the
order of the Property Manager and shall deliver promptly, but in no event later than one (1) Business Day after receipt, any such 

  
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check to the Property Manager by overnight courier, unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item cannot be so endorsed and delivered
because of a restrictive endorsement or other reasonably appropriate reason. The funds held in the Collection Account may be held as cash or invested in Permitted Investments in accordance with the provisions of Section 3.06(a). Any
interest or other income earned on funds in the Collection Account will be added to the Available Amount. 
 (b) The Property
Manager shall establish and maintain at a bank designated by the Indenture Trustee a segregated account in the name of the Indenture Trustee for the deposit of cash proceeds from the sale of any Mortgage Loan or Mortgaged Property (the
“Release Account”). The Release Account shall be an Eligible Account. The funds held in the Release Account may be held as cash or invested in Permitted Investments in accordance with the provisions of
Section 3.06(b). The Release Account and the amounts on deposit therein will be pledged to the Indenture Trustee under the Indenture. The Property Manager will deposit or cause to be deposited in the Release Account, on the date of
receipt, any cash proceeds from the sale of any Mortgage Loan or Mortgaged Property. 
 Section 3.05.
Withdrawals From the Collection Account and the Release Account. 
 (a) If the Property Manager is Spirit Finance, then
the Indenture Trustee shall make withdrawals upon the written direction of the Property Manager from the Collection Account (i) on each Remittance Date, for delivery by wire transfer of immediately available funds for deposit into the Payment
Account, of the Available Amount for application by the Indenture Trustee to make payments in accordance with the priorities set forth pursuant to Section 2.1l(b) of the Indenture, (ii) on any date, to pay any Emergency Property Expenses
(pursuant to Section 3.03(e)) and (iii) on any date, to remove amounts deposited in the Collection Account in error. If the Property Manager is an entity other than Spirit Finance, then the Property Manager shall make withdrawals
from the Collection Account (i) on each Remittance Date, for delivery by wire transfer of immediately available funds for deposit into the Payment Account, of the Available Amount for application by the Indenture Trustee to make payments in
accordance with the priorities set forth pursuant to Section 2.11(b) of the Indenture, (ii) on any date, to pay the Property Management Fee, the Back-Up Fee, any Special Servicing Fees, any Liquidation Fees and any Workout Fees (each,
pursuant to Section 3.11), (iii) on any date, to reimburse the Property Manager or the Back-Up Manager for any Property Protection Advances and Advance Interest thereon as provided in Section 3.03(d), (iv) on any
date, to pay any Emergency Property Expenses (pursuant to Section 3.03(e)) or (v) on any date, to remove amounts deposited in the Collection Account in error. Except as provided in Section 3.04(a), no other amounts may
be withdrawn from the Collection Account by the Property Manager. 
 (b) Amounts deposited in the Release Account (including Net
Investment Earnings on funds on deposit therein) shall be applied by the Property Manager (or the Indenture Trustee based on the instructions of the Property Manager if the Property Manager is Spirit Finance), first, to reimburse the Property
Manager, the Special Servicer and the Back-Up Manager any amounts owed with respect to unreimbursed Extraordinary Expenses, Property Protection Advances and Advance Interest thereon and Emergency Property Expenses related

  
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to such Mortgage Loan; Lease or Mortgaged Property and to pay the expenses related to such release and, second, either to acquire Qualified Substitute Mortgage Loans or Qualified
Substitute Mortgaged Properties within twelve months following the release of such Mortgage Loan or Mortgaged Property or to make Unscheduled Principal Payments in reduction of the principal of the Notes. Any amounts remaining in the Release Account
following the twelve month period from the related Release shall be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments on the following Payment Date. During the continuance of an Early
Amortization Event, all amounts in the Release Account shall be deposited as Unscheduled Proceeds into the Collection Account and will be included in the Available Amount on the following Payment Date. 

Section 3.06. Investment of Funds in the Collection Account and the Release Account. 

(a) The Property Manager shall direct any institution maintaining the Collection Account to invest the funds held therein in one or more
Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later than the Business Day immediately preceding the next succeeding Remittance Date, which may be in the form of a standing direction.

 (b) The Property Manager may direct any institution maintaining the Release Account to invest the funds held therein in one
or more specific Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later than the Business Day immediately preceding the day such amounts are required to be distributed pursuant to
Section 3.05(b), which may be in the form of a standing direction. 
 (c) The Property Manager may direct any
institution maintaining the Servicing Accounts with respect to Lease Security Deposits to invest the funds held therein in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later
than the Business Day immediately preceding the day such amounts are required to be distributed pursuant to the related Lease and this Agreement, which may be in the form of a standing direction. 

(d) [Reserved] 

(e) All Permitted Investments in the Collection Account, the Release Account and the Servicing Accounts shall be held to maturity, unless
payable on demand. Any investment of funds in the Collection Account, the Release Account and the Servicing Accounts shall be made in the name of the Indenture Trustee (in its capacity as such). The Property Manager shall promptly deliver to the
Indenture Trustee, and the Indenture Trustee shall maintain continuous possession of, any Permitted Investment that is either (i) a “certificated security,” as such term is defined in the Uniform Commercial Code, or (ii) other
property in which a secured party may perfect its security interest by possession under the Uniform Commercial Code or any other applicable law. If amounts on deposit in the Collection Account, the Release Account or the Servicing Accounts are at
any time invested in a Permitted Investment payable on demand, the Property Manager shall: 

  
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 (i) consistent with any notice required to be given thereunder, demand that
payment thereon be made on the last day such Permitted Investment may otherwise mature thereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount required to be withdrawn on such date; and

 (ii) demand payment of all amounts due thereunder promptly upon determination by the Property Manager that
such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the Collection Account, the Release Account or the Servicing Accounts, as applicable. 

(f) Interest and investment income realized on funds deposited in the Collection Account and, if applicable, the Release Account, to the
extent of the Net Investment Earnings, if any, for each Collection Period, shall be deposited to the Collection Account and added to the Available Amount for such Collection Period. Notwithstanding the investment of funds held in the Collection
Account, for purposes of the calculations hereunder, including the calculation of the Available Amount, the amounts so invested shall be deemed to remain on deposit in the Collection Account. Except as provided in Section 5.03(a), the
Property Manager shall have no liability for any investment of funds in the Collection Account, the Release Account or Servicing Account. 
 (g) Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted Investment, or if a default occurs in any other performance required
under any Permitted Investment, the Property Manager may take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. 

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

(a) The Property Manager (other than with respect to Specially Serviced Assets) and the Special Servicer (with respect to Specially
Serviced Assets) shall use reasonable efforts in accordance with the Servicing Standard to cause the related Obligor to maintain for each Mortgaged Property all insurance coverage as is required under the terms of such Lease or Mortgage Loan, as
applicable (including for the avoidance of doubt, any Environmental Policy); provided, that if and to the extent that any such Lease permits the lessor thereunder any discretion (by way of consent, approval or otherwise) as to the insurance
coverage that the related Obligor is required to maintain, the Properly Manager or the Special Servicer, as the case may be, shall exercise such discretion in a manner consistent with the Servicing Standard, with a view towards requiring insurance
comparable to that required under other similar Leases or Mortgage Loans with express provisions governing such matters; and provided, further, that, if and to the extent that a Lease or Mortgage Loan so permits, the related Obligor
shall be required to obtain the required insurance coverage from Qualified Insurers that have a claims-paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide. If such Obligor does not maintain the required insurance
or, with respect to any Environmental Policy in place as of the related Series Closing Date or Transfer Date, the Property Manager will itself 

  
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cause such insurance to be maintained with Qualified Insurers; provided, that the Property Manager shall not be required to maintain such insurance if the Indenture Trustee (as mortgagee
of record on behalf of the Noteholders) does not have an insurable interest or the Property Manager has determined (in its reasonable judgment in accordance with the Servicing Standard) that either (i) such insurance is not available at a
commercially reasonable rate and the subject hazards are at the time not commonly insured against by prudent owners of properties similar to the Mortgaged Property located in or around the region in which such Mortgaged Property is located or
(ii) such insurance is not available at any rate. Subject to Section 3.17(b), the Special Servicer shall also use reasonable efforts to cause to be maintained for each REO Property no less insurance coverage than was previously
required of the Obligor under the related Mortgage or Lease and at a minimum, (i) hazard insurance with a replacement cost rider and (ii) comprehensive general liability insurance, in each case, in an amount customary for the type and
geographic location of such REO Property and consistent with the Servicing Standard; provided, that all such insurance shall be obtained from Qualified Insurers that, if they are providing casualty insurance, shall have a claims-paying
ability rated at least “A-:VIII” by A.M. Best’s Key Rating Guide. The cost of any such insurance coverage obtained by either the Property Manager or the Special Servicer shall be a Property Protection Advance to be paid by the
Property Manager. All such insurance policies shall contain (if they insure against loss to property) a “standard” mortgagee clause, with loss payable to the Property Manager, as agent of and for the account of the applicable Issuer and
the Indenture Trustee; and shall be issued by an insurer authorized under applicable law to issue such insurance. Any amounts collected by the Property Manager or the Special Servicer under any such policies (other than amounts to be applied to the
restoration or repair of the related Mortgaged Property or amounts to be released to the related Tenant, in each case in accordance with the Servicing Standard) shall be deposited in the Collection Account, subject to withdrawal pursuant to
Section 2.11 of the Indenture. 
 (b) The Property Manager or Special Servicer may satisfy its obligations under
Section 3.07(a) by obtaining, maintaining or causing to be maintained a blanket or forced place insurance policy. If applicable, the Property Manager or the Special Servicer shall obtain and maintain, or cause to be obtained and
maintained on behalf of each applicable Issuer, a master forced place insurance policy or a blanket policy (or an endorsement to an existing policy) insuring against hazard losses (not otherwise insured by a Tenant or Borrower due to a default by
such Tenant or Borrower under the insurance covenants of its Lease or Mortgage Loan or because a Tenant or Borrower permitted to self-insure fails to pay for casualty losses) on the applicable Mortgaged Properties that it is required to service and
administer, which policy shall (i) be obtained from a Qualified Insurer having a claims-paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide and at least “A” by S&P, and (ii) provide
protection equivalent to the individual policies otherwise required under Section 3.07(a). The Property Manager and the Special Servicer shall bear the cost of any premium payable in respect of any such blanket policy (other than blanket
policies specifically obtained for Mortgaged Properties or REO Properties) without right of reimbursement; provided, that if the Property Manager or the Special Servicer, as the case may be, causes any Mortgaged Property or REO Property to be
covered by such blanket policy, the incremental costs of such insurance applicable to such Mortgaged Property or REO Property shall constitute, and be reimbursable as, a Property Protection Advance to the extent that, except with respect to an REO
Property, such blanket policy provides insurance that the related Borrower or Tenant, as 

  
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applicable, has failed to maintain. If the Property Manager or Special Servicer, as applicable, causes any Mortgaged Property or REO Property to be covered by a force-placed insurance policy, the
incremental costs of such insurance applicable to such Mortgaged Property or REO Property (i.e., other than any minimum or standby premium payable for such policy whether or not any Mortgaged Property or REO Property is covered thereby) shall
be paid as a Property Protection Advance. Such policy may contain a deductible clause (not in excess of a customary amount) in which case the Property Manager or the Special Servicer, as appropriate, shall, if there shall not have been maintained on
the related Mortgaged Property or REO Property a hazard insurance policy complying with the requirements of Section 3.07(a) and there shall have been one or more losses that would have been covered by such policy, promptly deposit into
the Collection Account from its own funds the amount not otherwise payable under the blanket policy in connection with such loss or losses because of such deductible clause. The Property Manager or the Special Servicer, as appropriate, shall prepare
and present, on behalf of itself, the Indenture Trustee and the applicable Issuer, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy. Any payments on such policy shall be made to the Property
Manager as agent of and for the account of the applicable Issuer, the Noteholders and the Indenture Trustee. 
 (c) Each of the
Property Manager, the Special Servicer and the Back-Up Manager shall at all times during the term of this Agreement (or, in the case of the Special Servicer, at all times during the term of this Agreement in which Specially Serviced Assets exist as
part of the Collateral) keep in force with a Qualified Insurer having a claims paying ability rated at least “A:VIII” by A.M. Best’s Key Rating Guide and at least “A” by S&P, a fidelity bond in such form and amount as
would not adversely affect any rating assigned by any Rating Agency to the Notes without giving effect to any Insurance Policy (as evidenced in writing from each Rating Agency). Each of the Property Manager and the Special Servicer shall be deemed
to have complied with the foregoing provision if an Affiliate thereof has such fidelity bond coverage and, by the terms of such fidelity bond, the coverage afforded thereunder extends to the Property Manager or the Special Servicer, as the case may
be. Such fidelity bond shall provide that it may not be canceled without ten (10) days’ prior written notice to the Issuers and each Insurer. 
 Each of the Property Manager, the Special Servicer and the Back-up Manager shall at all times during the term of this Agreement (or, in the case of the Special Servicer, at all times during the term of
this Agreement in which Specially Serviced Assets exist as part of the Collateral) also keep in force with a Qualified Insurer having a claims-paying ability rated at least “A: VIII” by A.M. Best’s Key Rating Guide and at least
“A” by S&P, a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers, employees and agents in connection with its servicing obligations hereunder, which policy or policies shall name the
Indenture Trustee as an additional insured and shall be in such form and amount as would not adversely affect any rating assigned by any Rating Agency to the Notes without giving effect to any Insurance Policy (as evidenced in writing from each
Rating Agency). Each of the Property Manager and the Special Servicer shall be deemed to have complied with the foregoing provisions if an Affiliate thereof has such insurance and, by the terms of such policy or policies, the coverage afforded
thereunder extends to the Property Manager or the Special Servicer, as the 

  
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case may be. Any such errors and omissions policy shall provide that it may not be canceled without ten (10) days’ prior written notice to the Issuers and each Insurer. 

Each of the Property Manager and the Special Servicer shall at all times during the term of this Agreement (or, in the case of the
Special Servicer, at all times during the term of this Agreement in which Specially Serviced Assets exist as part of the Collateral) also, on behalf of the Issuers, keep in force with a Qualified Insurer having a claims-paying ability rated at least
“A:VIII” by A.M. Best’s Key Rating Guide and at least “A” by S&P, a lessor’s general liability insurance policy or policies, which policy or policies shall be in such form and amount as would not adversely affect
any rating assigned by any Rating Agency to the Notes without giving effect to any Insurance Policy (as evidenced in writing from each Rating Agency). Any such general liability insurance policy shall provide that it may not be canceled without ten
(10) days’ prior written notice to the Issuers, each Insurer and the Indenture Trustee. Any payments on such policy shall be made to the Property Manager as agent of and for the account of any applicable Issuer and the Indenture Trustee.

 If the Property Manager (or its corporate parent), the Special Servicer (or its corporate parent) or the Back-Up Manager (or
its corporate parent), as applicable, are rated not lower than “A2” by Moody’s, “A” by S&P and “A” by Fitch (or each Insurer consents in writing), the Property Manager, the Special Servicer or the Back-Up
Manager, as applicable, may self-insure with respect to any insurance coverage or fidelity bond coverage required hereunder, in which case it shall not be required to maintain an insurance policy with respect to such coverage; provided, that
Spirit Finance may not self-insure with respect to any such insurance coverage or fidelity bond. 
 Section
3.08. Enforcement of Alienation Clauses; Consent to Assignment. 
 With respect to those Leases and Mortgage Loans it is
obligated to service hereunder, each of the Property Manager and the Special Servicer, on behalf of the Issuers and the Indenture Trustee for the benefit of the holders of the Notes and the Insurers, shall enforce the restrictions contained in the
related Lease and Mortgage Loans or in any other document in the related Lease File or Loan File on transfers or further encumbrances of the related Mortgaged Property and Mortgage Loan and on transfers of interests in the related Tenant, unless it
has determined, consistent with the Servicing Standard, that waiver of such restrictions would be in accordance with the Servicing Standard. After having made any such determination, the Property Manager or the Special Servicer, as the case may be,
shall deliver to the Indenture Trustee (and the Property Manager in the case of the Special Servicer) an Officer’s Certificate setting forth the basis for such determination. In connection with any assignment or sublet by a Tenant of its
interest under a Lease, the applicable Issuer shall not take any action to release such Tenant from its obligations under such Lease unless a new Tenant approved by such Issuer assumes the obligations under such Lease and any applicable requirements
set forth in the applicable Lease have been satisfied. 

  
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 Section 3.09. Realization Upon Specially Serviced Assets.

 (a) If the Special Servicer has determined, in its good faith and reasonable judgment, that any material default related to a
Specially Serviced Asset will not be cured by the related Obligor, the Special Servicer will be required to evaluate the possible alternatives available in accordance with the Servicing Standard and this Agreement with respect to such Specially
Serviced Asset. Such alternatives may include, among other things, modification or restructuring of the related Mortgage Loan or Lease, sale or exchange of the related Mortgage Loan or Mortgaged Property in accordance with Section 3.18
or the enforcement of remedies available under the related Mortgage Loan or Lease in accordance with Section 3.19, including foreclosure of the Mortgage Loan or eviction of the Tenant, as applicable, and the re-leasing of the related
Mortgaged Property. Subject to all other provisions and limitations set forth herein, the Special Servicer shall take such actions with respect to each Specially Serviced Asset as it determines in accordance with the Servicing Standard, acting in
the best interests of the applicable Issuer, the Noteholders and the Insurers. If the Property Manager re-leases any Mortgaged Property, the Property Manager shall deliver to the Indenture Trustee and the Issuers an amended Exhibit A-l
reflecting the addition of such Lease to the Collateral Pool. If the Lease has not been assumed and the related Mortgaged Property has not been sold or re-leased within 24 months of the related Lease becoming a Specially Serviced Asset, the Series
2005-1 Insurer may, upon written notice; require the Special Servicer to sell such Mortgaged Property in accordance with Section 3.18 and the cash proceeds will be applied pursuant to Section 3.05. 

(b) Upon the request of the Special Servicer, the Property Manager shall pay, as Property Protection Advances or Emergency Property
Expenses, as applicable, in accordance with Section 3.17(c), all costs and expenses (other than costs or expenses that would, if incurred, constitute a Nonrecoverable Property Protection Advance) incurred in connection with each
Specially Serviced Asset, and shall be entitled to reimbursement therefor as provided in Section 2.11 of the Indenture. If and when the Property Manager or the Special Servicer deems it necessary and prudent for purposes of establishing the
Fair Market Value of any Mortgaged Property related to a Specially Serviced Asset, the Special Servicer or the Property Manager, as the case may be, is authorized to have an appraisal done by an Independent MAI- designated appraiser or other expert
(the cost of which appraisal shall constitute a Property Protection Advance). 
 (c) Notwithstanding anything to the contrary
contained herein, neither the Property Manager nor the Special Servicer shall, on behalf of the applicable Issuer, obtain title to a Mortgaged Property that secures a Mortgage Loan by deed in lieu of foreclosure or otherwise, or take any other
action with respect to any Mortgaged Property that secures a Mortgage Loan, if, as a result of any such action, the applicable Issuer or the Indenture Trustee could, in the reasonable judgment of the Property Manager or the Special Servicer, as the
case may be, made in accordance with the Servicing Standard and which shall be based on Opinions of Counsel, be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner” or “operator” of
such Mortgaged Property within the meaning of CERCLA or any comparable law, unless: 
 (i) the Property Manager
or the Special Servicer, as the case may be, has previously determined in accordance with the Servicing Standard, based on (x) a Phase I 

  
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Environmental Assessment or comparable environmental assessment (and any additional environmental testing, investigation or analysis that the Property Manager or the Special Servicer, as
applicable, deems necessary and prudent) of such Mortgaged Property conducted by an Independent Person who regularly conducts such environmental testing, investigation or analysis, or (y) any environmental testing, investigation and/or analysis
conducted in connection with any related Environmental Policy, and performed during the twelve-month period preceding any such acquisition of title or other action and in each case after consultation with an environmental expert, that: 

(A) the Mortgaged Property is in compliance with applicable environmental laws and regulations or, if not, that it would
maximize the recovery to the applicable Issuer on a present value basis (the relevant discounting of anticipated collections to be performed at the relevant interest rate for the applicable Mortgage Loan or the capitalization rate used in respect of
the Lease for any Mortgaged Property) to acquire title to or possession of the Mortgaged Property and to effect such compliance, which determination shall take into account any coverage afforded under any related Environmental Policy with respect to
such Mortgaged Property; and 
 (B) there are no circumstances or conditions present at the Mortgaged Property
relating to the use, management or disposal of Hazardous Materials for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently applicable environmental laws and regulations or, if such
circumstances or conditions are present for which any such action could reasonably be expected to be required, that it would maximize the recovery to the applicable Issuer on a present value basis (the relevant discounting of anticipated collections
to be performed at the relevant interest rate for the applicable Mortgage Loan or the capitalization rate used in respect of the Lease for any Mortgaged Property) to acquire title to or possession of the Mortgaged Property and to take such actions,
which determination shall take into account any coverage afforded under any related Environmental Policy with respect to such Mortgaged Property; and 
 (ii) if the Property Manager or the Special Servicer, as applicable, has determined that the Mortgaged Property is not in compliance with applicable environmental laws or regulations, or that any such
circumstances or conditions described in clause (i)(B) above are present at the Mortgaged Property, it shall have notified the Indenture Trustee in writing that it has determined that the applicable Issuer or the Indenture Trustee could not
reasonably be considered to be a potentially responsible party (which determination may be based on an Opinion of Counsel the cost of which shall be a Property Protection Advance). 

(d) Any such determination by the Property Manager or the Special Servicer shall be evidenced by an Officer’s Certificate to such
effect delivered to the Indenture Trustee, the Controlling Parties and, in the case of the Special Servicer, the Property Manager, specifying all of the bases for such determination, such Officer’s Certificate to be accompanied by all related
environmental reports. The Property Manager or the Special Servicer, as 

  
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appropriate, shall undertake reasonable efforts to make the determination referred to in clause (ii) immediately above, and may conclusively rely on any related environmental
assessments referred to above in making such determination. The cost of any such environmental assessments, additional environmental testing and remedial, corrective or other further action contemplated by clause (i)(A) and clause
(i)(B) immediately above, shall be reimbursed, to the extent not paid by an Environmental Insurer or other party with liability for such amounts, to the Property Manager or the Special Servicer from the Collection Account as a Property
Protection Advance pursuant to Section 3.05, subject to Section 5.03. 
 (e) If the environmental
testing contemplated by Section 3.09(c) above establishes that any of the conditions set forth in Section 3.09(c)(i)(A) and (i)(B) immediately above have not been satisfied with respect to any Mortgaged Property, the
Property Manager or Special Servicer, as applicable, shall take such action as is in accordance with the Servicing Standard and, at such time as it deems appropriate, may, on behalf of the applicable Issuer and the Indenture Trustee, release all or
a portion of such Mortgaged Property from the lien of the related Mortgage; provided, that prior to the release of all or a portion of the related Mortgaged Property from the lien of the related Mortgage, (i) the Property Manager or the
Special Servicer, as applicable, shall have notified the Indenture Trustee in writing of its intention to so release all or a portion of such Mortgaged Property, (ii) the Indenture Trustee shall have notified the Controlling Parties in writing
of the intention to so release all or a portion of such Mortgaged Property and (iii) the Series 2005-1 Insurer has not objected to such release within 30 days of the distribution of the last of such notices. 

(f) The Property Manager or the Special Servicer, as applicable, shall report to the Indenture Trustee, the Property Manager (if
applicable) and the Insurers monthly in writing as to any actions taken by such party with respect to any Mortgaged Property as to which the environmental testing contemplated in Section 3.09(c) has revealed that any of the conditions
set forth in the first sentence of either Section 3.09(c)(i)(A) or (i)(B) have not been satisfied, in each case until such matter has been resolved. 
 (g) The Special Servicer shall have the right to determine, in accordance with the Servicing Standard, the advisability of seeking to obtain a deficiency judgment if the state in which the Collateral
securing a Specially Serviced Mortgage Loan is located and the terms of the Mortgage Loan permit such an action and shall, in accordance with the Servicing Standard, seek such deficiency judgment if it deems advisable. 

(h) The Special Servicer shall prepare and file the reports of foreclosures and abandonments of any Mortgaged Property and the
information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050J and 6050P of the Code and promptly deliver to the Insurers and the Indenture Trustee an Officer’s Certificate
stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by Sections 6050J and 6050P of the Code. 

(i) All sales of Mortgaged Properties pursuant to this Section 3.09 shall be conducted in accordance with the provisions of
Section 3.18 and Article VII as applicable. 

  
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 (j) Unless the Series 2005-1 Controlling Party or the Series 2005-1 Insurer provides written
notice of an approval or objection with respect to any action proposed by the Property Manager, the Special Servicer or the Back-Up Manager pursuant to this Section 3.09, Section 3.18 or as otherwise provided herein within 30
days after the related request for approval or consent is given to the Series 2005-1 Controlling Party or to the Series 2005-1 Insurer, such approval or consent shall be deemed to have been denied by the Series 2005-1 Controlling Party or the Series
2005-1 Insurer, as applicable. Notwithstanding the foregoing, the Special Servicer may take action prior to the lapse of either such 30-day period or at any other time without the consent of the Series 2005-1 Controlling Party or the Series 2005-1
Insurer if it determines, in accordance with the Servicing Standard, that such action is required by the Servicing Standard in order to avoid a material adverse effect on the Noteholders and is in the nature of an emergency. 

Section 3.10. Issuers, Custodian and Indenture Trustee to Cooperate; Release of Lease Files and Loan Files.

 (a) If from time to time, and as appropriate for servicing of any Mortgage Loan, Lease, assumption of a Lease, modification of
a Lease or the re-lease or sale of any Mortgaged Property, the Property Manager or the Special Servicer shall otherwise require the use of any Lease File or Loan File, as applicable (or any portion thereof), the Custodian, upon request of the
Property Manager and receipt from the Property Manager of a Request for Release in the form of Exhibit B attached hereto signed by a Servicing Officer thereof, or upon request of the Special Servicer and receipt from the Special Servicer of a
Request for Release in the form of Exhibit C attached hereto, shall release such Lease File or Loan File, as applicable (or portion thereof), to the Property Manager or the Special Servicer, as the case may be. Upon return of such Lease File
or Loan File, as applicable (or portion thereof), to the Custodian, or upon the Special Servicer’s delivery to the Indenture Trustee of an Officer’s Certificate stating that (i) such Lease or Mortgage Loan has been liquidated and all
amounts received or to be received in connection with such Lease or Mortgage Loan are required to be deposited into the Collection Account pursuant to Section 3.04(a) have been or will be so deposited or (ii) such Mortgaged Property
has been sold, a copy of the Request for Release shall be released by the Indenture Trustee to the Property Manager or the Special Servicer, as applicable. 
 (b) Within seven (7) Business Days of the Special Servicer’s request therefor (or, if the Special Servicer notifies the Issuers, the Insurers and the Indenture Trustee of an exigency, within
such shorter period as is reasonable under the circumstances), each of the applicable Issuer and the Indenture Trustee shall execute and deliver to the Special Servicer, in the form supplied to the applicable Issuer and the Indenture Trustee by the
Special Servicer, any court pleadings, leases, sale documents or other documents reasonably necessary to the re-lease, foreclosure or sale in respect of any Mortgage Loan or Mortgaged Property or to any legal action brought to obtain judgment
against any Obligor on the related Lease or Mortgage Loan or to obtain a judgment against an Obligor, or to enforce any other remedies or rights provided by the Lease or Mortgage Loan or otherwise available at law or in equity or to defend any legal
action or counterclaim filed against the applicable Issuer, the Property Manager or the Special Servicer; provided, that each of the applicable Issuer and the Indenture Trustee may alternatively execute and deliver to the Special Servicer, in
the form supplied to the applicable Issuer and the Indenture Trustee by the Special Servicer, a limited power of attorney 

  
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substantially in the form of Exhibit D issued in favor of the Special Servicer and empowering the Special Servicer to execute and deliver any or all of such pleadings or documents on
behalf of the applicable Issuer or the Indenture Trustee, as the case may be; provided, however, that neither the applicable Issuer nor the Indenture Trustee shall be held liable for any misuse of such power of attorney by the Special
Servicer. Together with such pleadings or documents (or such power of attorney empowering the Special Servicer to execute the same on behalf of the applicable Issuer and the Indenture Trustee), the Special Servicer shall deliver to each of the
applicable Issuer and the Indenture Trustee an Officer’s Certificate requesting that such pleadings or documents (or such power of attorney empowering the Special Servicer to execute the same on behalf of the applicable Issuer or the Indenture
Trustee, as the case may be) be executed by the applicable Issuer or the Indenture Trustee and certifying as to the reason such pleadings or documents are required. 
 (c) Upon the payment in full of any Mortgage Loan, or the receipt by the Property Manager of a notification that payment in full shall be escrowed in a manner customary for such purposes, the Property
Manager shall promptly notify the Insurers, the Custodian and the Indenture Trustee by a certification (which certification shall be in the form of a Request for Release in the form of Exhibit B attached hereto, shall be accompanied by the
form of any necessary release or discharge and shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Collection Account pursuant to
Section 3.04(a) have been or will be so deposited) of a Servicing Officer (a copy of which certification shall be delivered to the Special Servicer) and shall request delivery to it and release of the related Loan File. Upon receipt of
such certification and request, the Custodian shall promptly cause the release of the related Loan File to the Property Manager and the Indenture Trustee shall deliver to the Property Manager such release or discharge, duly executed. Except
customary fees and expenses, no expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Collection Account or to the Indenture Trustee. 

Section 3.11. Servicing Compensation; Interest on Property Protection Advances. 

(a) As compensation for its activities hereunder, the Property Manager shall be entitled to receive the Property Management Fee with
respect to each Mortgaged Property and Mortgage Loan included in the Collateral Pool. As to each such Mortgaged Property and Mortgage Loan included in the Collateral Pool, the Property Management Fee shall accrue at the related Property Management
Fee Rate on the basis of the Collateral Value of each such Mortgaged Property and Mortgage Loan and shall be calculated with respect to each Mortgage Loan on the same basis as interest accrues on such Mortgage Loan and with respect to each Mortgaged
Property on a 30/360 Basis. The right to receive the Property Management Fee may not be transferred in whole or in part except in connection with the transfer of all of the Property Manager’s responsibilities and obligations under this
Agreement. Earned but unpaid Property Management Fees shall be payable monthly out of general collections on deposit in the Collection Account pursuant to Section 3.05 and Section 2.11 of the Indenture. 

(b) Subject to the last sentence of Section 3.11(d), on each Remittance Date, the Property Manager shall be entitled to
receive: (i) all returned check fees, assumption, 

  
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modification and similar fees and late payment charges from Obligors with respect to Mortgaged Properties, Leases and Mortgage Loans that are not Specially Serviced Assets; and (ii) any
default interest collected on a Mortgaged Property, Lease or Mortgage Loan, but only to the extent that (x) such default interest is allocable to the period (not to exceed 60 days) when such Mortgaged Property, Lease or Mortgage Loan did not
constitute a Specially Serviced Asset and (y) such default interest is not allocable to cover interest payable to the Property Manager or the Back-Up Manager with respect to any Property Protection Advances made in respect of such Mortgage
Loan, Lease or Mortgaged Property (collectively, the “Property Manager Additional Servicing Compensation”). 
 (c) As compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Special Servicing Fee with respect to each Specially Serviced Asset. As to each Specially Serviced
Asset, the Special Servicing Fee shall accrue from time to time at the Special Servicing Fee Rate on the basis of the Collateral Value of such Specially Serviced Asset and shall be calculated with respect to each Specially Serviced Mortgage Loan on
the same basis as interest accrues on such Specially Serviced Mortgage Loan and with respect to each Mortgaged Property related to a Specially Serviced Lease on a 30/360 Basis. The Special Servicing Fee with respect to any Specially Serviced Asset
shall cease to accrue if (i) the related Mortgaged Property is sold or exchanged for a Qualified Substitute Mortgaged Property or such Specially Serviced Mortgage Loan is sold or exchanged for a Qualified Substitute Mortgage Loan, as
applicable, or (ii) such Specially Serviced Asset becomes a Corrected Lease or a Corrected Mortgage Loan, as applicable, or (iii) such Specially Serviced Asset becomes a Liquidated Lease or liquidated Mortgage Loan, as applicable. Earned
but unpaid Special Servicing Fees shall be payable monthly out of collections on deposit in the Collection Account pursuant to Section 3.05 hereof and Section 2.11 of the Indenture. 

The Special Servicer’s right to receive the Special Servicing Fee may not be transferred in whole or in part except in connection
with the transfer of all of the Special Servicer’s responsibilities and obligations under this Agreement. 
 (d) Subject to
the last sentence of this Section 3.1 l(d), on each Payment Date, the Special Servicer shall be entitled to receive: (i) all returned check fees, assumption, modification and similar fees and late payment charges received on or with
respect to the Specially Serviced Assets; and (ii) any default interest collected on a Specially Serviced Asset (to the extent that such default interest is not allocable to cover interest payable to the Property Manager or Back-Up Manager with
respect to any Property Protection Advances made in respect of the related Mortgage Loan, Lease or Mortgaged Property) as additional servicing compensation out of funds available for such purpose pursuant to Section 2.11 of the Indenture
(collectively, the “Special Servicer Additional Servicing Compensation”). Notwithstanding the foregoing, if the Special Servicer is terminated at a time when no Servicer Replacement Event existed with respect to the Special
Servicer and such Special Servicer was servicing or administering any Specially Serviced Assets as of the date of such termination, and such servicing or administration had been continuing for at least two (2) months, then the terminated
Special Servicer will be entitled to 50% of all modification fees earned by its successor with respect to such Specially Serviced Assets during the 12-month period following the date of such termination. 

  
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 (e) As and to the extent permitted by Section 2.11 of the Indenture, the Property
Manager and the Back-Up Manager shall each be entitled to receive Advance Interest on the amount of each Property Protection Advance made thereby for so long as such Property Protection Advance is outstanding. The Property Manager and the Back-Up
Manager shall be reimbursed for Property Protection Advances from funds available for such purpose pursuant to Section 3.03(d), in accordance with Section 3.05(a) and (b), and Section 2.11 of the Indenture.

 The Property Manager and the Special Servicer shall each be required to pay all ordinary expenses incurred by it in
connection with its servicing activities under this Agreement, including fees of any subservicers retained by it. In addition, the Property Manager and the Special Servicer shall not be reimbursed for its own internal costs and expenses and overhead
expenses, such as office space expenses, office equipment costs, supply costs or employee salaries or related costs and expenses. 
 (f) A Workout Fee shall be payable to the Special Servicer with respect to each Corrected Mortgage Loan or Corrected Lease. As to each such Corrected Mortgage Loan or Corrected Lease, the Workout Fee will
be payable out of, and shall be calculated by application of the Workout Fee Rate to, each collection of rents, interest (other than Default Interest) and principal (including scheduled payments, prepayments, Balloon Payments and payments at
maturity) received on such Mortgage Loan or Lease, as applicable, so long as it remains a Corrected Lease or Corrected Mortgage Loan; provided, that no Workout Fee shall be payable from, or based upon the receipt of, Liquidation Proceeds
collected in connection with (i) the purchase of any Specially Serviced Mortgage Loan, Mortgaged Property related to any Specially Serviced Lease or REO Property by the Property Manager or the Special Servicer or (ii) the repurchase of any
Specially Serviced Mortgage Loan or Mortgaged Property related to any Specially Serviced Lease by the Originator or Support Provider due to a Collateral Defect within the period provided to the Originator and Support Provider to cure such Collateral
Defect. In addition, no Workout Fee shall be payable with respect to any Corrected Mortgage Loan or Corrected Lease if and to the extent (i) such Mortgage Loan again becomes a Specially Serviced Mortgage Loan under clause (b) of the
definition of “Specially Serviced Mortgage Loan” or the Lease again becomes a Specially Serviced Lease under clause (b) of the definition of “Specially Serviced Lease” and (ii) no default under the Mortgage Loan
or Lease, as applicable, actually occurs, or if such default has occurred, it is cured within the 60 days provided in such clauses; provided, that a new Workout Fee will become payable if and when such Mortgage Loan or Lease again ceases to
be a Specially Serviced Asset. If the Special Servicer is terminated (with or without cause) or resigns with respect to any or all of its servicing duties, it shall retain the right to receive any and all Workout Fees payable with respect to the
Corrected Mortgage Loans or Corrected Leases during the period that it had responsibility for servicing Specially Serviced Assets (and the successor Special Servicer shall not be entitled to any portion of such Workout Fees), in each case until the
Workout Fee for any such Corrected Mortgage Loan or Corrected Lease ceases to be payable in accordance with the preceding sentence. If the Special Servicer is terminated for any reason or resigns as Special Servicer hereunder, and prior to such
resignation or termination, such Specially Serviced Asset would have been a Corrected Mortgage Loan or Corrected Lease but for the related Borrower or Tenant, as applicable, having made three full and consecutive Monthly Payments as provided in the
Lease Documents or Loan Documents, then such terminated or resigning Special Servicer shall be entitled to all, and the Successor 

  
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Special Servicer shall be entitled to none, of the Workout Fee payable in connection with such Specially Serviced Asset after it actually becomes a Corrected Mortgage Loan or Corrected Lease, as
applicable. 
 (g) A Liquidation Fee shall be payable to the Special Servicer with respect to (i) each Mortgage Loan or
Mortgaged Property repurchased by the related Originator or the Support Provider due to a Collateral Defect if purchased after the applicable cure period, (ii) any Specially Serviced Asset as to which the Special Servicer obtains a full,
partial or discounted payoff from the related Borrower of a Mortgage Loan or for some or all of the Collateral Value from the Mortgaged Property related to a Lease from the Tenant, or (iii) any Specially Serviced Asset or REO Property as to
which the Special Servicer recovers any Liquidation Proceeds; provided, that no Liquidation Fee shall be payable from, or based upon the receipt of, Liquidation Proceeds collected in connection with the purchase of any Specially Serviced
Mortgage Loan, Mortgaged Property related to any Specially Serviced Lease or REO Property by the Property Manager or the Special Servicer. As to each such Mortgage Loan or Lease repurchased by the related Originator or the Support Provider as
described above or any Specially Serviced Asset and REO Property, the Liquidation Fee shall be payable out of the related payment or proceeds and shall be calculated by application of the Liquidation Fee Rate to such related payment or proceeds.

 (h) As compensation for its activities hereunder, the Back-Up Manager shall be entitled to receive the Back-Up Fee with
respect to each Mortgaged Property and Mortgage Loan included in the Collateral Pool. As to each such Mortgaged Property and Mortgage Loan included in the Collateral Pool, the Back-Up Fee shall accrue at the related Back-Up Fee Rate on the basis of
the Collateral Value of each such Mortgaged Property and Mortgage Loan. The right to receive the Back-Up Fee may not be transferred in whole or in part except in connection with the transfer of all of the Back-Up Manager’s responsibilities and
obligations under this Agreement. Earned but unpaid Back-Up Fees shall be payable monthly pursuant to Section 3.05(a) and Section 2.11 of the Indenture. 

Section 3.12. Property Inspections; Collection of Financial Statements; Delivery of Certain Reports. 

(a) If a Lease or Mortgage Loan becomes a Specially Serviced Asset, the Special Servicer shall perform a physical inspection of the
related Mortgaged Property as soon as practicable thereafter and, if such Lease or Mortgage Loan remains a Specially Serviced Asset for more than two years, at least annually thereafter. The Special Servicer shall prepare a written report of each
such inspection performed by it that sets forth in detail the condition of the related Mortgaged Property and that specifies the existence of (i) any sale or transfer of such Mortgaged Property, or (ii) any change in the condition or value
of such Mortgaged Property that it, in its good faith and reasonable judgment, considers material. The Special Servicer shall deliver to the Issuers, the Indenture Trustee, the Property Manager, the Insurers and the Rating Agencies a copy of each
such written report prepared by it during each calendar quarter within 15 days of the end of such quarter. The Special Servicer shall receive reimbursement for reasonable out-of-pocket expenses related to any such inspection from the applicable
Issuers pursuant to Section 2.11 (b) of the Indenture. 

  
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 (b) The Special Servicer, in the case of any Specially Serviced Asset, and the Property
Manager, in the case of all other Leases and Mortgage Loans, shall make reasonable efforts to collect promptly from each related Obligor and review annual operating statements of the related Mortgaged Properties and financial statements of such
Obligor. 
 (c) Not later than December 15 of each year, commencing December 15, 2005, the Property Manager shall
deliver to the Issuers, the Indenture Trustee, the Insurers and the Special Servicer (i) from information, if any, that the Property Manager has most recently received pursuant to Section 3.12(b), a report setting forth the
aggregate Fixed Charge Coverage Ratios of all Obligors from whom it has received financial information sufficient to permit it to calculate such Fixed Charge Coverage Ratio (either at the “unit” level or corporate level, as applicable)
and, in each case, identifying the period covered by the related financial statements in its possession, and (ii) a schedule, in the form of the Mortgaged Property Schedule or Mortgage Loan Schedule, as applicable, prepared as of the applicable
Series Closing Date or, if applicable, such other Transfer Date, and further identifying on such schedule each Lease or Mortgage Loan (x) that has become a Liquidated Lease or Liquidated Mortgage Loan since the most recent delivery of such
schedule pursuant to this Section 3.12(c)(ii) (or, in the case of the first such delivery, since the Initial Closing Date), and specifying the date on which the sale or re-lease of the related Mortgaged Property or Mortgage Loan occurred
or (y) that has otherwise terminated in accordance with its terms and, in each case, specifying the date of such sale, re-lease or termination, the amount collected in connection therewith and the amount of any unreimbursed Property Protection
Advances, Emergency Property Expenses, Extraordinary Expenses and other amounts due under the related Mortgage Loan or Lease incurred in connection therewith. 
 Sections 3.13. Annual Statement as to Compliance. 
 Each
of the Property Manager and the Special Servicer shall deliver to the Issuers, to each Insurer, to the Indenture Trustee and, in the case of the Special Servicer, to the Property Manager, as soon as available, and in any event by the 15th day after each March 31 of each year (or the next succeeding
Business Day if any such day is not a Business Day) beginning in March 2006, an Officer’s Certificate stating, as to each signer thereof, that (i) a review of the activities of the Property Manager or the Special Servicer, as the case may
be, during the prior calendar year, and of its performance under this Agreement, has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based on such review, the Property Manager or the
Special Servicer, as the case may be, complied in all material respects throughout such period with the minimum servicing standards in this Agreement and fulfilled in all material respects throughout such period its obligations under this Agreement
or, if there was noncompliance with such standards or a default in the fulfillment of any such obligation in any material respect, such Officer’s Certificate shall include a description of such noncompliance or specify each such default, as the
case may be, known to such officer and the nature and status thereof. 
 Section 3.14. Reports by
Independent Public Accountants. 
 On or before March 31 of each year, beginning in March 2006, each of the Property
Manager and the Special Servicer, at its expense, shall cause an independent, registered 

  
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public accounting firm (which may also render other services to the Property Manager or the Special Servicer, as the case may be) to furnish to the Issuers, each Insurer and the Indenture Trustee
and, in the case of the Special Servicer, to the Property Manager a report containing such firm’s opinion that, on the basis of an examination conducted by such firm substantially in accordance with standards established by the American
Institute of Certified Public Accountants, the assertion made pursuant to Section 3.13 regarding compliance by the Property Manager or the Special Servicer, as the case may be, with the minimum servicing standards in the Uniform Single
Attestation for Mortgage Bankers during the preceding fiscal year (or from the Initial Closing Date through December 31, 2005, in the case of the first such report) is fairly stated in all material respects, subject to such exceptions and other
qualifications that, in the opinion of such firm, such institute’s standards require it to report. In rendering such statement, such firm may rely, as to matters relating to direct servicing of leases and mortgage loans by Sub-Managers, upon
comparable reports for examinations conducted substantially in accordance with such institute’s standards (rendered within one year of such report) of independent public accountants with respect to the related Sub-Manager. 

Section 3.15. Access to Certain Information; Delivery of Certain Information. 

(a) Each of the Property Manager and the Special Servicer shall afford to the other, to the Issuers, the Insurers, the Indenture Trustee
and the Rating Agencies and to the OTS, the FDIC and any other banking or insurance regulatory authority that may exercise authority over any holder of Notes or LLC Interests, reasonable access to any documentation regarding the Leases, Mortgage
Loans and Mortgaged Properties and its servicing thereof within its control, except to the extent it is prohibited from doing so by applicable law or contract or to the extent such information is subject to a privilege under applicable law to be
asserted on behalf of an Issuer or the holders of Notes or LLC Interests. Such access shall be afforded without charge but only upon reasonable prior written request and during normal business hours at the offices of the Property Manager or the
Special Servicer, as the case may be, designated by it. 
 (b) The Property Manager or the Special Servicer shall notify the
Rating Agencies, the Indenture Trustee and the Insurers of any Mortgaged Property whose Tenant has ceased to exercise its business activity on such Mortgaged Property within 30 days of becoming aware of such a circumstance. 

Section 3.16. Appraisals After a Property Protection Event; Title to REO Property. 

(a) If any Property Protection Event occurs at any time that an Insurance Policy is in effect, the Special Servicer shall obtain, as soon
as reasonably practical, a new full narrative (complete summary) or, with respect to Mortgaged Properties in the Restaurant Business Sector, limited scope (limited restricted) MAI appraisal with respect to the related Mortgaged Properties securing
each Mortgage Loan or Lease which first becomes a Specially Serviced Asset after the date of such Property Protection Event (i) within six months after the date the Mortgage Loan or Lease related to such Mortgaged Property first becomes a
Specially Serviced Asset (unless such requirement is waived by the Series 2005-1 Insurer) and (ii) unless 

  
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the Property Manager furnishes a certificate to the Indenture Trustee stating that no circumstances exist that would materially affect the value of such Specially Serviced Asset since the most
recent appraisal, on or about each twelve month anniversary of the date of such new appraisal for so long as the Mortgage Loan or Lease related to such Mortgaged Property remains a Specially Serviced Asset. 

(b) If title to any REO Property is acquired by the Special Servicer on behalf of the Issuer, the deed or certificate of sale shall be
issued to the applicable Issuer. Upon acquisition of such REO Property, the Special Servicer shall, if any amounts remain due and owing under the related Mortgage Note, cause the applicable Issuer to execute and deliver to the Indenture Trustee or
the Collateral Agent a new Mortgage (along with appropriate Financing Statements), as applicable, in favor of the Indenture Trustee or the Collateral Agent to secure the lien of the Indenture. 

(c) The Special Servicer shall remit to the Property Manager for deposit in the Collection Account or Release Account, as applicable,
upon receipt, all REO Revenues, Property Insurance Proceeds and Liquidation Proceeds received in respect of an REO Property or Specially Serviced Asset. 
 Section 3.17. Management of REO Properties and Mortgaged Properties relating to Defaulted Assets. 
 (a) [Reserved] 
 (b) At any time that a Mortgaged Property is not subject to a
Mortgage Loan or a Lease or is subject to a Mortgage Loan or a Lease that is a Defaulted Asset or with respect to an REO Property, the Special Servicer’s decision as to how such Mortgaged Property or REO Property shall be managed and operated
shall be based on the good faith and reasonable judgment of the Special Servicer as to the best interest of the applicable Issuer, the Insurers and the Noteholders by maximizing (to the extent commercially feasible) the net after-tax revenues
received by the applicable Issuer with respect to such property and, to the extent consistent with the foregoing, in the same manner as would commercial loan and lease servicers and asset managers operating property comparable to the respective
Mortgaged Property or REO Property under the Servicing Standard. The applicable Issuer, the Indenture Trustee and the Special Servicer may consult with counsel at the expense of the applicable Issuer in connection with determinations required under
this Section 3.17(b). Neither the Indenture Trustee nor the Special Servicer shall be liable to the Issuers, the Insurers, the holders of the Notes, the other parties hereto or each other, nor shall the applicable Issuer be liable to the
Issuers, the Insurers, any such holders or to the other parties hereto, for errors in judgment made in good faith in the exercise of their discretion while performing their respective responsibilities under this Section 3.17(b). Nothing
in this Section 3.17(b) is intended to prevent the sale or re-lease of a Mortgaged Property or REO Property pursuant to the terms and subject to the conditions of Section 3.18 and Article VII, as applicable.

 (c) The Special Servicer shall have full power and authority to do any and all things in connection with the servicing and
administration of any Mortgaged Property subject to a Defaulted Asset and any REO Property as are consistent with the Servicing Standard and, 

  
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consistent therewith, shall request that the Property Manager make, and the Property Manager shall make, Property Protection Advances, or pay Emergency Property Expenses from funds on deposit in
the Collection Account, necessary for the proper operation, management, maintenance and disposition of such Mortgaged Property or REO Property, including: 
  

	 	(i)	all insurance premiums due and payable in respect of such Mortgaged Property or REO Property; 

 

	 	(ii)	all real estate and personal property taxes and assessments in respect of such Mortgaged Property or REO Property that may result in the imposition of a lien thereon
(including taxes or other amounts that could constitute liens prior to or on parity with the lien of the related Mortgage); 

  

	 	(iii)	any ground lease rents in respect of such Mortgaged Property or REO Property; and 

 

	 	(iv)	all costs and expenses necessary to maintain, lease, sell, protect, manage, operate and restore such Mortgaged Property or REO Property. 

Notwithstanding the foregoing, the Property Manager shall have no obligation to make any such Property Protection Advance if (as evidenced by an
Officer’s Certificate delivered to the applicable Issuer and the Indenture Trustee) the Property Manager determines, in accordance with the Servicing Standard, that such payment would be a Nonrecoverable Property Protection Advance. The Special
Servicer shall submit requests to make Property Protection Advances to the Property Manager not more than once per month unless the Special Servicer determines on an emergency basis in accordance with the Servicing Standard that earlier payment is
required to protect the interests of the Issuers and the Noteholders. 
 Section 3.18. Sale and Exchange
of Mortgage Loans, Leases and Mortgaged Properties. 
 (a) The Property Manager, the Special Servicer and the applicable
Issuer may sell or purchase, or permit the sale or purchase of, a Mortgage Loan or Mortgaged Property only on the terms and subject to the conditions set forth in this Section 3.18 or as otherwise expressly provided in or contemplated
by Section 2.04, Section 3.09, Article VII and Article VIII. Except with respect to repurchases or substitutions by a related Originator or the Support Provider due to a Collateral Defect, an Issuer may only
sell or exchange a Mortgaged Property or Mortgage Loan to or with any of its Affiliates subject to the applicable conditions set forth in the Indenture (including any applicable Series Supplement). The aggregate Collateral Value of Qualified
Substitute Mortgage Loans and Qualified Substitute Mortgaged Properties acquired by the Issuers from any Affiliates of the Issuers (including with proceeds from sales to third parties), among other things, may not contravene the applicable limits
set forth in the Indenture (including the most recent Series Supplement). 
 (b) The Property Manager shall act on behalf of the
applicable Issuer and the Indenture Trustee in negotiating and taking any other action necessary or appropriate in connection with the sale of any Mortgaged Property or Mortgage Loan, other than a Mortgaged 

  
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Property related to a Defaulted Asset or REO Property and the collection of all amounts payable in connection therewith. The Special Servicer shall take such actions in connection with the sale
of any such Defaulted Asset, Mortgaged Property related to a Defaulted Asset, or REO Property as it determines in accordance with the Servicing Standard will be in the best interests of the applicable Issuer, the Noteholders and the Insurers. Any
sale of a Mortgaged Property, Defaulted Asset or REO Property shall be free and clear of the lien of the Indenture and shall be final and without recourse to the applicable Issuer or the Indenture Trustee. If such sale is consummated in accordance
with the terms of this Agreement, none of the Property Manager, the Special Servicer or the Indenture Trustee shall have any liability to the Issuers, the Insurers or any holder of Notes with respect to the purchase price therefor accepted by the
Property Manager, the Special Servicer or the Indenture Trustee, as the case may be. 
 Section 3.19.
Modifications, Waivers, Amendments and Consents. 
 (a) The Property Manager and the Special Servicer each may, consistent
with the Servicing Standard, agree to any modification, waiver or amendment of any term of, forgive any payment on, and permit the release of the Obligor on or any Guarantor of, any Lease or Mortgage Loan it is required to service and administer
hereunder, without the consent of the Insurers, the Issuers, the Indenture Trustee, any holder of Notes or any Controlling Party, subject to each of the following limitations, conditions and restrictions. 

(i) if an Early Amortization Event has occurred and is continuing, neither the Property Manager nor the Special Servicer
will agree to any modification, waiver or amendment of any term of, or take any of the other above referenced actions, with respect to any Lease or Mortgage Loan, without the prior written consent of the Series 2005-1 Insurer; and 

(ii) other than as provided in Sections 3.02 and 3.08, without the prior written consent of the Series
2005-1 Insurer, the Property Manager shall not agree to any modification, waiver or amendment of any term of, or take any of the other above referenced actions, with respect to any Lease or Mortgage Loan it is required to service and administer
hereunder, that would affect the amount or timing of any payment or other amount payable thereunder or, in the Property Manager’s good faith and reasonable judgment, would materially reduce the likelihood of timely payment of amounts due
thereon or would materially impair the security for any Mortgage Loan or Lease; the Special Servicer may, however, agree to any modification, waiver or amendment of any term of, or take any of the other above referenced actions, with respect to any
Specially Serviced Asset that would have any such effect, but only if (A) a material default on such Specially Serviced Asset has occurred or, (B) in the Special Servicer’s reasonable and good faith judgment, a default in respect of
payment on such Specially Serviced Asset is reasonably foreseeable, and such modification, waiver, amendment or other action is reasonably likely to produce a greater recovery to the applicable Issuer on a present value basis than would liquidation;

 provided, that (x) the limitations, conditions and restrictions set forth in subparagraphs (i) and (ii) shall not apply
to any modification, waiver, amendment or other action with respect to any Lease or Mortgage Loan that is required, without the exercise of the applicable Issuer’s discretion, 

  
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under the terms of such Lease or Mortgage Loan or that is solely within the control of the related Obligor, (y) notwithstanding the foregoing, neither the Property Manager nor the Special
Servicer shall be required to oppose the confirmation of a plan in any bankruptcy or similar proceeding involving an Obligor if in their reasonable and good faith judgment such opposition would not ultimately prevent the confirmation of such plan or
one substantially similar and (z) none of the limitations, conditions and restrictions set forth above shall limit the Property Manager’s or the Special Servicer’s ability to terminate any Lease or Mortgage Loan in accordance with the
terms thereof; provided, further, that, notwithstanding the foregoing, with respect to certain Mortgage Loans and/or Leases listed on Exhibit I attached hereto, the applicable Insurer shall be provided notice of all proposed
modifications, waivers or amendments of the terms thereof, and the prior written consent of such Insurer (so long as no Insurer Default shall have occurred and be continuing) shall be required for any modification, waiver or amendment of any
financial or material non-financial term thereof. 
 (b) The Property Manager and the Special Servicer shall have no liability
to the Issuers, the Indenture Trustee, the Insurers, the holders of the Notes or to any other Person if its analysis and determination that the modification, waiver, amendment or other action contemplated by Section 3.19(a) would not
materially reduce the likelihood of timely payment of amounts due thereon, or that such modification, waiver, amendment or other action is reasonably likely to produce a greater recovery to the applicable Issuer on a present value basis than would
an alternative course of action, should prove to be wrong or incorrect, so long as the analysis and determination were made on a reasonable basis in accordance with the Servicing Standard in good faith by the Property Manager or the Special
Servicer, as the case may be; 
 (c) The Property Manager and the Special Servicer each may, as a condition to its granting any
request by an Obligor for consent, modification, waiver or indulgence or any other matter or thing, the granting of which is within the Property Manager’s or Special Servicer’s, as the case may be, discretion pursuant to the terms of the
instruments evidencing or securing the related Lease or Mortgage Loan and is permitted by the terms of this Agreement, require that such Obligor pay to it, as additional servicing compensation, a reasonable or customary fee for the additional
services performed in connection with such request, together with any related costs and expenses incurred by it; and 
 (d) All
modifications, waivers, amendments and other actions entered into or taken in respect of a Lease or Mortgage Loan pursuant to this Section 3.19 shall be in writing. Each of the Property Manager and the Special Servicer shall notify the
other such party and the Issuers, the Insurers and the Indenture Trustee, in writing, of any modification, waiver, amendment or other action entered into or taken in respect of any Lease or Mortgage Loan pursuant to this Section 3.19 and
the date thereof, and shall deliver to the Custodian for deposit in the related Lease File or Loan File an original counterpart of the agreements relating to such modification, waiver, amendment or other action, promptly (and in any event within ten
(10) Business Days) following the execution thereof. In addition, following any modification, waiver, amendment or other action agreed to by the Property Manager or the Special Servicer pursuant to Section 3.19(a) above, the
Property Manager or the Special Servicer, as the case may be, shall deliver to the Issuers, to the Insurers, to the Indenture Trustee and, in the case of 

  
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the Special Servicer, to the Property Manager, an Officer’s Certificate setting forth in reasonable detail the basis of the determinations made by it pursuant to Section 3.19(a).

 Section 3.20. Transfer of Servicing Between Property Manager and Special Servicer; Record
Keeping. 
 (a) Upon determining that a Servicing Transfer Event has occurred with respect to any Lease or Mortgage Loan and
if the Property Manager is not also the Special Servicer, the Property Manager shall immediately give notice thereof and shall deliver the related Servicing File to the Special Servicer, and shall use its best efforts to provide the Special Servicer
with all information, documents (or copies thereof) and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to such Lease or Mortgage Loan reasonably requested by the Special Servicer to enable
it to assume its functions hereunder with respect thereto without acting through a Sub-Manager. The Property Manager shall use its best efforts to comply with the preceding sentence within five (5) Business Days of the occurrence of each
related Servicing Transfer Event. 
 Upon determining that a Specially Serviced Asset has become a Corrected Lease or Corrected
Mortgage Loan, and if the Property Manager is not also the Special Servicer, the Special Servicer shall immediately give notice thereof, and shall return the related Servicing File, to the Property Manager and, upon giving such notice and returning
such Servicing File, to the Property Manager, (i) the Special Servicer’s obligation to service such Lease or Mortgage Loan shall terminate, (ii) the Special Servicer’s right to receive the Special Servicing Fee with respect to
such Lease or Mortgage Loan shall terminate, and (iii) the obligations of the Property Manager to service and administer such Lease or Mortgage Loan shall resume, in each case, effective as of the first day of the following calendar month.

 (b) In servicing any Specially Serviced Assets, the Special Servicer shall provide to the Custodian, for the benefit of the
Indenture Trustee, originals of documents included within the definition of “Lease File” for inclusion in the related Lease File and “Loan File” for inclusion in the related Loan File (with a copy of each such original to the
Property Manager), and copies of any additional related Lease and Mortgage Loan information, including correspondence with the related Obligor. 
 (c) Notwithstanding anything in this Agreement to the contrary, in the event that the Property Manager and the Special Servicer are the same Person, all notices, certificates, information and consents
required to be given by the Property Manager to the Special Servicer or vice versa shall be deemed to be given without the necessity of any action on such Person’s part. 

Section 3.21. Sub-Management Agreements. 

(a) The Property Manager and the Special Servicer may enter into Sub-Management Agreements to provide for the performance by third parties
of any or all of their respective obligations hereunder; provided, that, in each case, the Sub-Management Agreement: (i) is consistent with this Agreement in all material respects and requires the Sub-Manager to

  
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comply with all of the applicable conditions of this Agreement; (ii) provides that if the Property Manager or the Special Servicer, as the case may be, shall for any reason no longer act
in such capacity hereunder (including by reason of a Servicer Replacement Event), the Back-Up Manager, or any Successor Property Manager or Successor Special Servicer may thereupon assume all of the rights and, except to the extent they arose
prior to the date of assumption, obligations of the Property Manager or the Special Servicer, as the case may be, under such agreement or, alternatively, may terminate such Sub-Management Agreement without cause and without payment of any penalty or
termination fee; (iii) provides that the Issuers, the Back-Up Manager, the Indenture Trustee, the other parties hereto and, as and to the extent provided herein, the third party beneficiaries hereof shall be third party beneficiaries under such
agreement, but that (except to the extent the Back-Up Manager or Successor Property Manager or Successor Special Servicer assumes the obligations of the Property Manager or the Special Servicer, as the case may be, thereunder as contemplated by the
immediately preceding clause (ii) and, in such case, only from the date of such assumption) none of the Issuers, the Indenture Trustee, the Back-Up Manager, the Insurers, any other party hereto, any successor Property Manager or Special
Servicer, as the case may be, any holder of Notes or LLC Interests or any other third party beneficiary hereof shall have any duties under such agreement or any liabilities arising therefrom; (iv) permits any purchaser of a Mortgaged Property
or Mortgage Loan pursuant to this Agreement to terminate such agreement with respect to such purchased Mortgaged Property or Mortgage Loan-at its option and without penalty; (v)’does not permt inc Sub-Manager to enter into or consent to any
modification, waiver or amendment or otherwise take any action on behalf of the Property Manager or Special Servicer, as the case may be, contemplated by Section 3.19 without the written consent of the Property Manager or Special
Servicer, as the case may be; and (vi) does not permit the Sub-Manager any rights of indemnification that may be satisfied out of the Collateral. In addition, each Sub-Management Agreement entered into by the Property Manager shall provide that
such agreement shall terminate with respect to any Lease and the related Mortgaged Property, and Mortgage Loan serviced thereunder at the time such Lease or Mortgage Loan becomes a Specially Serviced Asset, and each Sub-Management Agreement entered
into by the Special Servicer shall relate only to Specially Serviced Assets and shall terminate with respect to any such Lease or Mortgage Loan that ceases to be a Specially Serviced Asset. 

The Property Manager and the Special Servicer shall each deliver to the Issuers, each Insurer and the Indenture Trustee copies of all
Sub-Management Agreements, and any amendments thereto and modifications thereof, entered into by it, promptly upon its execution and delivery of such documents. References in this Agreement to actions taken or to be taken by the Property Manager or
the Special Servicer include actions taken or to be taken by a Sub-Manager on behalf of the Property Manager or the Special Servicer, as the case may be, and in connection therewith, all amounts advanced by any Sub-Manager to satisfy the obligations
of the Property Manager hereunder to make Property Protection Advances shall be deemed to have been advanced by the Property Manager out of its own funds and, accordingly, such Property Protection Advances shall be recoverable by such Sub-Manager in
the same manner and out of the same funds as if such Sub-Manager were the Property Manager. For so long as they are outstanding, Property Protection Advances shall accrue Advance Interest in accordance with Sections 3.ll(e) and
4.02(d), such interest to be allocable between the Property Manager and such Sub-Manager as they may agree. For purposes of this Agreement, the Property Manager 

  
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and the Special Servicer each shall be deemed to have received any payment, and shall be obligated to handle such payment in accordance with the terms of this Agreement, when a Sub-Manager
retained by it receives such payment. The Property Manager and the Special Servicer each shall notify the other, the Issuers, each Insurer and the Indenture Trustee in writing promptly of the appointment by it of any Sub-Manager. 

(b) Each Sub-Manager shall be authorized to transact business in the state or states in which the Mortgaged Properties it is to service
are situated, if and to the extent required by applicable law. 
 (c) The Property Manager and the Special Servicer, for the
benefit of the Issuers, shall (at no expense to the Issuers or the Indenture Trustee) monitor the performance and enforce the obligations of their respective Sub-Managers under the related Sub- Management Agreements. Such enforcement, including the
legal prosecution of claims, termination of Sub-Management Agreements in accordance with their respective terms and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Property
Manager or the Special Servicer, as applicable, in its good faith and reasonable judgment, would require were it the owner of the Mortgaged Properties and the Mortgage Loans. Subject to the terms of the related Sub-Management Agreement, the Property
Manager and the Special Servicer shall each have the right to remove a Sub-Manager retained by it at any time it considers such removal to be in the best interests of the Issuers. 

(d) If the Property Manager or the Special Servicer ceases to serve as such under this Agreement for any reason (including by reason of a
Servicer Replacement Event) and no Successor Property Manager or Successor Special Servicer, as the case may be, has succeeded to its rights and assumed its obligations hereunder, then the Back-Up Manager shall succeed to the rights and assume the
obligations of the Property Manager or the Special Servicer under any Sub-Management Agreement, unless (with the consent of each Insurer) the Indenture Trustee elects to terminate any such Sub-Management Agreement in accordance with its terms. In
any event, if a Sub-Management Agreement is to be assumed by the Back-Up Manager, then the Property Manager or the Special Servicer, as applicable, at its expense, shall, upon request of the Back-Up Manager, deliver to the Back-Up Manager all
documents and records relating to such Sub-Management Agreement and the Mortgaged Properties and the Mortgage Loans then being serviced thereunder and an accounting of amounts collected and held on behalf of it thereunder, and otherwise use its best
efforts to effect the orderly and efficient transfer of the Sub-Management Agreement to the assuming party. 
 (e)
Notwithstanding any Sub-Management Agreement, the Property Manager and the Special Servicer shall remain obligated and liable to the Issuers, the Noteholders, the Indenture Trustee and each other for the performance of their respective obligations
and duties under this Agreement in accordance with the provisions hereof to the same extent and under the same terms and conditions as if each alone were servicing and administering the Mortgage Loans, the Mortgaged Properties and Leases for which
it is responsible. 
 (f) The Property Manager or Special Servicer, as applicable, will be solely liable for all fees owed by it
to any Sub-Manager, irrespective of whether its compensation pursuant to this Agreement is sufficient to pay such fees. 

  
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 ARTICLE IV 
 REPORTS 
 Section 4.01. Reports to the Issuers, the
Indenture Trustee and the Insurers. 
 (a) Not later than 2:00 p.m. (New York City time), three (3) Business Days prior
to each Payment Date, the Property Manager shall deliver to each of the Issuers, the Insurers and the Indenture Trustee a report containing the information specified on Exhibit F hereto, and such other information with respect to the Mortgage
Loans, the Leases and Mortgaged Properties as the Indenture Trustee or the Insurers may reasonably request (such report, the “Determination Date Report”), reflecting information as of the close of business on the last day of
the related Collection Period, in a mutually agreeable electronic format. The Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans, the Leases and Mortgaged
Properties as is required by the Indenture Trustee for purposes of making the payments required by Section 2.11(b) of the Indenture and the calculations and reports referred to in Section 6.01 of the Indenture and otherwise therein, in
each case as set forth in written specifications or guidelines issued by any of the Issuers or the Indenture Trustee as the case may be from time to time The Property Manager shall also provide to the Indenture Trustee the wire instructions for the
relevant parties to which payments under Section 2.11(b) of the Indenture will be made. The Determination Date Report shall also contain a certification by the Property Manager that the Issuers have not incurred any indebtedness except
indebtedness permitted by the Transaction Documents. Such information shall be delivered by the Property Manager to each of the Issuers, the Indenture Trustee and the Insurers in agreed-upon format and such electronic or other form as may be
reasonably acceptable to the Issuers, the Indenture Trustee and the Insurers. The Special Servicer shall from time to time (and, in any event, as may be reasonably required by the Property Manager) provide the Property Manager with such information
regarding the Specially Serviced Assets as may be necessary for the Property Manager to prepare each Determination Date Report and any supplemental information to be provided by the Property Manager to the Issuers, the Insurers or the Indenture
Trustee. 
 (b) By 1:00 p.m. (New York City time), two (2) Business Days after the last day of each Collection Period, the
Special Servicer shall deliver to the Property Manager, the Insurers and the Indenture Trustee a report containing such information relating to the Mortgage Loans, the Leases and Mortgaged Properties managed by it and in such form as the Indenture
Trustee or the Insurers may reasonably request (such report, the “Special Servicer Report”) reflecting information as of the close of business on the last day of such Collection Period. 

(c) Not later than the 30th day following the end of each calendar quarter, commencing with the quarter ended September 30, 2005,
the Special Servicer shall deliver to the Indenture Trustee, the Insurers and the Property Manager a report containing such information and in such form as the Indenture Trustee or the Insurers may reasonably request (such report a
“Modified Collateral Detail and Realized Loss Report”) with respect to all 

  
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operating statements and other financial information collected or otherwise obtained by the Special Servicer pursuant to Section 3.12(b) during such calendar quarter. 

(d) Not later than 3:00 p.m. (New York City time) on the fourth Business Day prior to each Payment Date, the Property Manager shall
provide to the Indenture Trustee such information as is necessary for the Indenture Trustee to determine whether a claim will be required (and if so, the amount of such claim) under any Insurance Policy on such Payment Date. 

Section 4.02. Use of Agents. 
 The Property Manager may at its own expense utilize agents or attorneys-in-fact, including Sub-Managers, in performing any of its obligations under this Article IV, but no such utilization shall
relieve the Property Manager from any of such obligations, and the Property Manager shall remain responsible for all acts and omissions of any such agent or attorney-in-fact. The Property Manager shall have all the limitations upon liability and all
the indemnities for the actions and omissions of any such agent or attorney-in-fact that it has for its own actions hereunder pursuant to Article V, and any such agent or attorney-in-fact shall have the benefit of all the limitations upon
liability, if any, and all the indemnities provided to the Property Manager under Section 5.03(a). Such indemnities shall be expenses, costs and liabilities of the Issuers, and any such agent or attorney-in-fact shall be entitled to be
reimbursed therefor from the Collection Account as provided in Section 2.11 of the Indenture. 
 ARTICLE V 

THE PROPERTY MANAGER AND THE SPECIAL SERVICER 
 Section 5.01. Liability of the Property Manager and the Special Servicer. 
 The Property Manager and the Special Servicer shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Property Manager and the Special
Servicer, respectively, herein. 
 Section 5.02. Merger, Consolidation or Conversion of the Property
Manager and the Special Servicer. 
 Subject to the following paragraph, the Property Manager and the Special Servicer shall
each keep in full effect its existence, rights and franchises as a partnership, corporation, bank or association under the laws of the jurisdiction of its formation, and each will obtain and preserve its qualification to do business as a foreign
partnership, corporation, bank or association in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Leases and the Mortgage Loans and to perform its
respective duties under this Agreement. 
 Each of the Property Manager and the Special Servicer may be merged or consolidated
with or into any Person, or may transfer all or substantially all of its assets to any 

  
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Person, in which case any Person resulting from any merger or consolidation to which the Property Manager or the Special Servicer is a party, or any Person succeeding to the business of the
Property Manager or the Special Servicer, will be the successor Property Manager or the successor Special Servicer, as the case may be, hereunder, and each of the Property Manager and the Special Servicer may transfer its rights and obligations
under this Agreement to any Person; provided, however, that no such successor, surviving Person or transferee shall succeed to the rights of the Property Manager or the Special Servicer unless it shall have furnished to the Issuers,
the Insurers and the Indenture Trustee the Series 2005-1 Insurer’s written consent and the Rating Condition is satisfied. 
 Section 5.03. Limitation on Liability of the Property Manager, the Special Servicer and the Back-Up Manager; Environmental Liabilities. 

(a) None of the Property Manager, the Special Servicer or the Back-Up Manager or any director, officer, employee or agent of any such
party or Control Person over any of them shall be under any liability to the Issuers, the Insurers, the Indenture Trustee or the holders of the Notes or the LLC Interests for any action taken, or not taken, in good faith pursuant to this Agreement,
or for errors in judgment; provided, however, that none of the Property Manager, the Special Servicer or the Back-Up Manager shall be protected against any liability that would otherwise be imposed by reason of misfeasance, bad faith
or negligence in the performance of obligations or duties hereunder. The Property Manager and the Special Servicer and the Back-Up Manger and any director, officer, employee, agent or Control Person of any of them shall be entitled to
indemnification by the Issuers, payable, subject to Section 5.04 of the Indenture, from the Available Amount, against any loss, liability or expense incurred in connection with any legal action that relates to this Agreement, the Indenture, the
Purchase and Sale Agreements or the Notes; provided, however, that such indemnification shall not extend to any loss, liability or expense incurred by reason of misfeasance, bad faith or negligence in the performance of obligations or
duties under this Agreement. The Issuers, the Indenture Trustee and the Collateral Agent and any director, officer, employee, agent or Control Person of any of them shall be entitled to indemnification by the Property Manager, the Special Servicer
and the Back-Up Manager, as applicable, against any loss, liability or expense incurred in the performance of obligations or duties by the Property Manager, the Back-Up Manager or the Special Servicer, as applicable, under this Agreement. None of
the Property Manager, the Special Servicer or the Back-Up Manager, as applicable, shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its respective responsibilities under this Agreement and
that in its opinion may involve it in any expense or liability; provided, however, that each of the Property Manager, the Back-Up Manager and the Special Servicer shall be permitted, in the exercise of its discretion, to undertake any
such action that it may deem necessary or desirable with respect to the enforcement or protection of the rights and duties of the parties hereto or the interests of any Issuer hereunder. In such event, the legal expenses and costs of such action,
and any liability resulting therefrom, shall be expenses, costs and liabilities of any such Issuer, the Property Manager, the Special Servicer and the Back-Up Manager, as the case may be, and such parties shall be entitled to be reimbursed therefore
in accordance with Section 2.1l(b) of the Indenture. 

  
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 (b) The Property Manager shall enforce or pursue in accordance with the Servicing Standard
any claim for payment, indemnity or reimbursement available to any of the Issuers or the Indenture Trustee in respect of any environmental liabilities, losses, claims, costs or expenses, including, without limitation, any right to payment under an
Environmental Indemnity Agreement or a Performance Undertaking. The Property Manager shall seek payment from the Support Provider for any indemnities due under an Environmental Indemnity Agreement to the extent any such amounts are not paid by the
applicable Issuer on a current basis from the Available Amount remaining after payment of all other amounts owed by such Issuer on any Payment Date. Any amounts advanced by Spirit Finance, in its capacity as Property Manager, in respect of
environmental matters that are payable by the applicable Issuer under an Environmental Indemnity Agreement and are not reimbursed on a current basis as described above, shall be deemed to be payment by Spirit Finance, in its capacity as Support
Provider, and Spirit Finance shall not be entitled to reimbursement of any such amounts as a Property Protection Advance. 
 Section 5.04. Term of Service; Property Manager and Special Servicer Not to Resign. 
 The Issuers may, upon written consent by the Series 2005-1 Insurer and written notice (without any requirement of consent) to the Property Manager and the Special Servicer, transfer the servicing duties
and obligations of the Property Manager or the Special Servicer or both to a new servicer or servicers. Any such transfer shall be contingent upon receipt by the Indenture Trustee of written confirmation from: (1) each Rating Agency that such
transfer will not adversely affect its then current rating of the Notes without giving effect to any Insurance Policy; and (2) the replacement Property Manager or Special Servicer of its acceptance of its appointment. The Issuers and the
replacement Property Manager or Special Servicer shall execute and deliver a transfer agreement (the “Servicing Transfer Agreement”) mutually agreed upon in advance and effective on the transfer date (the
“Servicing Transfer Date”), whereby the replacement Property Manager or Special Servicer will agree to perform all of the duties and obligations of the Property Manager or the Special Servicer, as the case may be, under this
Agreement. The replacement Property Manager and Special Servicer shall be entitled to payment of a prorated portion (which shall be based on actual days of service and a year of 365 or 366 days, as applicable) of the Property Management Fee and the
Special Servicing Fee during its term of service. Each Servicing Transfer Agreement shall include any additional terms and provisions that the parties to this Agreement reasonably determine are necessary or appropriate and which additional terms and
provisions shall be approved by all the parties to the Servicing Transfer Agreement, which approvals shall not be unreasonably withheld. The Servicing Transfer Agreement shall contain a provision stating that the former Property Manager or Special
Servicer is relieved from all liability under this Agreement for acts or omissions occurring after the Servicing Transfer Date. 

Neither the Property Manager nor the Special Servicer shall resign from the obligations and duties hereby imposed on it, except upon
determination that its duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it, such other activities causing such a conflict being of a type
and nature carried on by the Property Manager or the Special Servicer, as the case may 

  
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be, at the date of this Agreement. Any such determination permitting the resignation of the Property Manager or the Special Servicer, as applicable, shall be evidenced by an Opinion of Counsel to
such effect that shall be delivered to the Issuers, the Insurers and the Indenture Trustee. No such resignation shall become effective until the Back-Up Manager or another successor shall have assumed the responsibilities and obligations of the
resigning party hereunder. Notwithstanding the foregoing, each of the Property Manager and the Special Servicer may cause all of the obligations and duties imposed on it by this Agreement to be assumed by, and may assign its rights, benefits or
privileges hereunder to, an Affiliate or, with the prior written approval of the Issuers and the Series 2005-1 Insurer (such approval not to be unreasonably withheld), a servicer that is not an Affiliate, in each case, upon its delivery to the
Issuers, the Insurers and the Indenture Trustee of written confirmation from each Rating Agency that such a transfer and assignment will not adversely affect its then-current rating of the Notes without giving effect to any Insurance Policy, and the
assumption by the assignee of all of the obligations and duties of the Property Manager and/or the Special Servicer, as applicable. Upon any such assignment and assumption by the assignee of all of the obligations of the Property Manager and/or the
Special Servicer, the assignor, Spirit Finance (or its successor acting prior to such assignment), shall be relieved from all liability hereunder for acts or omissions of the Property Manager and/or the Special Servicer, as applicable, occurring
after the date of the assignment and assumption. 
 If the Property Manager, Special Servicer or Back-Up Manager shall resign
pursuant to this Section 5.04 or be removed pursuant to Section 6.01, then such resigning Property Manager, Special Servicer or Back-Up Manager, as applicable, must pay all reasonable costs and expenses associated with the
transfer of its duties. If the Property Manager, Special Servicer or Back-Up Manager shall be removed pursuant to this Section 5.04, then the party requesting such removal of the Property Manager, Special Servicer or Back-Up Manager, as
applicable, shall pay all reasonable costs and expenses associated with the transfer of its duties. 
 Except as expressly
provided herein, neither the Property Manager nor the Special Servicer shall assign or transfer any of its rights, benefits or privileges hereunder to any other Person or delegate to or subcontract with, or authorize or appoint, any other Person to
perform any of the duties, covenants or obligations to be performed by it hereunder, or cause any other Person to assume such duties, covenants or obligations. If, pursuant to any provision hereof, the duties of the Property Manager or the Special
Servicer are transferred by an assignment and assumption to a successor thereto, the entire amount of compensation payable to the Property Manager or the Special Servicer, as the case may be, that accrues pursuant hereto from and after the date of
such transfer shall be payable to such successor. 
 Section 5.05. Rights of Certain Persons in Respect
of the Property Manager and the Special Servicer. 
 Each of the Property Manager and the Special Servicer shall afford to
the other and, also to the Issuers, the Insurers and the Indenture Trustee, upon reasonable notice, during normal business hours, (a) access to all records maintained by it relating to the Mortgage Loans, Mortgaged Properties and Leases
included in the Collateral Pool and in respect of its rights and obligations hereunder and (b) access to such of its officers as are responsible for such obligations. The Issuers may, but are not obligated to, enforce the obligations of the
Property 

  
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Manager and the Special Servicer hereunder and may, but are not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Property Manager or the Special Servicer
hereunder, or exercise the rights of the Property Manager or the Special Servicer hereunder, provided, however, that neither the Property Manager nor the Special Servicer shall be relieved of any of its obligations hereunder by virtue
of such performance by any such Issuer or its designee. The Issuer shall not have any responsibility or liability for any action or failure to act by or with respect to the Property Manager or the Special Servicer. 

Section 5.06. [Reserved]. 

Section 5.07. Property Manager or Special Servicer as Owner of Notes. 

The Property Manager or an Affiliate of the Property Manager, or the Special Servicer or an Affiliate of the Special Servicer, may become
the holder of any Notes or any LLC Interests with the same rights as it would have if it were not the Property Manager, the Special Servicer or any such Affiliate. Subject to Section 3.19, if, at any time during which the Property
Manager, the Special Servicer or any of their respective Affiliates is the holder of any Note or LLC Interest, the Property Manager or the Special Servicer proposes to take or omit to take action (i) which action or omission is not expressly
prohibited by the terms hereof and would not, in the Property Manager or the Special Servicer’s good faith judgment, violate the Servicing Standard, and (ii) which action, if taken, or omission, if made, might nonetheless, in the Property
Manager’s or the Special Servicer’s good faith judgment, be considered by other Persons to violate the Servicing Standard, the Property Manager or the Special Servicer may, but need not, seek the approval of the holders of the Notes and
the LLC Interests to such action or omission by delivering to the Issuers, the Insurers and the Indenture Trustee a written notice that (a) states that it is delivered pursuant to this Section 5.07, (b) identifies the portion
of Notes and LLC Interests beneficially owned by the Property Manager or the Special Servicer or an Affiliate of the Property Manager or the Special Servicer, as applicable, and (c) describes in reasonable detail the action that the Property
Manager or the Special Servicer, as the case may be, proposes to take. Upon receipt of such notice, the Issuers shall forward such notice to the applicable holders of the LLC Interests. If, at any time, the holders of LLC Interests representing
greater than 50% of the LLC Interests and a Requisite Global Majority (calculated without regard to the Notes or LLC Interests beneficially owned by the Property Manager and .its Affiliates or the Special Servicer and its Affiliates, as applicable)
separately consent in writing to the proposal described in the related notices, and if the Property Manager or the Special Servicer shall act as proposed in the written notice, and if the Property Manager or the Special Servicer, as the case may be,
takes action or omits to take action as proposed in such notice, such action or omission will be deemed to comply with the Servicing Standard. It is not the intent of the foregoing provision that the Property Manager or the Special Servicer be
permitted to invoke the procedure set forth herein with respect to routine servicing matters arising hereunder, but rather in the case of unusual circumstances. 

  
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 ARTICLE VI 
 SERVICER REPLACEMENT EVENTS 
 Section 6.01. Servicer
Replacement Events. 
 (a) “Servicer Replacement Event,” wherever used herein with respect to the
Property Manager or Special Servicer, means any one of the following events: 
  

	 	(i)	any failure by the Property Manager or the Special Servicer to remit moneys, as required under the Indenture or this Agreement, to the Collection Account, the Release
Account or the Payment Account, which failure remains unremedied for one (1) Business Day; or 

  

	 	(ii)	the Property Manager fails to make any Property Protection Advance, or fails to pay (or, in the event the Property Manager is Spirit Finance, fails to direct the
Indenture Trustee to pay) any Emergency Property Expense from funds on deposit in the Collection Account, in each case as required by the Indenture or this Agreement, which failure remains unremedied for three (3) Business Days; or

  

	 	(iii)	either the Property Manager or the Special Servicer fails to comply in any material respect with any other of the covenants or agreements on the part of the Property
Manager or the Special Servicer, as the case may be, contained in this Agreement, which failure continues unremedied for a period of 30 days after the date on which notice of such failure is given to the Property Manager or the Special Servicer, as
applicable (15 days in the case of a failure to pay the premium for any insurance policy required to be maintained pursuant to this Agreement or such fewer days as may be required to avoid the commencement of foreclosure proceedings for unpaid real
estate taxes or the lapse of insurance, as applicable); provided, however, that if the failure is capable of being cured and the Property Manager or Special Servicer is diligently pursuing that cure, the 30 day period will be extended
for another 30 days; or 

  

	 	(iv)	any breach on the part of the Property Manager or the Special Servicer of any representation or warranty contained in this Agreement that materially and adversely
affects the interests of any Issuer, Noteholder or Insurer and that continues unremedied for a period of 30 days after the date on which notice of such breach is given to the Property Manager or the Special Servicer, as applicable; provided,
however, that if the breach is capable of being cured and the Property Manager or the Special Servicer is diligently pursuing that cure, the 30 day period will be extended for another 30 days; or 

 

	 	(v)	 the Property Manager or the Special Servicer consents to the appointment of a receiver, liquidator, trustee or similar official relating to it or
relating 

  
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to all or substantially all of its assets or admits in writing its inability to pay its debts or takes other actions indicating its insolvency or inability to pay its obligations; or

  

	 	(vi)	a decree or order of a court having jurisdiction in any involuntary case for the appointment of a receiver, liquidator, trustee or similar official in any bankruptcy,
insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings is entered against the Property Manager or the Special Servicer and the decree or order remains in force for a period of 60 days; provided, that if
any decree or order cannot be discharged, dismissed or stayed within the 60-day period, the Property Manager or Special Servicer will have an addition 30 days to effect the discharge, so long as it commenced proceedings to have the decree or order
dismissed within the initial 60-day period and it is continuing to pursue the discharge; or 

  

	 	(vii)	the Property Manager or the Special Servicer assigns any of its obligations to any third party other than as permitted under this Agreement or any other Transaction
Document and does not remedy such breach within five Business Days of such assignment; or 

  

	 	(viii)	the Property Manager or the Special Servicer fails to observe any material reporting requirements, which failure remains unremedied, in the case of monthly insurance
draw notices to the Insurers pursuant to Section 4.01, if such notice is not delivered by 12:00 p.m. (New York City time) on the second Business Day immediately prior to the related Payment Date, or if such notice was timely delivered but with
a material defect, three (3) Business Days after notice of such defect requiring the same to be remedied, shall have been given to the Property Manager or the Special Servicer, as applicable, by any other party hereto or an Insurer, and
otherwise, 30 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Property Manager or the Special, as applicable, by any other party hereto or by an Insurer; or

  

	 	(ix)	the Issuers or the Indenture Trustee has received notice in writing from any applicable Rating Agency citing servicing concerns stating that the continuation of the
Property Manager or the Special Servicer in such capacity would be the sole cause of or be a material reason for a downgrade, qualification or withdrawal of any of the ratings then assigned by such Rating Agencies to any Class of Notes, without
giving effect to any related Insurance Policy; or 

  

	 	(x)	In addition, for so long as Spirit Finance is the Property Manager or Special Servicer, the following Servicer Replacement Events will be applicable:

  
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	 	(A)	either (i) a Change of Control of Spirit Finance has occurred without the prior written consent of the Insurers or (ii) a change of a majority of the members
of Spirit Finance’s board of directors without the new directors having been approved by the board of directors that existed immediately prior to the appointment of such new directors; 

 

	 	(B)	an Early Amortization Event (if such Early Amortization Event is not waived) or Event of Default has occurred and is continuing; 

 

	 	(C)	Spirit Finance shall permit its Net Worth at the end of any fiscal quarter to be less than $400,000,000; 

 

	 	(D)	any final judgment in excess of $5,000,000 is entered against Spirit Finance that is not paid, discharged, bonded or stayed within 60 days; or 

 

	 	(E)	the ratio of Total Indebtedness to Total Assets with respect to Spirit Finance is equal to or greater than 75% as of the end of any fiscal quarter.

 When a single entity acts as Property Manager and Special Servicer, a Servicer Replacement Event in one
capacity shall constitute a Servicer Replacement Event in each capacity; provided, however, that, subject to Section 6.01(b), the Issuers may (with the consent of the Series 2005-1 Insurer) at their option elect to
terminate the Property Manager or the Special Servicer in one or the other capacity rather than both such capacities. Each of the Property Manager and the Special Servicer will notify the Indenture Trustee and the Insurers in writing of the
occurrence of a Servicer Replacement Event or an event that, with the giving of notice or the expiration of any cure period, or both, would constitute a Servicer Replacement Event promptly upon obtaining knowledge thereof. 

(b) (i) If any Servicer Replacement Event with respect to the Property Manager or the Special Servicer (in either case, for purposes
of this Section 6.01(b), the “Defaulting Party”) shall occur and be continuing, then, and in each and every such case, so long as the Servicer Replacement Event shall not have been remedied, the Issuers
(i) may, with the consent of the Series 2005-1 Insurer (and shall at the direction of the Series 2005-1 Insurer), (x) terminate the Defaulting Party by notice in writing to the Defaulting Party (with a copy of such notice to each other
party hereto) and (y) terminate all of the rights and obligations accruing from and after such notice of the Defaulting Party under this Agreement and in and to the Collateral (other than as a holder of any Note or LLC Interest). In addition,
upon the occurrence of a Servicer Replacement Event, the Indenture Trustee may (with the consent of the Requisite Global Majority), and shall at the direction of the Requisite Global Majority, terminate the Property Manager and/or Special Servicer,
as applicable. In addition, the Series 2005-1 Insurer shall be entitled to terminate the rights and obligations of the Property Manager and/or the Special Servicer under this Agreement, upon 30 Business Days’ written notice to the Property
Manager, the Special Servicer and the Indenture Trustee. Following any such termination, the Back-up Manager shall serve as Property Manager and/or Special Servicer, as 

  
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applicable, subject to and in accordance with Section 6.02(b) and, the Issuers may appoint a successor property manager (the “Successor Property Manager”)
and/or a successor special servicer (the “Successor Special Servicer”) in accordance with Section 6.01(b)(iii), each of which shall serve as and have all the rights and obligations of the Property Manager of the
Special Servicer, as applicable. 
 (ii) Any such appointment of a Successor Property Manager or Successor Special Servicer will
be subject to, among other things, (i) the satisfaction of the Rating Condition, (ii) the Series 2005-1 Insurer’s prior written consent and (iii) the written agreement of the Successor Property Manager or Successor Special
Servicer to be bound by the terms and conditions of this Agreement, together with an Opinion of Counsel regarding the enforceability of such agreement Subject to the foregoing, any person, including any holder of Notes or LLC Interests or any
Affiliate thereof, may be appointed as Successor Property Manager or Successor Special Servicer. 
 (iii) . In the event that a
Successor Property Manager or Successor Special Servicer has failed to assume the responsibilities of the Property Manager or Special Servicer as provided in this Agreement within 30 days of written notice of termination to the Defaulting Party (the
“Successor Replacement Date”), the Back-Up Manager shall be the Property Manager or the Special Servicer, as applicable under this Agreement; provided, however, that the issuers shall have the right to replace
the Back-Up Manager acting as Property Manager or Special Servicer without cause upon 30 days written notice, subject to the Series 2005-1 Insurer’s written consent. 
 (iv) Each of the Property Manager and the Special Servicer agrees that, if it is terminated pursuant to this Section 6.0 l(b), it shall promptly (and in any event not later than ten
(10) Business Days prior to the effective date of such termination) provide the Back-Up Manager or any Successor Property Manager or Successor Special Servicer, as applicable, with all documents and records in accordance with
Section 6.02(b) and shall cooperate with such successor in effecting the termination of the responsibilities and rights of the Property Manager or Special Servicer hereunder, including the transfer within two (2) Business Days after
receipt by the terminated Property Manager or Special Servicer to the Back-Up Manager or any Successor Property Manager for administration by it of all cash amounts that shall at the time be or should have been credited to the Collection Account,
the Release Account or any Servicing Account or thereafter be received by or on behalf of it with respect to any Mortgage Loan, Lease or Mortgaged Property; provided, however, that the Property Manager and the Special Servicer each
shall, if terminated pursuant to this Section 6.01(b), continue to be obligated for or entitled to pay or receive all amounts accrued or owing by or to it under this Agreement on or prior to the date of such termination, whether in
respect of Property Protection Advances or otherwise, and it and its directors, officers, employees and agents shall continue to be entitled to the benefits of Section 5.03(a) notwithstanding any such termination. 

Section 6.02. Back-Up Manager. 
 (a) Following the Successor Replacement Date with respect to the Property Manager, the Property Manager shall arrange for the delivery to the Back-Up Manager of all of the Servicing Files, which Servicing
Files shall contain sufficient data to permit the Back-Up Manager to assume the duties of the Property Manager or Special Servicer hereunder without 

  
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delay on account of the absence of relevant servicing information. Following the Successor Replacement Date with respect to the Special Servicer, the Property Manager or the Special Servicer, as
applicable, shall arrange for the delivery to the Back-Up Manager of each of the Servicing Files for any Specially Serviced Asset, which Servicing Files shall contain sufficient data to permit the Back-Up Manager to assume the duties of the Special
Servicer hereunder without delay on account of the absence of relevant servicing information. 
 (b) Following the Successor
Replacement Date, the Back-Up Manager shall use reasonable efforts to diligently complete the physical transfer of servicing from the terminated Property Manager or Special Servicer with the cooperation of such Defaulting Party. From and after the
date physical transfer of servicing is completed (the “Back-Up Servicing Transfer Date”), the Back-Up Manager shall service and/or specially service the Mortgage Loans and Leases in accordance with the provisions of this
Agreement with all the rights and obligations of the Property Manager and the Special Servicer and shall have no liability or responsibility with respect to any obligations of each Defaulting Party, arising prior to the Transfer Date. The Issuers,
if they determine in their reasonable discretion that enforcement rights and/or remedies are available to the holders of the Notes against the terminated Property Manager or Special Servicer and it is prudent under the circumstances to enforce such
rights, agree to enforce their rights under this Agreement against the terminated Property Manager or Special Servicer, including any rights they have to enforce each Defaulting Party’s obligation to fully cooperate in the orderly transfer and
transition of servicing and otherwise comply with the terms of this Agreement. In the event that the Back-Up Manager discovers or becomes aware of any errors in any records or data of each Defaulting Party’s which impairs its ability to perform
its duties hereunder, the Back-Up Manager shall notify the Issuers, each Insurer and the Indenture Trustee in writing of such errors and shall, at each Defaulting Party’s expense and upon the Issuers’ direction, undertake to correct or
reconstruct such records or data. 
 (c) From and after the date of this Agreement until the Back-Up
Servicing Transfer Date, the Property Manager shall provide or cause to be provided to the Back-Up Manager on the
20th day of each month, in electronic form, a complete
data tape of the Mortgage Loan Schedule, the Mortgaged Property Schedule and such other information as any Issuer or any Insurer may reasonably deem necessary, including all information necessary to determine the Release Price and original purchase
price paid by, Originator, and shall make available to the Back-Up Manager a copy of the Determination Date Report and any Special Servicer Report. The Back-Up Manager will perform an initial comprehensive data integrity review and a monthly review
of this information to determine whether it provides adequate information to enable the Back-Up Manager to perform its obligations hereunder as the Back- Up Manager. To the extent that the Back-Up Manager determines within ten (10) calendar
days of its receipt of such information that such information is adequate for the Back-Up Manager to perform its obligations as the Back-Up Manager, the Back-Up Manager will provide the Issuers and the Indenture Trustee with written notice to that
effect. To the extent that the Back-Up Manager determines within ten (10) calendar days of its receipt of such information that such information is inadequate for the Back-Up Manager to perform its obligations as the Back-Up Manager, the
Back-Up Manager will provide prompt written notice to the Issuers, each Insurer and the Property Manager identifying any deficiencies in such information that do not enable the Back-Up Manager to perform its obligations as the Back-Up Manager. The
Property 

  
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Manager shall use its best efforts to provide any such deficient information to the Back-Up Manager within ten (10) calendar days of receipt of such notice from the Back-Up Manager.

 (d) Within ten (10) Business Days of the date of receipt from the Property Manager, the Back-Up Manager shall, in order
to understand the purpose of each data field (and the interrelationships among such data fields), review the form of Determination Date Report, the Special Servicer Report and the Modified Collateral Detail and Realized Loss Report, each in the form
agreed to by the Property Manager, the Series 2005-1 Insurer and the Back-Up Manager. Provided the data in the Determination Date Report, the Special Servicer Report and the Modified Collateral Detail and Realized Loss Report are in a format
readable by the Back- Up Manager, the Back-Up Manager shall create a set of conversion routines and database mapping programs, as necessary, that will enable the Back-Up Manager to (i) receive such data from the Property Manager on a monthly
basis and to ensure that the data is readable, and (ii) independently generate such Determination Date Reports and Special Servicer Reports, as applicable, following the Back-Up Servicing Transfer Date. 

(e) On a monthly basis, the Back-Up Manager shall (x) verify receipt of the Determination Date Report and the Special Servicer
Report required to be delivered by the Property Manager, together with any other records and data supplied to the Issuers, Insurers, Indenture-Trustee, or otherwise hereunder, by Property Manager with respect to the Mortgage Loans and Leases, and
(y) verify that such records and data are in a readable format. 
 (f) The Back-Up Manager may resign from its obligations
under this Agreement (i) with the consent of the Requisite Global Majority, (ii) upon a determination that such obligations are no longer permitted under applicable law or (iii) if the Back-Up Manager identifies a successor back-up
manager who agrees to undertake the obligations of the Back-Up Manager under this Agreement and receives the written consent of the Series 2005-1 Insurer and written confirmation of satisfaction of the Rating Condition. 

Section 6.03. Additional Remedies of the Issuers and the Indenture Trustee upon a Servicer Replacement Event.

 During the continuance of any Servicer Replacement Event, so long as such Servicer Replacement Event shall not have been
remedied, in addition to the rights specified in Section 6.01, the Issuers shall have the right, and the Indenture Trustee shall have the right, in its own name and as trustee of an express trust, to take all actions now or hereafter
existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Insurers, the holders of the LLC Interests and the Notes (including the institution and prosecution
of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, 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 Servicer
Replacement Event. 

  
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 ARTICLE VII 
 TRANSFERS AND EXCHANGES OF MORTGAGED PROPERTIES AND MORTGAGE 
 LOANS BY THE
APPLICABLE ISSUERS; RELEASE OF MORTGAGED PROPERTIES 
 AND MORTGAGE LOANS BY THE APPLICABLE ISSUERS. 

Section 7.01. Released Mortgage Loans and Released Mortgaged Properties. 

(a) The applicable Issuers may obtain the release (the “Release”) of Mortgage Loans or Mortgaged Properties (any
such Mortgage Loan or Mortgaged Property, a “Released Mortgage Loan” or “Released Mortgaged Property” as applicable) in connection with (i) the exercise of a Third Party Purchase Option,
(ii) the purchase or substitution of a Delinquent Asset or Defaulted Asset by the Special Servicer or the Property Manager or any assignee thereof, (iii) the repurchase or substitution of a Mortgage Loan or Mortgaged Property by the
related Originator or Support Provider due to a Collateral Defect, (iv) the sale of a Mortgage Loan or Mortgaged Property to a third party or to a Spirit SPE or (v) the exchange of a Mortgage Loan or Mortgaged Property with a third party,
the Support Provider or a Spirit SPE; provided, however, that in no event shall the applicable Issuer obtain any such release unless, after giving effect to any such Release and any resulting changes to the Collateral Pool, the
Indenture Trustee shall have received an Opinion of Counsel to the effect that, for U.S. federal income tax purposes, no tax gain or loss will be recognized by any Noteholder or any Issuer with respect to any outstanding Series solely as a result of
such Release and the resulting changes in the Collateral Pool (the “Tax Required Condition”). In addition, without the consent of the Series 2005-1 Insurer and at least 20 days’ prior written notice to the Rating
Agencies, no Mortgage Loan or Mortgaged Property shall constitute a Qualified Substitute Mortgage Loan or Qualified Substitute Mortgaged Property, as applicable, unless, after giving effect to the transfer of such Mortgage Loan or Mortgaged Property
to the applicable Issuer in exchange for a Released Mortgage Loan or Released Mortgaged Property, as applicable, either (i) no Property Concentration shall exceed the applicable Maximum Property Concentration, or (ii) if any Property
Concentration on the date of such substitution exceeds the related Maximum Property Concentration, such Property Concentration shall be reduced or remain unchanged after giving effect to such substitution. 

(b) Except in connection with the release of a Mortgage Loan or a Mortgaged Property in exchange for a Qualified Substitute Mortgage Loan
or a Qualified Substitute Mortgaged Property, the applicable Issuer will be required to obtain the applicable Release Price in order to obtain the Release of a Mortgage Loan or Mortgaged Property. The “Release Price” for any
Mortgage Loan or Mortgaged Property will be an amount equal to (i) the Third Party Option Price if the release occurs in connection with any Third Party Purchase Option, (ii) the Fair Market Value with respect to any Delinquent Asset or
Defaulted Asset purchased by the Special Servicer or the Property Manager or any assignee thereof (provided, that the Fair Market Value is equal to or greater than the Allocated Collateral Amount thereof), (iii) the Payoff Amount with respect
to any Mortgage Loan or Mortgaged Property repurchased by the related Originator or the Support Provider due to a Collateral Defect, (iv) the greater of (A) the Fair Market Value and (B) the sum of 125% of the Allocated Collateral
Amount plus 

  
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unreimbursed Property Protection Advances (plus Advance Interest thereon) and Emergency Property Expenses for any Mortgage Loan or Mortgaged Property sold to a third party or a Spirit SPE or
(v) the Fair Market Value of any Mortgage Loan or Mortgaged Property, as applicable, if the Property Manager or the Special Servicer deems the release and sale of such Mortgage Loan or Mortgaged Property to be in the best interest of the
Noteholders and the Series 2005-1 Insurer gives its prior written consent (such consent not to be unreasonably withheld) to the release and sale of such Mortgage Loan or Mortgaged Property. In determining the Fair Market Value, the Property Manager
or the Special Servicer, as applicable, shall establish a price determined to be the most probable price which such Mortgage Loan or Mortgaged Property should bring in a competitive and open market under all conditions requisite to a fair sale, the
buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. In making any such determination, the Property Manager or Special Servicer may obtain an MAI appraisal of the related Mortgaged
Property and shall assume the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (i) buyer and seller are typically motivated; (ii) both parties are well informed or well
advised, and acting in what they consider their best interests; (iii) a reasonable time is allowed for exposure in the open market; (iv) payment is made in terms of cash in United States dollars or in terms of financial arrangements
comparable thereto; and (v) the price represents the normal consideration for such Mortgage Loan or Mortgaged Property unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. The Property
Manager or Special Servicer shall take into account, among other factors, the period and amount of the delinquency on such Mortgage Loan or Lease, the occupancy level and physical condition of the related Mortgaged Property, the state of the local
economy in the area where the Mortgaged Property is located, and the time and expense associated with a purchaser foreclosing on the related Mortgaged Property. In addition, the Property Manager or the Special Servicer, as applicable, shall refer to
all other relevant information obtained by it or otherwise contained in the Servicing File, taking into account any change in circumstances regarding the related Mortgaged Property known to the Property Manager or the Special Servicer, as
applicable, that would materially affect the value of the related Mortgaged Property reflected in the most recent appraisal. Furthermore, the Property Manager or the Special Servicer, as applicable, may consider objective third party information
obtained from generally available sources, as well as information obtained from vendors providing real estate services to the Property Manager or the Special Servicer, as applicable, concerning the market for distressed real estate loans and the
real estate market for the subject property type in the area where the related Mortgaged Property is located. The Property Manager or the Special Servicer, as applicable, may also conclusively rely on any opinions or reports of qualified independent
experts in real estate or commercial mortgage loan matters. All reasonable out-of-pocket costs and expenses incurred by the Property Manager or the Special Servicer, as applicable, pursuant to making a determination of Fair Market Value shall
constitute, and be reimbursable as, Property Protection Advances. 
 (c) Any Release Price (plus sales proceeds in excess
thereof (any such excess amount, a “Purchase Premium”)) received by the applicable Issuer in connection with the release of a Mortgage Loan or Mortgaged Property shall first be deposited into the Release Account and, after
payment of any unreimbursed Extraordinary Expenses, Property Protection Advances (plus Advance Interest thereon) and Emergency Protection Expenses related to such 

  
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Mortgage Loan or Mortgaged Property and the expenses related to such Release pursuant to Section 3.11(e), shall either (i) be applied by such Issuer to acquire a Qualified
Substitute Mortgage Loan or Qualified Substitute Mortgaged Property, as applicable, within twelve months following the related Release or (ii) subsequently be deposited as Unscheduled Proceeds into the Collection Account to be paid as
Unscheduled Principal Payments on the related Payment Date. Any amounts remaining in the Release Account, related to such a Release and following such twelve month period will be transferred as Unscheduled Proceeds into the Collection Account and
applied as Unscheduled Principal Payments on the following Payment Date. Notwithstanding the foregoing, during the continuance of an Early Amortization Event, all amounts on deposit in the Release Account will be transferred as Unscheduled Proceeds
into the Collection Account and applied as Unscheduled Principal Payments on the following Payment Date. 

Section 7.02. Third Party Purchase Options; Release of Mortgaged Properties to Affiliates under Defaulted or
Delinquent Assets; Other Sales or Exchanges. 
 (a) In the event any third party authorized to do so exercises a Third
Party Purchase Option in accordance with the terms of the applicable Lease, the Third Party Option Price paid by such third party shall be deposited into the Release Account, at the direction of the Property Manager, and upon receipt of an
Officer’s Certificate from the Property Manager to the effect that such deposit has been made (which the Property Manager shall deliver to the Indenture Trustee, each Insurer and the Issuers promptly after such deposit is made), the Indenture
Trustee shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be provided to it by the Property Manager and are reasonably necessary to release the related Mortgage or any other lien on or
security interest in such Mortgaged Property (each, a “Third Party Option Mortgaged Property”); provided, however, that the Tax Required Condition is met. Each of the applicable Issuers and the Property Manager
hereby covenant and agree that they shall not solicit any Person to exercise any Third Party Purchase Option. 
 (b) A Mortgaged
Property leased under any Delinquent Asset or any Defaulted Asset, or a Mortgage Loan secured by such a Mortgaged Property, may at the option of the Property Manager or Special Servicer be (a) purchased by the Special Servicer or the Property
Manager or any assignee thereof for cash in an amount equal to the applicable Release Price, or (b) substituted for one or more Qualified Substitute Mortgaged Properties or Qualified Substitute Mortgage Loans owned by the Special Servicer, the
Property Manager or any assignee thereof; provided, that no Early Amortization Event has occurred and is continuing or would occur as a result of such purchase or substitution; provided, further, that the Tax Required Condition
is met. With respect to any Lease that is a Defaulted Asset, if such Lease has not been assumed and the related Mortgaged Property has not been sold or re-leased within 24 months of such Defaulted Asset becoming a Specially Serviced Asset, the
Series 2005-1 Insurer may, upon written notice and subject to the Tax Required Condition, require the Property Manager or Special Servicer to sell such Mortgaged Property. 
 (c) The applicable Issuer may (i) sell any of its Mortgage Loans or Mortgaged Properties and related Leases for cash equal to any amount not less than the applicable Release

  
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Price or (ii) exchange such Mortgage Loan or Mortgaged Property for one or more Qualified Substitute Mortgage Loans or Qualified Substitute Mortgaged Properties, as applicable, in each case
in a transaction with a third party or a Spirit SPE; provided, however, that the Tax Required Condition is met (as evidenced by an Opinion of Counsel) and that any Spirit SPE purchasing such Mortgage Loan or Mortgaged Property may not
thereafter transfer or sell such Mortgage Loan or Mortgaged Property to the Support Provider or any Affiliate thereof that was a prior owner of such Mortgage Loan or Mortgaged Property without the receipt of a favorable Opinion of Counsel.

 Section 7.03. Transfer of Lease to New Mortgaged Property. 

In the event a Tenant under a Lease requests that such Lease be modified to apply to a property (owned by such Tenant or an Affiliate
thereof) other than the related Mortgaged Property, the substitute property will be acquired by the applicable Issuer (with the consent of the Property Manager or Special Servicer, as applicable) from such Tenant or Affiliate thereof in exchange for
the original Mortgaged Property (each such original Mortgaged Property, a “Lease Transfer Mortgaged Property”) and such substitute property will be mortgaged to the Indenture Trustee; provided, however, that
none of the applicable Issuer, the Property Manager or the Special Servicer shall consent to the substitution of a Lease Transfer Mortgaged Property unless (i) the substituted property is a Qualified Substitute Mortgaged Property, (ii) the
Property Manager or Back-up Manager is reimbursed for all Property Protection Advances and Emergency Property Expenses related to the Lease Transfer Mortgaged Property pursuant to Section 3.11(e) and (iii) the Tax Required Condition
is met. Upon the Indenture Trustee’s receipt of an Officer’s Certificate from the Property Manager to the effect that such modification or substitution has been completed in accordance with the terms hereof (which shall include a
certification that the applicable Issuer has executed and delivered a Mortgage with respect thereto to the Indenture Trustee), the Indenture Trustee shall execute and deliver such instruments of release, transfer or assignment, in each case without
recourse, as shall be provided to it by such Issuer and are reasonably necessary to release any lien or security interest in the Lease Transfer Mortgaged Property, whereupon such Lease Transfer Mortgaged Property may be sold, transferred or
otherwise disposed of by such Issuer, free and clear of the lien of the Indenture and any Mortgage. Any proceeds of such sale, transfer or other disposition shall not constitute part of the Collateral and shall not be deposited in the Collection
Account or the Release Account. 
 ARTICLE VIII 
 TERMINATION 
 Section 8.01. Termination Upon Repurchase or
Liquidation of All Mortgaged Properties or Discharge of Indenture. 
 The respective obligations and responsibilities
under this Agreement of the Property Manager, the Special Servicer, the Back-Up Manager and the Issuers shall terminate upon the earlier of (i) liquidation or final payment under the last remaining Mortgage Loan or

  
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Lease with respect to a Mortgaged Property included in the Collateral Pool and (ii) satisfaction of the indebtedness evidenced by the Notes and all amounts owed to the Insurers. 

ARTICLE IX 

MISCELLANEOUS PROVISIONS 
 Section 9.01. Amendment. 
 Subject to the provisions of Article VIII
of the Indenture governing amendments, supplements and other modifications to this Agreement, this Agreement may be amended by the parties hereto from time to time but only by the mutual written agreement signed by the parties hereto with the prior
written consent of the Series 2005-1 Insurer and 20 days’ prior written notice to the Rating Agencies. The Property Manager shall furnish to each party hereto and to the Issuers a fully executed counterpart of each amendment to this Agreement.

 The parties hereto agree that no modifications or amendments will be made to the Indenture, any Series Supplement or other
Transaction Documents without the consent of the Property Manager, the Special Servicer or the Back-up Manager, as applicable, if such person would be materially adversely affected by such modification or amendment, regardless of whether such person
is a party to such agreement. 
 Section 9.02. Counterparts. 

This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed to be an original, and all such
counterparts shall constitute but one and the same instrument. 
 Section 9.03. GOVERNING
LAW. 
 THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE
TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 9.04. Notices. 
 All notices, requests and other communications hereunder shall be in writing and, unless otherwise provided herein, shall be deemed to have been duly given if delivered by courier or mailed by first class
mail, postage prepaid, or if transmitted by facsimile and confirmed in a writing delivered or mailed as aforesaid, to: 
 (a) in
the case of the Property Manager and the Special Servicer, Spirit Finance Corporation, 14631 N. Scottsdale Road, Suite 200, Scottsdale, Arizona 85254, Attention: Catherine Long, Chief Financial Officer, facsimile number: 480-606-0826, with a

  
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copy to Kutak Rock LLP, 1801 California Street, Suite 3100, Denver, Colorado 80202, Attention: Paul E. Belitz, facsimile number: 303-292-7799; 

(b) in the case of the Back-Up Manager, Midland Loan Services, Inc., P.O. Box 25965, Shawnee Mission, Kansas 66225-5965,
Attention: President, facsimile number: 913-253-9001, with a copy to Stinson Morrison Hecker LLP, 1201 Walnut, Kansas City, Missouri 64106, Attention: Kenda K. Tomes, facsimile number 816-474-4208; 

(c) in the case of the Issuers: Spirit Master Funding, LLC, 14631 N. Scottsdale Road, Suite 200, Scottsdale, Arizona 85254, Attention:
Catherine Long, Chief Financial Officer, facsimile number: 480-606-0826, with a copy to Kutak Rock LLP, 1801 California Street, Suite 3100, Denver, Colorado 80202, Attention: Paul E. Belitz, facsimile number: 303-292-7799; or to the name and
contact information of each Joining Party as provided in the applicable Joinder Agreement; 
 (d) in the
case of the Indenture Trustee, Citibank, N.A., 388 Greenwich Street, 14th Floor, New York, New York 10013, Attention: Structured Finance Agency and Trust-Spirit Master Funding, LLC, facsimile number: 212-816-5527; 

(e) in the case of each Insurer, at its address for notices specified in the Indenture; 

(f) in the case of any Originator, at its address for notices specified in the related Purchase and Sale Agreement; provided,
however, that any notice required to be given hereunder to any Originator which has ceased to exist as a legal entity for any reason may be given directly to the Support Provider; 

(g) in the case of the Support Provider, at its address for notices specified in the Performance Undertakings; 

(h) in the case of Moody’s, Moody’s Investors Service, Inc., 99 Church Street, New York, New York 10007, Attention:
Asset-Backed Monitoring, facsimile number: 212-553-1350; and 
 (i) in the case of S&P,
Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., 55 Water Street,
41st Floor, New York, New York 10004, Attention:
Asset-Backed Surveillance Department, facsimile number: 212-438-2435; 
 or, as to each such Person, to such other address and facsimile number
as shall be designated by such Person in a written notice to parties hereto. Any notice required or permitted to be delivered to a holder of LLC Interests or Notes shall be deemed to have been duly given if mailed by first class mail, postage
prepaid, at the address of such holder as shown in the register maintained for such purposes under the applicable LLC Agreement and the Indenture, respectively. Any notice so mailed within the time prescribed in this Agreement shall conclusively be
presumed to have been duly given, whether or not such holder receives such notice. 

  
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 Section 9.05. Severability of Provisions. 

If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid,
then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this
Agreement. 
 Section 9.06. Effect of Headings and Table of Contents. 

The article and section headings and the table of contents herein are for convenience of reference only and shall not limit or otherwise
affect the construction hereof. 
 Section 9.07. Notices to Insurers and Rating Agencies.

 (a) The Indenture Trustee shall promptly provide notice to the Insurers and the Rating Agencies with respect to each of the
following of which the Indenture Trustee has actual knowledge: 
  

	 	(i)	the occurrence of any Servicer Replacement Event that has not been cured; and 

 

	 	(ii)	the resignation or termination of the Property Manager or the Special Servicer and the appointment of a successor. 

(b) The Property Manager shall promptly provide notice to the Insurers and the Rating Agencies with respect to each of the following of
which it has actual knowledge: 
  

	 	(i)	the resignation or removal of the Indenture Trustee and the appointment of a successor; 

 

	 	(ii)	any change in the location of the Collection Account or the Release Account; 

 

	 	(iii)	any change in the identity of an Obligor; and 

  

	 	(iv)	any addition or removal of a Mortgage Loan or Mortgaged Property from the Collateral. 

(c) Each of the Property Manager and the Special Servicer, as the case may be, shall furnish each Rating Agency and the Insurers such
information with respect to the Mortgage Loans, Leases and Mortgaged Properties as such Rating Agency or the Insurers shall reasonably request and that the Property Manager or the Special Servicer, as the case may be, can reasonably provide.

 (d) Each of the Property Manager and the Special Servicer, as the case may be, shall promptly furnish the Insurers with
copies of the following items: 

  
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	 	(i)	each of its annual statements as to compliance described in Section 3.13; 

 

	 	(ii)	each of its annual independent registered public accounting firm’s servicing reports described in Section 3.14; and 

 

	 	(iii)	each report prepared by it pursuant to Section 3.12 or Section 4.01. 

(e) Any Officer’s Certificate, Opinion of Counsel, report, notice, request or other material communication prepared by the Property
Manager, the Special Servicer, the Issuer Members on behalf of each Issuer or the Indenture Trustee, or caused to be so prepared, for dissemination to any of the parties to this Agreement or any holder of Notes or LLC Interests shall also be
concurrently forwarded by such Person to Spirit Finance, the Issuers, the Initial Purchasers and the Insurers to the extent not otherwise required to be so forwarded. 

Section 9.08. Successors and Assigns: Beneficiaries. 

The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the parties
hereto, and all such provisions shall inure to the benefit of the Issuers, the Insurers and the holders of the Notes. No other person, including any Obligor, shall be entitled to any benefit or equitable right, remedy or claim under this Agreement.
Each Insurer is an intended third party beneficiary of this Agreement and will have the right to enforce this Agreement as if it were a party hereto. 
 Section 9.09. Complete Agreement. 
 This Agreement embodies the
complete agreement among the parties with respect to the subject matter hereof and may not be varied or terminated except by a written agreement conforming to the provisions of Section 8.01 or Section 9.01, as applicable. All
prior negotiations or representations of the parties are merged into this Agreement and shall have no force or effect unless expressly stated herein. 
 Section 9.10. Certain Rights of Insurers; Insurer Default. 
 (a)
If an Insurer Default has occurred and is continuing, any provision giving the related Insurer the right to direct, appoint or consent to, approve of, or take any action (or waive any right to take action) under this Agreement, shall be inoperative;
provided, however, that upon the cure of any such Insurer Default, such rights shall be reinstated. 
 (b) So long
as no Insurer Default shall have occurred and be continuing, the related Insurer shall have the right to exercise all voting and consent rights otherwise granted to the Noteholders in this Agreement and any other Transaction Document, subject to
Section 8.02 of the Indenture. 
 Section 9.11. Consent to Jurisdiction 

Any action or proceeding against any of the parties hereto relating in any way to this Agreement may be brought and enforced in the courts
of the State of New York sitting in the borough of Manhattan or of the United States District Court for the Southern District of New 

  
 -90-

 
York and each of the parties hereto irrevocably submits to the jurisdiction of each such court in respect of any such action or proceeding. Each of the parties hereto hereby waives, to the
fullest extent permitted by law, any right to remove any such action or proceeding by reason of improper venue or inconvenient forum. 
 Section 9.12. No Proceedings. 
 Each of the Property Manager and the
Special Servicer hereby agrees that it shall not institute against, or join any other person or entity in instituting against, any of the Issuers, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other
proceedings under any federal or state bankruptcy or similar law (including the U.S. Bankruptcy Code), for two years and 31 days after the last Note issued by the Issuers is paid in full. The agreements in this paragraph shall survive termination of
this Agreement. 

  
 -91-

 IN WITNESS WHEREOF, Spirit Master Funding, LLC, the Property Manager, the Special Servicer
and the Back-Up Manager have caused this Agreement to be duly executed by their respective officers or representatives all as of the day and year first above written. 

 

					
	SPIRIT MASTER FUNDING, LLC, as an Issuer
			
		 	By:	 	 /s/ Catherine F. Long

		 		 	Name: Catherine F. Long
		 		 	Title: Chief Financial Officer
	
	 SPIRIT FINANCE CORPORATION,
 as Property Manager and Special Servicer

			
		 	By:	 	 /s/ Michael T. Bennett

		 		 	Name: Michael T. Bennett
		 		 	Title: Senior Vice President
	
	MIDLAND LOAN SERVICES, INC.
		 	as Back-Up Manager
			
		 	By:	 	 /s/ Lawrence D. Ashley

		 		 	Name: Lawrence D. Ashley
		 		 	Title: Senior Vice President

 Signature Page to Property Management and Servicing Agreement 

					
	STATE OF ARIZONA	  	)	  	 
		  	)	  	ss.:
	COUNTY OF MARICOPA	  	)	  	

 On the 13 day of March, 2006, before me, a notary public in and for said State, personally appeared
Catherine Long, known to me to be the CFO of SPIRIT MASTER FUNDING, LLC, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument. 

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

  

	
	 /s/  Vaughn Dee. L. Konegni

	Notary Public

 [Notarial Seal] 

  

					
	STATE OF ARIZONA	  	)	  	 
		  	)	  	SS.:
	COUNTY OF MARICOPA	  	)	  	

 On the 13 day of March, 2006, before me, a notary public in and for said State, personally appeared
Michael T Bennett, known to me to be the Senior Vice President of SPIRIT FINANCE CORPORATION, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument.

 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above
written. 
  

	
	 /s/  Vaughn Dee. L. Konegni

	Notary Public

 [Notarial Seal] 

  

					
	STATE OF KANSAS	  	)	  	
		  	)	  	ss.:
	 COUNTY OF JOHNSON
	  	)	  	

 On the 13th day of March, 2006, before me, a notary public in and for said State, personally appeared
Lawrence D. Ashley, known to me to be a Senior Vice President of MIDLAND LOAN SERVICES, INC., one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of such entity, and acknowledged
to me that such entity executed the within instrument. 
 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above written. 
  

	
	 /s/  Brent Kinder

	Notary Public

 EXHIBIT A-l 
 MORTGAGED PROPERTY SCHEDULE 

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000891	  	Flying J. Inc.	  	Flying J Travel Plaza	  	950 State Road 206 West	  	Saint Augustine	  	FL	  	32086
	P0000892	  	Flying J. Inc.	  	Flying J Travel Plaza	  	10226 Old Federal Highway	  	Carnesville	  	GA	  	30521
	P0000893	  	Flying J. Inc.	  	Flying J Travel Plaza	  	5300 S SR 3	  	Spiceland	  	IN	  	47385
	P0000894	  	Flying J. Inc.	  	Flying J Travel Plaza	  	15236 State Route 180	  	Catlettsburg	  	KY	  	41129-9211
	P0000895	  	America’s Power Sports	  	KC’s Powersports	  	12401 S. Memorial Parkway	  	Huntsville	  	AL	  	35803
	P0000896	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	3075 Gulf Breeze Parkway	  	GulfBreeze	  	FL	  	32561
	P0000897	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	431 Mary Esther Blvd	  	Mary Esther	  	FL	  	32569
	P0000898	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1117 Hwy 231 Bypass	  	Troy	  	AL	  	36081
	P0000899	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1701 South Texas Avenue	  	Bryan	  	TX	  	77801
	P0000900	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	625 18th Avenue North	  	Columbus	  	MS	  	39701
	P0000901	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	2167 E. Silver Springs Blvd	  	Ocala	  	FL	  	34470
	P0000902	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	3814 University Boulevard [ILLEGIBLE]	  	Jacksonville	  	FL	  	32217
	P0000903	  	Barnhill’s Buffet, Inc.	  	Bamhill’s Buffet	  	2611 US 27 North	  	Sebring	  	FL	  	33872
	P0000904	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	100 Live Oaks Boulevard	  	Casselberry	  	FL	  	32707
	P0000905	  	Hastings Entertainment, Inc.	  	Hastings	  	726 10th Avenue South	  	Great Falls	  	MT	  	59401
	P0000906	  	AMC Entertainment, Inc.	  	AMC Theatre	  	2515 E. Camelback Road	  	Phoenix	  	AZ	  	85016
	P0000907	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	5795 State Bridge Road	  	Alpharetta	  	GA	  	30022
	P0000908	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	3431 Ernest W. Barrett Pkwy	  	Marietta	  	GA	  	30064
	P0000909	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	3985 Holly Springs Pkwy	  	Canton	  	GA	  	30115
	P0000910	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	4020 Roswell Road	  	Atlanta	  	GA	  	30342
	P0000911	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	2955 Holcomb Bridge Road	  	Alpharetta	  	GA	  	30022
	P0000912	  	Pike Holding Nursery LLC	  	Pike Plant Nursery	  	2900 Johnson Ferry Road	  	Marietta	  	GA	  	30062
	P0000913	  	Grand Canyon University	  	Grand Canyon University	  	3300 West Camelback Rd.	  	Phoenix	  	AZ	  	85017
	P0000300	  	NPC International, Inc.	  	Pizza Hut	  	925 N Green River Rd	  	Evansville	  	IN	  	47715-2418
	P0000301	  	NPC International, Inc.	  	Pizza Hut	  	4127 Frederica St	  	Owensboro	  	KY	  	42301-7455
	P0000302	  	NPC International, Inc.	  	Pizza Hut	  	606 N 1st St	  	Madill	  	OK	  	73446-1410
	P0000303	  	NPC International, Inc.	  	Pizza Hut	  	1000 W Maple Ave	  	Geneva	  	AL	  	36340-1638
	P0000304	  	NPC International, Inc.	  	Pizza Hut	  	715 Columbia Rd	  	Blakely	  	GA	  	31723-1423
	P0000305	  	NPC International, Inc.	  	Pizza Hut	  	1119 Paris Rd	  	Mayfield	  	KY	  	42066-1988
	P0000306	  	Skyline Chili, Inc.	  	Skyline Chili	  	2805 Centre Dr	  	Fairborn	  	OH	  	45324-2670
	P0000309	  	Carrols Corporation	  	Burger King	  	349 Tryon Rd	  	Raleigh	  	NC	  	27603-3529
	P0000310	  	Carrols Corporation	  	Burger King	  	979 US Highway 70 E	  	New Bern	  	NC	  	28560-6535
	P0000311	  	Carrols Corporation	  	Burger King	  	1294 Canton Rd	  	Akron	  	OH	  	44312-3951
	P0000312	  	Carrols Corporation	  	Burger King	  	14834 State Route 49	  	Edon	  	OH	  	43518-9714
	P0000313	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	201 Bridewell Dr	  	Burr Ridge	  	IL	  	60521-0834

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000314	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	2240 N Canton Center Rd	  	Canton	  	MI	  	48187-2906
	P0000315	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	936 Sheraton Dr	  	Mars	  	PA	  	16046-9414
	P0000316	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	8901 Kingsridge Dr	  	Dayton	  	OH	  	45458-1621
	P0000317	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	6420 Grand Ave	  	Gurnee	  	IL	  	60031-1620
	P0000318	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	130 Andrews Dr	  	Pittsburgh	  	PA	  	15275-1200
	P0000319	  	Interfoods of America, Inc.	  	Popeye’s	  	1727 Finley Blvd	  	Birmingham	  	AL	  	35204-1736
	P0000323	  	Mexican Restaurants	  	Casa Mexico	  	1459 S Vinnell Way	  	Boise	  	ID	  	83709-1659
	P0000324	  	Banyan, Inc.	  	Grandy’s	  	1400 Juan Tabo Blvd NE	  	Albuquerque	  	NM	  	87112-4406
	P0000326	  	Interfoods of America, Inc.	  	Popeye’s	  	11413 Reulet Ave	  	Baton Rouge	  	LA	  	70816-8525
	P0000327	  	Burger King Corporation	  	Burger King	  	488 E Main St	  	Apopka	  	FL	  	32703-5374
	P0000328	  	Burger King Corporation	  	Burger King	  	2400 13th St	  	Saint Cloud	  	FL	  	34769-4136
	P0000329	  	Burger King Corporation	  	Burger King	  	11834 E Colonial Dr	  	Orlando	  	FL	  	32826-4701
	P0000330	  	R & L Foods, LLC	  	Wendy’s	  	2983 Cottingham Expy	  	Pineville	  	LA	  	71360-4389
	P0000331	  	Pennant Foods	  	Wendy’s	  	1219 Oak Ridge Tpke	  	Oak Ridge	  	TN	  	37830-6404
	P0000332	  	Pennant Foods	  	Wendy’s	  	2544 Decatur Pike	  	Athens	  	TN	  	37303-4929
	P0000336	  	Thomas & Thomas Investme [ILLEGIBLE]	  	Whataburger	  	Loop 323 N of Highway 3I	  	Tyler	  	TX	  	0
	P0000338	  	Tacala, L.L.C.	  	Taco Bell	  	2303 Dayton Blvd	  	Red Bank	  	TN	  	37415-6224
	P0000349	  	Skyline Chili, Inc.	  	Skyline Chili	  	9135 Owenfield Dr	  	Lewis Center	  	OH	  	43035-9149
	P0000350	  	Interfoods of America, Inc.	  	Popeye’s	  	361 Palisades Blvd	  	Birmingham	  	AL	  	35209-5149
	P0000351	  	Interfoods of America, Inc.	  	Popeye’s	  	2265 Oneal Ln	  	Baton Rouge	  	LA	  	70816-3319
	P0000354	  	Fuddruckers, Inc.	  	Fuddruckers	  	10050 State St	  	Sandy	  	UT	  	84070
	P0000355	  	Fuddruckers, Inc.	  	Fuddruckers	  	1915 Scenic Hwy N	  	Snellville	  	GA	  	30078
	P0000356	  	Fuddruckers, Inc.	  	Fuddruckers	  	5271 E Main St	  	Columbus	  	OH	  	43213
	P0000357	  	Fuddruckers, Inc.	  	Fuddruckers	  	6607 N IH 35	  	Austin	  	TX	  	78752
	P0000358	  	Fuddruckers, Inc.	  	Fuddruckers	  	3586 W Dublin Granville Rd	  	Columbus	  	OH	  	43235
	P0000359	  	Fuddruckers, Inc.	  	Fuddruckers	  	14035 E Evans Ave	  	Aurora	  	CO	  	80014
	P0000360	  	Fuddruckers, Inc.	  	Fuddruckers	  	3929 Southwest Fwy	  	Houston	  	TX	  	77027
	P0000361	  	Fuddruckers, Inc.	  	Fuddruckers	  	11825 Technology Dr	  	Eden Prairie	  	MN	  	55344
	P0000362	  	Fuddruckers, Inc.	  	Fuddruckers	  	6455 E Southern Ave	  	Mesa	  	AZ	  	85206
	P0000363	  	Fuddruckers, Inc.	  	Fuddruckers	  	14500 Weaver Lake Rd	  	Maple Grove	  	MN	  	55311
	P0000364	  	Fuddruckers, Inc.	  	Fuddruckers	  	121 E Campus View Blvd	  	Columbus	  	OH	  	43235
	P0000365	  	Fuddruckers, Inc.	  	Fuddruckers	  	7250 Highway 6 N	  	Houston	  	TX	  	77095
	P0000366	  	Fuddruckers, Inc.	  	Fuddruckers	  	3560 Fishinger Blvd	  	Hilliard	  	OH	  	43026
	P0000367	  	Fuddruckers, Inc.	  	Fuddruckers	  	13010 Northwest Fwy	  	Houston	  	TX	  	77040
	P0000368	  	Fuddruckers, Inc.	  	Fuddruckers	  	101 Regal Way	  	Newport News	  	VA	  	23602

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000369	  	Fuddruckers, Inc.	  	Fuddruckers	  	7800 W Bell Rd	  	Glendale	  	AZ	  	85308
	P0000370	  	Fuddruckers, Inc.	  	Fuddruckers	  	9996 Escort Dr	  	Mason	  	OH	  	45040
	P0000371	  	Fuddruckers, Inc.	  	Fuddruckers	  	8955 Springbrook Dr NW	  	Coon Rapids	  	MN	  	55433
	P0000372	  	Fuddruckers, Inc.	  	Fuddruckers	  	1105 Merchants Way	  	Chesapeake	  	VA	  	23320
	P0000373	  	Fuddruckers, Inc.	  	Fuddruckers	  	11992 Chase Plz	  	Cincinnati	  	OH	  	45240
	P0000374	  	Fuddruckers, Inc.	  	Fuddruckers	  	10500 Town and Country Way	  	Houston	  	TX	  	77024
	P0000375	  	Fuddruckers, Inc.	  	Fuddruckers	  	4360 Kingwood Dr	  	Kingwood	  	TX	  	77339
	P0000378	  	Interfoods of America, Inc.	  	Popeye’s	  	8194 Plank Road	  	Baton Rouge	  	LA	  	70811
	P0000379	  	Pennant Foods	  	Wendy’s	  	8749 Campo Road	  	La Mesa	  	CA	  	91941
	P0000380	  	Interfoods of America, Inc.	  	Popeye’s	  	3411 N Pace Blvd	  	Pensacola	  	FL	  	32505-5127
	P0000381	  	NPC International, Inc.	  	Pizza Hut	  	1551 W Main St	  	Salem	  	IL	  	62881-3805
	P0000914	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	4900 NE 80th Street	  	Kansas City	  	MO	  	64119
	P0000915	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	1451 NE Douglas Street	  	Lees Summit	  	MO	  	64086
	P0000916	  	Hastings Entertainment, Inc.	  	Hastings	  	1705 North Main Street	  	Roswell	  	NM	  	88201
	P0000919	  	Ferrellgas, L.P	  	Blue Rhino	  	300 County Road 448	  	Tavares	  	FL	  	32778
	P0000390	  	Famous Dave’s of America	  	Famous Dave’s	  	14200 60th St N	  	Stillwater	  	MN	  	55082-6309
	P0000391	  	Famous Dave’s of America	  	Famous Dave’s	  	7825 Vinewood Ln	  	Maple Grove	  	MN	  	55369-7013
	P0000392	  	Famous Dave’s of America	  	Famous Dave’s	  	7593 147th St W	  	Apple Valley	  	MN	  	55124-6998
	P0000393	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	90 N Genesee St	  	Utica	  	NY	  	13502-2527
	P0000394	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	600 Mountain View Dr	  	Colchester	  	VT	  	05446-1901
	P0000395	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	697 Troy Schenectady Rd	  	Colonie	  	NY	  	12110-2501
	P0000396	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	632 Bloomfield Ave	  	West Caldwell	  	NJ	  	07006-7518
	P0000397	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	11 Main St	  	West Harwich	  	MA	  	02671-1041
	P0000398	  	Friendly’s Ice Cream [ILLEGIBLE]	  	Friendly’s Ice Cream	  	936 Walnut Bottom Rd	  	Carlisle	  	PA	  	17013-9177
	P0000399	  	Interfoods of America, Inc.	  	Popeye’s	  	5534 NW 7th Ave	  	Miami	  	FL	  	33127-1402
	P0000400	  	Interfoods of America, Inc.	  	Popeye’s	  	233 W Hillsboro Blvd	  	Deerfield Beach	  	FL	  	33441-3311
	P0000401	  	Interfoods of America, Inc.	  	Popeye’s	  	3291 W Broward Blvd	  	Fort Lauderdale	  	FL	  	33312-1112
	P0000402	  	Interfoods of America, Inc.	  	Popeye’s	  	14620 Plank Rd	  	Baker	  	LA	  	70714-5445
	P0000403	  	Interfoods of America, Inc.	  	Popeye’s	  	1940 Main St	  	Baker	  	LA	  	70714-2843
	P0000404	  	Interfoods of America, Inc.	  	Popeye’s	  	5946 Airline Hwy	  	Baton Rouge	  	LA	  	70805-3201
	P0000405	  	Interfoods of America, Inc.	  	Popeye’s	  	290 Lobdell Hwy	  	Port Allen	  	LA	  	70767-4198
	P0000406	  	Interfoods of America, Inc.	  	Popeye’s	  	107 S 25th St	  	Fort Pierce	  	FL	  	34947-3602
	P0000408	  	Interfoods of America, Inc.	  	Popeye’s	  	9854 Halls Ferry Rd	  	Saint Louis	  	MO	  	63136-4017
	P0000409	  	Interfoods of America, Inc.	  	Popeye’s	  	8654 Natural Bridge Rd	  	Saint Louis	  	MO	  	63121-4110
	P0000410	  	Interfoods of America, Inc.	  	Popeye’s	  	2877 Target Dr	  	Saint Louis	  	MO	  	63136-4639

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000411	  	Interfoods of America, Inc.	  	Popeye’s	  	9376 Greenwell Springs Rd	  	Baton Rouge	  	LA	  	70814-2909
	P0000412	  	Interfoods of America, Inc.	  	Popeye’s	  	2200 S Range Ave	  	Denham Springs	  	LA	  	70726-5214
	P0000415	  	1st University Credit Union	  	Other	  	605 S University Parks Dr	  	Waco	  	TX	  	76706-1053
	P0000416	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	325 S Mcgee Ave	  	Apopka	  	FL	  	32703-4479
	P0000417	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	1070 S Volusia Ave	  	Orange City	  	FL	  	32763-7039
	P0000418	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	6706 highway 63	  	Moss Point	  	MS	  	39563-9539
	P0000419	  	Barnhill’s Buffet, Inc.	  	Barnhill’s Buffet	  	12475 Highway 49	  	Gulfport	  	MS	  	39503-2785
	P0000420	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	3979 W Tennessee St	  	Tallahassee	  	FL	  	32304-1015
	P0000421	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	401 Vincennes Ave	  	New Albany	  	IN	  	47150-3053
	P0000424	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	7843 US Highway 42	  	Florence	  	KY	  	41042-1803
	P0000425	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	1709 N Galvez St	  	New Orleans	  	LA	  	70119-1602
	P0000426	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	2371 Saint Claude Ave	  	New Orleans	  	LA	  	70117-8352
	P0000428	  	Checker’s Drive-In [ILLEGIBLE]	  	Rally’s	  	602 N. Baldwin Avenue	  	Marion	  	IN	  	46952-3462
	P0000429	  	Goldco, Inc.	  	Burger King	  	1400 W Jefferson St	  	Quincy	  	FL	  	32351-2130
	P0000431	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	1275 E Dublin Granville Rd	  	Columbus	  	OH	  	43229-3359
	P0000432	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	1391 Arrowhead Dr	  	Maumee	  	OH	  	43537-1729
	P0000433	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	Max & Erma’s	  	4279 Cemetery Rd	  	Hilliard	  	OH	  	43026-1203
	P0000434	  	QK, Inc.	  	Denny’s	  	17053 E Shea Blvd	  	Fountain Hills	  	AZ	  	85268-6635
	P0000436	  	Arby’s Restaurant Group	  	Arby’s	  	1375 N Main St	  	Madisonville	  	KY	  	42431-1283
	P0000437	  	Arby’s Restaurant Group	  	Arby’s	  	163 Altama Connector Blvd	  	Brunswick	  	GA	  	31525-1881
	P0000438	  	Arby’s Restaurant Group	  	Arby’s	  	450 E State Rd	  	American Fork	  	UT	  	84003-2559
	P0000439	  	Arby’s Restaurant Group	  	Arby’s	  	251 S Main St	  	Tooele	  	UT	  	84074-2743
	P0000440	  	Arby’s Restaurant Group	  	Arby’s	  	2501 Mayport Rd	  	Jacksonville	  	FL	  	32233-2801
	P0000442	  	Arby’s Restaurant Group	  	Arby’s	  	1116 Highway 81 W	  	McDonough	  	GA	  	30253-6423
	P0000443	  	Arby’s Restaurant Group	  	Arby’s	  	403 Tri County Plz	  	Cumming	  	GA	  	30040-2777
	P0000446	  	Arby’s Restaurant Group	  	Arby’s	  	181 Highway 90	  	Daphne	  	AL	  	36526-9588
	P0000449	  	Arby’s Restaurant Group	  	Arby’s	  	7750 Airport Blvd	  	Mobile	  	AL	  	36608-5025
	P0000450	  	Arby’s Restaurant Group	  	Arby’s	  	7002 Georgetown Rd	  	Indianapolis	  	IN	  	46268-4445
	P0000451	  	Arby’s Restaurant Group	  	Arby’s	  	11190 Beach Blvd	  	Jacksonville	  	FL	  	32246-4804
	P0000453	  	Arby’s Restaurant Group	  	Arby’s	  	9361 Atlantic Blvd	  	Jacksonville	  	FL	  	32225-8218
	P0000454	  	Arby’s Restaurant Group	  	Arby’s	  	622 Fair Rd	  	Statesboro	  	GA	  	30458-4927
	P0000455	  	Arby’s Restaurant Group	  	Arby’s	  	514 N Highway 52	  	Moncks Corner	  	SC	  	29461-3131
	P0000456	  	Interfoods of America, Inc.	  	Popeye’s	  	5275 Government St	  	Baton Rouge	  	LA	  	70806-6027
	P0000457	  	Interfoods of America, Inc.	  	Popeye’s	  	2137 Staring Ln	  	Baton Rouge	  	LA	  	70810-1038
	P0000459	  	Interfoods of America, Inc.	  	Popeye’s	  	2490 NW 79th St	  	Miami	  	FL	  	33147-4930

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000920	  	Gander Mountain Company	  	Gander Mountain	  	6801 120th Avenue	  	Kenosha	  	WI	  	53140
	P0000921	  	Carmike Cinemas, Inc.	  	Carmike Cinemas	  	2435 Edgewood Road SW	  	Cedar Rapids	  	IA	  	52404
	P0000922	  	Humperdink’s Texas, LLC	  	Humperdink	  	3820 Belt Line Road	  	Addison	  	TX	  	75001
	P0000923	  	Humperdink’s Texas, LLC	  	Humperdink	  	6050 Greenville Avenue	  	Dallas	  	TX	  	75206
	P0000924	  	Humperdink’s Texas, LLC	  	Humperdink	  	2208 W. NW Highway	  	Dallas	  	TX	  	75220
	P0000925	  	Humperdink’s Texas, LLC	  	Humperdink	  	700 Six Flags Drive	  	Arlington	  	TX	  	76011
	P0000926	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	1601 Garth Brooks Blvd	  	Yukon	  	OK	  	73099
	P0000927	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2416 S. Georgia Street	  	Amarillo	  	TX	  	79109
	P0000928	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	3124 Regency Lane	  	Denison	  	TX	  	75020
	P0000929	  	Taco Bueno Restaurants, Inc.	  	Taco Bueno	  	2520 82nd Street	  	Lubbock	  	TX	  	79423
	P0000930	  	Gander Mountain Company	  	Gander Mountain	  	8635 Clinton Street	  	New Hartford	  	NY	  	13413
	P0000931	  	Dave & Buster’s, Inc.	  	Dave & Buster’s	  	2215 D & B Drive	  	Marietta	  	GA	  	30067
	P0000932	  	Hill Country Furniture [ILLEGIBLE]	  	Ashley Furniture	  	7903 Pat Booker Road	  	Live Oak	  	TX	  	78223
	P0000933	  	RBLS, Inc. (a Texas [ILLEGIBLE]	  	Ashley Furniture	  	1411 Airway Boulevard	  	El Paso	  	TX	  	79925
	P0000934	  	Gander Mountain Company	  	Gander Mountain	  	5038-A Miller Road	  	Flint	  	MI	  	48507
	P0000935	  	Ferrellgas, L.P	  	Blue Rhino	  	1750 Agua Mansa Road	  	Riverside	  	CA	  	92509
	P0000936	  	Gander Mountain Company	  	Gander Mountain	  	2121 43rd St., SW	  	Fargo	  	ND	  	58103
	P0000937	  	Sonic Corp.	  	Sonic	  	202 N Main Ave	  	Erwin	  	TN	  	37650
	P0000938	  	Sonic Corp.	  	Sonic	  	3307 No. Broadway St.	  	Knoxville	  	TN	  	37918
	P0000939	  	Sonic Corp.	  	Sonic	  	113 1st St.	  	Radford	  	VA	  	24141
	P0000940	  	Sonic Corp.	  	Sonic	  	355 No. Franklin St.	  	Christiansburg	  	VA	  	24073
	P0000941	  	Sonic Corp.	  	Sonic	  	647 E. Main St.	  	Pulaski	  	VA	  	24301
	P0000942	  	Sonic Corp.	  	Sonic	  	790 E. Main St.	  	Wytheville	  	VA	  	24382
	P0000943	  	Sonic Corp.	  	Sonic	  	2010 E. Broadway Ave.	  	Maryville	  	TN	  	37804
	P0000944	  	Sonic Corp.	  	Sonic	  	411 Foothills Mall Drive	  	Maryville	  	TN	  	37801
	P0000945	  	Sonic Corp.	  	Sonic	  	608 Oak Ridge Turnpike	  	Oak Ridge	  	TN	  	37830
	P0000946	  	Sonic Corp.	  	Sonic	  	1124 E. Stone Dr.	  	Kingsport	  	TN	  	37660
	P0000947	  	Sonic Corp.	  	Sonic	  	104 Cedar Lane	  	Knoxville	  	TN	  	37912
	P0000948	  	Sonic Corp.	  	Sonic	  	6949 Maynardsville Pike	  	Knoxville	  	TN	  	39912
	P0000949	  	Sonic Corp.	  	Sonic	  	1015 Volunteer Parkway	  	Bristol	  	TN	  	37625
	P0000950	  	Sonic Corp.	  	Sonic	  	1108 No. Charles G. Seivers [ILLEGIBLE]	  	Clinton	  	TN	  	37716
	P0000951	  	Dickinson Theatres, Inc.	  	Dickinson Theaters	  	10301 So. Memorial Drive	  	Bixby	  	OK	  	74133
	P0000952	  	Gander Mountain Company	  	Gander Mountain	  	5864 Carmenica Drive	  	Cicero	  	NY	  	13039
	P0000953	  	Rite Aid Corporation	  	Rite Aid	  	3601 Midvale Avenue	  	Philadelphia	  	PA	  	19129
	P0000954	  	Rite Aid Corporation	  	Rite Aid	  	120 Jefferson Avenue	  	Moundsville	  	WV	  	26041

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000955	  	Rite Aid Corporation	  	Rite Aid	  	104 Genesee Street	  	Oneida	  	NY	  	13421
	P0000956	  	Rite Aid Corporation	  	Rite Aid	  	735 North Water Street	  	Uhrichsville	  	OH	  	44683
	P0000957	  	Rite Aid Corporation	  	Rite Aid	  	1410 Delaware Avenue	  	Buffalo	  	NY	  	14209
	P0000958	  	Rite Aid Corporation	  	Rite Aid	  	804 East Winthrop Avenue	  	Millen	  	GA	  	30442
	P0000959	  	Rite Aid Corporation	  	Rite Aid	  	301 south Broad Street	  	Thomasville	  	GA	  	31792
	P0000960	  	Sonic Corp.	  	Sonic	  	1003 W Elk Avenue	  	Elizabethton	  	TN	  	37643
	P0000961	  	Flying Star Cafe	  	Flying Star Café	  	8001 Menaul Blvd NE	  	Albuquerque	  	NM	  	87110
	P0000962	  	Flying Star Cafe	  	Flying Star Café	  	4501 Juan Tabo Blvd NE	  	Albuquerque	  	NM	  	87111
	P0000963	  	Hughes Supply, Inc.	  	Hughes Supply	  	8700 Hwy 27 S	  	Sebring	  	FL	  	33876
	P0000964	  	Hughes Supply, Inc.	  	Hughes Supply	  	8326 Lemon Rd	  	Port Richey	  	FL	  	34668
	P0000965	  	Hughes Supply, Inc.	  	Hughes Supply	  	6854 Distribution Ave S	  	Jacksonville	  	FL	  	32256
	P0000966	  	Hughes Supply, Inc.	  	Hughes Supply	  	8091 Supply Drive	  	Fort Myers	  	FL	  	33912
	P0000967	  	Hughes Supply, Inc.	  	Hughes Supply	  	6231 Idlewild Street	  	Fort Myers	  	FL	  	33912
	P0000968	  	Hughes Supply, Inc.	  	Hughes Supply	  	4355 Drane Field Rd	  	Lakeland	  	FL	  	33811
	P0000969	  	Hughes Supply, Inc.	  	Hughes Supply	  	5311 Doolittle Rd	  	Jacksonville	  	FL	  	32254
	P0000970	  	Hughes Supply, Inc.	  	Hughes Supply	  	5409-100 Broadway Ave	  	Jacksonville	  	FL	  	32254
	P0000971	  	Hughes Supply, Inc.	  	Hughes Supply	  	3509 N Loop 336 W	  	Conroe	  	TX	  	77304
	P0000972	  	Hughes Supply, Inc.	  	Hughes Supply	  	2007 NW 15th Ave	  	Pompano Beach	  	FL	  	33069
	P0000973	  	Hughes Supply, Inc.	  	Hughes Supply	  	1751 L Avenue	  	Riviera Beach	  	FL	  	33401
	P0000673	  	Arby’s Restaurant Group	  	Arby’s	  	5660 Beach Boulevard	  	Jacksonville	  	FL	  	32207
	P0000675	  	Arby’s Restaurant Group	  	Arby’s	  	2600 S Orange Ave	  	Orlando	  	FL	  	32806
	P0000676	  	Arby’s Restaurant Group	  	Arby’s	  	1305 Tuskawilla Rd	  	Winter Springs	  	FL	  	32708
	P0000677	  	Arby’s Restaurant Group	  	Arby’s	  	2649 Richmond Road	  	Lexington	  	KY	  	40509
	P0000678	  	Arby’s Restaurant Group	  	Arby’s	  	4170 Shelbyville Rd	  	Louisville	  	KY	  	40207
	P0000679	  	Arby’s Restaurant Group	  	Arby’s	  	16005 US Highway 441	  	Eustis	  	FL	  	32726
	P0000680	  	Mexican Restaurants	  	Casa Ole	  	5705 4th St	  	Lubbock	  	TX	  	79416
	P0000681	  	Mexican Restaurants	  	Casa Ole	  	1520 Southmore Ave	  	Pasadena	  	TX	  	77502
	P0000682	  	Mexican Restaurants	  	Casa Ole	  	2726 Spencer Hwy	  	Pasadena	  	TX	  	77504
	P0000683	  	Mexican Restaurants	  	Casa Ole	  	2730 East Highway 190	  	Copperas Cove	  	TX	  	76522
	P0000685	  	Mexican Restaurants	  	Garibaldi’s	  	525 Caldwell Blvd	  	Nampa	  	ID	  	83651
	P0000687	  	Mexican Restaurants	  	Monterey’s Tex Mex	  	410 S. Gordon St	  	Alvin	  	TX	  	77511
	P0000688	  	Mexican Restaurants	  	Monterey’s Tex Mex	  	12520 Greenspoint Dr	  	Houston	  	TX	  	77060
	P0000689	  	Mexican Restaurants	  	Monterey’s Tex Mex	  	3201 Freedom Blvd	  	Bryan	  	TX	  	77802
	P0000691	  	Mexican Restaurants	  	Monterey’s Tex Mex	  	5694 W Skelly Dr	  	Tulsa	  	OK	  	74107
	P0000692	  	Arby’s Restaurant Group	  	Arby’s	  	1228 South Broadway Street	  	Lexington	  	KY	  	40504-2738

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000974	  	Rite Aid Corporation	  	Rite Aid	  	5601 Chestnut Street	  	Philadelphia	  	PA	  	19139
	P0000975	  	Sportsman’s Warehouse	  	Sportsman’s Warehouse	  	1551 Lawrence Drive	  	DePere	  	WI	  	54115
	P0000976	  	Apollo College	  	Apollo Colleges	  	630 W. Southern Ave	  	Mesa	  	AZ	  	85210
	P0000977	  	Apollo College	  	Apollo Colleges	  	3550 N. Oracle Road	  	Tucson	  	AZ	  	85704
	P0000978	  	Apollo College	  	Apollo Colleges	  	2701 W. Bethany Home Road	  	Phoenix	  	AZ	  	85017
	P0000979	  	Apollo College	  	Apollo Colleges	  	8503 N. 27th Avenue	  	Phoenix	  	AZ	  	85051
	P0000980	  	Pilgrim’s Pride Corporation	  	Pilgrim’s Pride Freezer [ILLEGIBLE]	  	3330 Woodrow Wilson Drive	  	Jackson	  	MS	  	39209
	P0000706	  	Stonebrook Properties LLC	  	Golden Corral	  	1300 South Morgan	  	Granbury	  	TX	  	76048
	P0000707	  	Corral of Michigan LLC	  	Golden Corral	  	37101 Warren Road	  	Westland	  	MI	  	48185
	P0000708	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	2210 West University Drive	  	Edinburg	  	TX	  	78539
	P0000709	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	402 South Bibb Ave	  	Eagle Pass	  	TX	  	78852
	P0000710	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	4526 East Hwy 83	  	Rio Grande City	  	TX	  	78582
	P0000711	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	3101 East Expressway 83	  	Weslaco	  	TX	  	78596
	P0000730	  	HOM Furniture, Inc.	  	HOM Furniture Showrooms	  	4726 Mall Drive	  	Hermantown	  	MN	  	55811
	P0000731	  	HOM Furniture, Inc.	  	HOM Furniture Showrooms	  	2921 Mall Drive	  	Eau Claire	  	WI	  	54701
	P0000732	  	Hastings Entertainment, Inc.	  	Hastings	  	200 Hwy 332 West	  	Lake Jackson	  	TX	  	77566
	P0000737	  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	9450 Dyer Street	  	El Paso	  	TX	  	79924
	P0000738	  	Rite Aid Corporation	  	Rite Aid	  	21500-21508 Harper Avenue	  	St. Clair Shores	  	MI	  	48081
	P0000747	  	Anvia, Inc.	  	Ashley Home Center	  	4597 Southwest Drive	  	Abilene	  	TX	  	79605
	P0000748	  	Sky Ventures, LLC	  	Pizza Hut	  	545 Hwy 9 E	  	Forest City	  	IA	  	50436
	P0000749	  	Sky Ventures, LLC	  	Pizza Hut	  	419 2nd Ave SE	  	Cresco	  	IA	  	52136
	P0000750	  	Sky Ventures, LLC	  	Pizza Hut	  	260 Carson Ave	  	Elk River	  	MN	  	55330
	P0000751	  	Sky Ventures, LLC	  	Pizza Hut	  	1325 Town Centre Dr	  	Eagan	  	MN	  	55123
	P0000752	  	Sky Ventures, LLC	  	Pizza Hut	  	964 Hwy 15 S	  	Hutchinson	  	MN	  	55350
	P0000753	  	Sky Ventures, LLC	  	Pizza Hut	  	5501 Grand Ave	  	Duluth	  	MN	  	55808
	P0000754	  	Sky Ventures, LLC	  	Pizza Hut	  	3600 N Douglas	  	Crystal	  	MN	  	55422
	P0000755	  	Sky Ventures, LLC	  	Pizza Hut	  	32 Sheridan St	  	Ely	  	MN	  	55731
	P0000756	  	Sky Ventures, LLC	  	Pizza Hut	  	701 Highway 33 S	  	Cloquet	  	MN	  	55720
	P0000757	  	Sky Ventures, LLC	  	Pizza Hut	  	1101 Hwy 25 N	  	Buffalo	  	MN	  	55313
	P0000758	  	Sky Ventures, LLC	  	Pizza Hut	  	1918 London Rd	  	Duluth	  	MN	  	55812
	P0000759	  	Sky Ventures, LLC	  	Pizza Hut	  	1725 E Main St	  	Albert Lea	  	MN	  	56007
	P0000760	  	Sky Ventures, LLC	  	Pizza Hut	  	623 Hammond Ave	  	Superior	  	WI	  	54880
	P0000761	  	Sky Ventures, LLC	  	Pizza Hut	  	3854 N Central Ave	  	Columbia Heights	  	MN	  	55421
	P0000762	  	Sky Ventures, LLC	  	Pizza Hut	  	100 N Phillips	  	Algona	  	IA	  	50511
	P0000763	  	Sky Ventures, LLC	  	Pizza Hut	  	1653 Weir Dr	  	Woodbury	  	MN	  	55125

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000764	  	Sky Ventures, LLC	  	Pizza Hut	  	W Hwy 18	  	Mason City	  	IA	  	50401
	P0000765	  	Sky Ventures, LLC	  	Pizza Hut	  	1211 7th Ave	  	Two Harbors	  	MN	  	55616
	P0000766	  	Sky Ventures, LLC	  	Pizza Hut	  	257 Marschall Rd	  	Shakopee	  	MN	  	55379
	P0000767	  	Sky Ventures, LLC	  	Pizza Hut	  	Hwy 18	  	Clear Lake	  	IA	  	50428
	P0000768	  	Sky Ventures, LLC	  	Pizza Hut	  	1157 S Main	  	Sauk Centre	  	MN	  	56378
	P0000769	  	Sky Ventures, LLC	  	Pizza Hut	  	15065 Canada Rd	  	Rosemount	  	MN	  	55068
	P0000770	  	Sky Ventures, LLC	  	Pizza Hut	  	1504 13th Street S	  	Virginia	  	MN	  	55792
	P0000771	  	Sky Ventures, LLC	  	Pizza Hut	  	7500 Bass Lake Rd	  	New Hope	  	MN	  	55428
	P0000772	  	Sky Ventures, LLC	  	Pizza Hut	  	1300 W Broadway	  	Minneapolis	  	MN	  	55411
	P0000773	  	Sky Ventures, LLC	  	Pizza Hut	  	319 N Benton	  	Sauk Rapids	  	MN	  	56379
	P0000774	  	Sky Ventures, LLC	  	Pizza Hut	  	1685 White Bear Ave	  	Maplewood	  	MN	  	55109
	P0000775	  	Sky Ventures, LLC	  	Pizza Hut	  	17305 Kenrick Ave	  	Lakeville	  	MN	  	55044
	P0000776	  	Sky Ventures, LLC	  	Pizza Hut	  	2001 W Hwy 52	  	Rochester	  	MN	  	55901
	P0000777	  	Sky Ventures, LLC	  	Pizza Hut	  	1101 37th St East	  	Hibbing	  	MN	  	55746
	P0000778	  	Sky Ventures, LLC	  	Pizza Hut	  	806 S Pokegama	  	Grand Rapids	  	MN	  	55744
	P0000779	  	Sky Ventures, LLC	  	Pizza Hut	  	1404 E College Dr	  	Marshall	  	MN	  	56258
	P0000780	  	Falcon Holdings, LLC	  	Church’s	  	276 Park Ave W	  	Mansfield	  	OH	  	44902
	P0000781	  	Falcon Holdings, LLC	  	Church’s	  	700 S Arlington	  	Akron	  	OH	  	44306
	P0000782	  	Falcon Holdings, LLC	  	Church’s	  	1520 E Main	  	Columbus	  	OH	  	43205
	P0000783	  	Falcon Holdings, LLC	  	Church’s	  	920 N Grand Ave	  	St. Louis	  	MO	  	63106
	P0000784	  	Falcon Holdings, LLC	  	Church’s	  	4375 Refugee Rd	  	Columbus	  	OH	  	43232
	P0000785	  	Falcon Holdings, LLC	  	Church’s	  	1391 Wooster Ave	  	Akron	  	OH	  	44320
	P0000786	  	Falcon Holdings, LLC	  	Church’s	  	3525 N Grand Blvd	  	St. Louis	  	MO	  	63107
	P0000787	  	Falcon Holdings, LLC	  	Church’s	  	410 9th St NE	  	Canton	  	OH	  	44704
	P0000788	  	Falcon Holdings, LLC	  	Church’s	  	805 N Kings Hwy	  	St. Louis	  	MO	  	63108
	P0000789	  	Falcon Holdings, LLC	  	Church’s	  	7260 Manchester Rd	  	Maplewood	  	MO	  	63143
	P0000790	  	Falcon Holdings, LLC	  	Church’s	  	1211 S. Main	  	Akron	  	OH	  	44301
	P0000791	  	Falcon Holdings, LLC	  	Church’s	  	1753 Woodson Rd	  	Overland	  	MO	  	63114
	P0000792	  	Falcon Holdings, LLC	  	Church’s	  	4414 N Saginaw	  	Flint	  	MI	  	48505
	P0000793	  	Falcon Holdings, LLC	  	Church’s	  	4401 Marshall Rd	  	St. Louis	  	MO	  	63134
	P0000794	  	Falcon Holdings, LLC	  	Church’s	  	10646 New Halls Ferry	  	Ferguson	  	MO	  	63135
	P0000795	  	Falcon Holdings, LLC	  	Church’s	  	16100 Livernois	  	Detroit	  	MI	  	48221
	P0000796	  	Falcon Holdings, LLC	  	Church’s	  	7215 Natural Bridge Rd	  	Normandy	  	MO	  	63121
	P0000797	  	Falcon Holdings, LLC	  	Church’s	  	9137 W Grand River	  	Detroit	  	MI	  	48204
	P0000798	  	Falcon Holdings, LLC	  	Church’s	  	13611 West 8 Mile Rd	  	Detroit	  	MI	  	48235

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000799	  	Falcon Holdings, LLC	  	Church’s	  	24990 Dequindre	  	Warren	  	MI	  	48091
	P0000800	  	Falcon Holdings, LLC	  	Church’s	  	15525 Chicago Ave	  	Detroit	  	MI	  	48228
	P0000801	  	Falcon Holdings, LLC	  	Church’s	  	11501 Woodward Ave	  	Detroit	  	MI	  	48202
	P0000802	  	Falcon Holdings, LLC	  	Church’s	  	2928 E 7 Mile Rd	  	Detroit	  	MI	  	48234
	P0000803	  	Falcon Holdings, LLC	  	Church’s	  	13531 Fenkell Ave	  	Detroit	  	MI	  	48227
	P0000804	  	Falcon Holdings, LLC	  	Church’s	  	4850 West 16th St	  	Indianapolis	  	IN	  	46224
	P0000805	  	Falcon Holdings, LLC	  	Church’s	  	14260 Gratiot Ave	  	Detroit	  	MI	  	48205
	P0000806	  	Falcon Holdings, LLC	  	Church’s	  	5443 East 21st St	  	Indianapolis	  	IN	  	46218
	P0000807	  	Falcon Holdings, LLC	  	Church’s	  	3860 N College Ave	  	Indianapolis	  	IN	  	46205
	P0000808	  	Falcon Holdings, LLC	  	Church’s	  	11965 E Warren Ave	  	Detroit	  	MI	  	48214
	P0000809	  	Falcon Holdings, LLC	  	Church’s	  	3970 Lafayette Rd	  	Indianapolis	  	IN	  	46254
	P0000810	  	Falcon Holdings, LLC	  	Church’s	  	5520 Caseyville Ave	  	Washington Park	  	IL	  	62204
	P0000811	  	Falcon Holdings, LLC	  	Church’s	  	5040 E 38th St	  	Indianapolis	  	IN	  	46218
	P0000812	  	Falcon Holdings, LLC	  	Church’s	  	4590 W 5th Ave	  	Gary	  	IN	  	46406
	P0000813	  	Falcon Holdings, LLC	  	Church’s	  	333 E 159th St	  	Harvey	  	IL	  	60426
	P0000814	  	Falcon Holdings, LLC	  	Church’s	  	3863 N Post Rd	  	Indianapolis	  	IN	  	46226
	P0000815	  	Falcon Holdings, LLC	  	Church’s	  	500 S Western Avenue	  	Peoria	  	IL	  	61605
	P0000816	  	Falcon Holdings, LLC	  	Church’s	  	5400-08 W. CermakRd	  	Cicero	  	IL	  	60650
	P0000817	  	Falcon Holdings, LLC	  	Church’s	  	3701 Grant St	  	Gary	  	IN	  	46408
	P0000818	  	Falcon Holdings, LLC	  	Church’s	  	1409 South Broadway	  	Gary	  	IN	  	46407
	P0000819	  	Falcon Holdings, LLC	  	Church’s	  	4812 W North Ave	  	Chicago	  	IL	  	60639
	P0000820	  	Falcon Holdings, LLC	  	Church’s	  	345 Collins St	  	Joliet	  	IL	  	60432
	P0000821	  	Falcon Holdings, LLC	  	Church’s	  	7102 S Stony Island Ave	  	Chicago	  	IL	  	60649
	P0000822	  	Falcon Holdings, LLC	  	Church’s	  	200 E 103rd St	  	Chicago	  	IL	  	60628
	P0000823	  	Falcon Holdings, LLC	  	Church’s	  	2601 State St	  	East St. Louis	  	IL	  	62201
	P0000824	  	Falcon Holdings, LLC	  	Church’s	  	43I N Austin Blvd	  	Chicago	  	IL	  	60644
	P0000825	  	Falcon Holdings, LLC	  	Church’s	  	101 E 35th St	  	Chicago	  	IL	  	60616
	P0000826	  	Falcon Holdings, LLC	  	Church’s	  	6600 S Halsted St	  	Chicago	  	IL	  	60621
	P0000827	  	Falcon Holdings, LLC	  	Church’s	  	1808 W 47th St	  	Chicago	  	IL	  	60609
	P0000828	  	Falcon Holdings, LLC	  	Church’s	  	1855 S Blue Island Ave	  	Chicago	  	IL	  	60608
	P0000829	  	Falcon Holdings, LLC	  	Church’s	  	2806 W Cermak Ave	  	Chicago	  	IL	  	60623
	P0000844	  	Hughes Supply, Inc.	  	Hughes Supply	  	914 Chris Drive	  	West Columbia	  	SC	  	29169
	P0000845	  	Hughes Supply, Inc.	  	Hughes Supply	  	990 Pedigo Way	  	Bowling Green	  	KY	  	42103
	P0000846	  	Hughes Supply, Inc.	  	Hughes Supply	  	103 Industrial Drive	  	Hattiesburg	  	MS	  	39401
	P0000847	  	Hughes Supply, Inc.	  	Hughes Supply	  	10645 Auto Mall Pkwy	  	D’lberville	  	MS	  	39540

													
	 Property ID
	  	 Obligor
	  	 Concept
	  	 Address
	  	 City
	  	 ST
	  	 Zip Code

	P0000848	  	Hughes Supply, Inc.	  	Hughes Supply	  	850 E Pine Log Rd	  	Aiken	  	SC	  	29803
	P0000849	  	Hughes Supply, Inc.	  	Hughes Supply	  	856 Henri DeTonti Blvd	  	Tontitown	  	AR	  	72770
	P0000850	  	Hughes Supply, Inc.	  	Hughes Supply	  	7281 East 30th Street	  	Indianapolis	  	IN	  	46219
	P0000851	  	Hughes Supply, Inc.	  	Hughes Supply	  	5905 Old Rutledge Pike	  	Knoxville	  	TN	  	37924
	P0000852	  	Hughes Supply, Inc.	  	Hughes Supply	  	6501 Amsterdam Way	  	Wilmington	  	NC	  	28405
	P0000853	  	Hughes Supply, Inc.	  	Hughes Supply	  	341 Gees Mill Bus Pkwy	  	Conyers	  	GA	  	30013
	P0000854	  	Hughes Supply, Inc.	  	Hughes Supply	  	4339 White Lick Dr	  	Whitestown	  	IN	  	46075

 EXHIBIT A-2 
 MORTGAGE LOAN SCHEDULE 

  
 A-2

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	E000787	  	Sky Ventures, LLC	  	E000787	  	5812 - Restaurants	  	Retail .	  	Restaurants	  		  	N
	P0000891	  	Flying J. Inc.	  	P0000047	  	5411 - Gas stations/[ILLEGIBLE]	  	Retail	  	Truck Stops	  		  	N
	P0000892	  	Flying J. Inc.	  	P0000048	  	5411 - Gas stations/ [ILLEGIBLE]	  	Retail	  	Truck Stops	  		  	N
	P0000893	  	Flying J. Inc.	  	P0000049	  	5411 - Gas stations/ [ILLEGIBLE]	  	Retail	  	Truck Stops	  		  	N
	P0000894	  	Flying J. Inc.	  	P0000050	  	5411 - Gas stations/ [ILLEGIBLE]	  	Retail	  	Truck Stops	  		  	N
	P0000981	  	Taco Bueno Restaurants, Inc.	  	P0000051	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000982	  	Taco Bueno Restaurants, Inc.	  	P0000052	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000983	  	Taco Bueno Restaurants, Inc.	  	P0000053	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000984	  	Taco Bueno Restaurants, Inc.	  	P0000054	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000985	  	Taco Bueno Restaurants, Inc.	  	P0000055	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000986	  	Taco Bueno Restaurants, Inc.	  	P0000056	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000987	  	Taco Bueno Restaurants, Inc.	  	P0000057	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000988	  	Taco Bueno Restaurants, Inc.	  	P0000058	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000989	  	Taco Bueno Restaurants, Inc.	  	P0000059	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000990	  	Taco Bueno Restaurants, Inc.	  	P0000060	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000991	  	Taco Bueno Restaurants, Inc.	  	P0000061	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000992	  	Taco Bueno Restaurants, Inc.	  	P0000062	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000993	  	Taco Bueno Restaurants, Inc.	  	P0000063	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000994	  	Taco Bueno Restaurants, Inc.	  	P0000064	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000995	  	Taco Bueno Restaurants, Inc.	  	P0000065	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000996	  	Taco Bueno Restaurants, Inc.	  	P0000066	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000997	  	Taco Bueno Restaurants, Inc.	  	P0000067	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000998	  	Taco Bueno Restaurants, Inc.	  	P0000068	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000999	  	Taco Bueno Restaurants, Inc.	  	P0000069	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001000	  	Taco Bueno Restaurants, Inc.	  	P0000070	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001001	  	Taco Bueno Restaurants, Inc.	  	P0000071	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001002	  	Taco Bueno Restaurants, Inc.	  	P0000072	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001003	  	Taco Bueno Restaurants, Inc.	  	P0000073	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001004	  	Taco Bueno Restaurants, Inc.	  	P0000074	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001005	  	Taco Bueno Restaurants, Inc.	  	P0000075	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001006	  	Taco Bueno Restaurants, Inc.	  	P0000076	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001007	  	Taco Bueno Restaurants, Inc.	  	P0000077	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001008	  	Taco Bueno Restaurants, Inc.	  	P0000078	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001009	  	Taco Bueno Restaurants, Inc.	  	P0000079	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001010	  	Taco Bueno Restaurants, Inc.	  	P0000080	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0001011	  	Taco Bueno Restaurants, Inc.	  	P0000081	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001012	  	Taco Bueno Restaurants, Inc.	  	P0000082	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001013	  	Taco Bueno Restaurants, Inc.	  	P0000083	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001014	  	Taco Bueno Restaurants, Inc.	  	P0000084	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001015	  	Taco Bueno Restaurants, Inc.	  	P0000085	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0001016	  	Advance Auto Parts, Inc.	  	P0000086	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001017	  	Advance Auto Parts, Inc.	  	P0000087	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001018	  	Advance Auto Parts, Inc.	  	P0000088	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001019	  	Advance Auto Parts, Inc.	  	P0000089	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001020	  	Advance Auto Parts, Inc.	  	P0000090	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001021	  	Advance Auto Parts, Inc.	  	P0000091	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001022	  	Advance Auto Parts, Inc.	  	P0000092	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001023	  	Advance Auto Parts, Inc.	  	P0000093	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001024	  	Advance Auto Parts, Inc.	  	P0000094	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001025	  	Advance Auto Parts, Inc.	  	P0000095	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001026	  	Advance Auto Parts, Inc.	  	P0000096	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001027	  	Advance Auto Parts, Inc.	  	P0000097	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001028	  	Advance Auto Parts, Inc.	  	P0000098	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001029	  	Advance Auto Parts, Inc.	  	P0000099	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001030	  	Advance Auto Parts, Inc.	  	P0000100	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001031	  	Advance Auto Parts, Inc.	  	P0000101	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001032	  	Advance Auto Parts, Inc.	  	P0000102	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001033	  	Advance Auto Parts, Inc.	  	P0000103	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001034	  	Advance Auto Parts, Inc.	  	P0000104	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001035	  	Advance Auto Parts, Inc.	  	P0000105	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001036	  	Advance Auto Parts, Inc.	  	P0000106	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001037	  	Advance Auto Parts, Inc.	  	P0000107	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001038	  	Advance Auto Parts, Inc.	  	P0000108	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001039	  	Advance Auto Parts, Inc.	  	P0000109	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001040	  	Advance Auto Parts, Inc.	  	P0000110	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001041	  	Advance Auto Parts, Inc.	  	P0000111	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001042	  	Advance Auto Parts, Inc.	  	P0000112	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001043	  	Advance Auto Parts, Inc.	  	P0000113	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001044	  	Advance Auto Parts, Inc.	  	P0000114	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001045	  	Advance Auto Parts, Inc.	  	P0000115	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0001046	  	Advance Auto Parts, Inc.	  	P0000116	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0001047	  	Advance Auto Parts, Inc.	  	P0000117	  	5531 - Auto Parts Stores	  	Retail	  	Automotive	  	Auto Parts	  	N
	P0000895	  	America’s Power Sports	  	P0000122	  	5571 - Motorcycle Dealers	  	Retail	  	Automotive	  	Motorcycle Dealers	  	N
	P0000896	  	Barnhill’s Buffet, Inc.	  	P0000159	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000897
	  	Barnhill’s Buffet, Inc.	  	P0000160	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000898	  	Barnhill’s Buffet, Inc.	  	P0000161	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000899	  	Barnhill’s Buffet, Inc.	  	P0000162	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000900	  	Barnhill’s Buffet, Inc.	  	P0000163	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000901	  	Barnhill’s Buffet, Inc.	  	P0000164	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000902	  	Barnhill’s Buffet, Inc.	  	P0000165	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000903	  	Barnhill’s Buffet, Inc.	  	P0000166	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000904	  	Barnhill’s Buffet, Inc.	  	P0000167	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000905	  	Hastings Entertainment, Inc.	  	P0000172	  	5812 - Retail Computer & [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Books, Music and [ILLEGIBLE]	  	N
	P0000906	  	AMC Entertainment, Inc.	  	P0000177	  	7830 - Movie Theaters	  	Service	  	Movie Theaters	  		  	N
	P0000907	  	Pike Holding Nursery LLC	  	P0000178	  	5261 - Nurseries, Lawn and [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Plant Nursery	  	N
	P0000908	  	Pike Holding Nursery LLC	  	P0000179	  	5261 - Nurseries, Lawn and [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Plant Nursery	  	N
	P0000909	  	Pike Holding Nursery LLC	  	P0000180	  	5261 - Nurseries, Lawn and [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Plant Nursery	  	N
	P0000910	  	Pike Holding Nursery LLC	  	P0000181	  	5261 - Nurseries, Lawn and [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Plant Nursery	  	N
	P0000911	  	Pike Holding Nursery LLC	  	P0000182	  	5261 - Nurseries, Lawn	  	Retail	  	Specialty Retail	  	Plant Nursery	  	N
	P0000912	  	Pike Holding Nursery LLC	  	P0000183	  	 and [ILLEGIBLE]
 5261 -
Nurseries, Lawn and [ILLEGIBLE]
	  	Retail	  	Specialty Retail	  	Plant Nursery	  	 N
 N

	P0000913	  	Grand Canyon University	  	P0000188	  	8221 - Colleges & [ILLEGIBLE]	  	Service	  	Education	  	University	  	N
	P0000300	  	NPC International, Inc.	  	P0000300	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000301	  	NPC International, Inc.	  	P0000301	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000302	  	NPC International, Inc.	  	P0000302	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000303	  	NPC International, Inc.	  	P0000303	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000304	  	NPC International, Inc.	  	P0000304	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000305	  	NPC International, Inc.	  	P0000305	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000306	  	Skyline Chili, Inc.	  	P0000306	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000309	  	Carrols Corporation	  	P0000309	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000310	  	Carrols Corporation	  	P0000310	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000311	  	Carrols Corporation	  	P0000311	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000312	  	Carrols Corporation	  	P0000312	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000313	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000313	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000314	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000314	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000315	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000315	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -
Y/N

	P0000316	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000316	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P00003I7	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000317	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000318	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000318	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000319	  	Interfoods of America, Inc.	  	P0000319	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000323	  	Mexican Restaurants	  	P0000323	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000324	  	Banyan, Inc.	  	P0000324	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000326	  	Interfoods of America, Inc.	  	P0000326	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000327	  	Burger King Corporation	  	P0000327	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000328	  	Burger King Corporation	  	P0000328	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000329	  	Burger King Corporation	  	P0000329	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000330	  	R & L Foods, LLC	  	P0000330	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000331	  	Pennant Foods	  	P0000331	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000332	  	Pennant Foods	  	P0000332	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000336	  	Thomas & Thomas [ILLEGIBLE]	  	P0000336	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000338	  	Tacala, L.L.C.	  	P0000338	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000349	  	Skyline Chili, Inc.	  	P0000349	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000350	  	Interfoods of America, Inc.	  	P0000350	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000351	  	Interfoods of America, Inc.	  	P0000351	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000354	  	Fuddruckers, Inc.	  	P0000354	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000355	  	Fuddruckers, Inc.	  	P0000355	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000356	  	Fuddruckers, Inc.	  	P0000356	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000357	  	Fuddruckers, Inc.	  	P0000357	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000358	  	Fuddruckers, Inc.	  	P0000358	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000359	  	Fuddruckers, Inc.	  	P0000359	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000360	  	Fuddruckers, Inc.	  	P0000360	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000361	  	Fuddruckers, Inc.	  	P0000361	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000362	  	Fuddruckers, Inc.	  	P0000362	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000363	  	Fuddruckers, Inc.	  	P0000363	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000364	  	Fuddruckers, Inc.	  	P0000364	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000365	  	Fuddruckers, Inc.	  	P0000365	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000366	  	Fuddruckers, Inc.	  	P0000366	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000367	  	Fuddruckers, Inc.	  	P0000367	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000368	  	Fuddruckers, Inc.	  	P0000368	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000369	  	Fuddruckers, Inc.	  	P0000369	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000370	  	Fuddruckers, Inc.	  	P0000370	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0000371	  	Fuddruckers, Inc.	  	P0000371	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000372	  	Fuddruckers, Inc.	  	P0000372	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000373	  	Fuddruckers, Inc.	  	P0000373	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000374	  	Fuddruckers, Inc.	  	P0000374	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000375	  	Fuddruckers, Inc.	  	P0000375	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000378	  	Interfoods of America, Inc.	  	P0000378	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000379	  	Pennant Foods	  	P0000379	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000380	  	Interfoods of America, Inc.	  	P0000380	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000381	  	NPC International, Inc.	  	P0000381	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000914	  	Dickinson Theatres, Inc.	  	P0000382	  	7830 - Movie Theaters	  	Service	  	Movie Theaters	  		  	N
	P0000915	  	Dickinson Theatres, Inc.	  	P0000383	  	7830 - Movie Theaters	  	Service	  	Movie Theaters	  		  	N
	P0000916	  	Hastings Entertainment, Inc.	  	P0000384	  	5735 - Retail Computer & [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Books, Music and [ILLEGIBLE]	  	N
	P0000917	  	Kansas Corral	  	P0000385	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000918	  	Kansas Corral	  	P0000386	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000919	  	Ferrellgas, L.P	  	P0000387	  	5900 - Miscellaneous [ILLEGIBLE]	  	Distribution	  	Gas/Propane	  		  	N
	P0000390	  	Famous Dave’s of America	  	P0000390	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000391	  	Famous Dave’s of America	  	P0000391	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000392	  	Famous Dave’s of America	  	P0000392	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000393	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000393	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000394	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000394	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000395	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000395	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000396	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000396	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000397	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000397	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000398	  	Friendly’s Ice Cream [ILLEGIBLE]	  	P0000398	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000399	  	Interfoods of America, Inc.	  	P0000399	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000400	  	Interfoods of America, Inc.	  	P0000400	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000401	  	Interfoods of America, Inc.	  	P0000401	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000402	  	Interfoods of America, Inc.	  	P0000402	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000403	  	Interfoods of America, Inc.	  	P0000403	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000404	  	Interfoods of America, Inc.	  	P0000404	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000405	  	Interfoods of America, Inc.	  	P0000405	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000406	  	Interfoods of America, Inc.	  	P0000406	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000408	  	Interfoods of America, Inc.	  	P0000408	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000409	  	Interfoods of America, Inc.	  	P0000409	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000410	  	Interfoods of America, Inc.	  	P0000410	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased
- Y/N

	P0000411	  	Interfoods of America, Inc.	  	P0000411	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000412	  	Interfoods of America, Inc.	  	P0000412	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000415	  	1st University Credit Union	  	P0000415	  	6061 - Credit Unions	  	Service	  	Banking	  	Credit Union	  	N
	P0000416	  	Barnhill’s Buffet, Inc.	  	P0000416	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000417	  	Barnhill’s Buffet, Inc.	  	P0000417	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000418	  	Barnhill’s Buffet, Inc.	  	P0000418	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000419	  	Barnhill’s Buffet, Inc.	  	P0000419	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000420	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000420	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000421	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000421	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000424	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000424	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000425	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000425	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000426	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000426	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000428	  	Checker’s Drive-In [ILLEGIBLE]	  	P0000428	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000429	  	Goldco, Inc.	  	P0000429	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000431	  	Max & Erma’s Restaurants,[ILLEGIBLE]	  	P0000431	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000432	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000432	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000433	  	Max & Erma’s Restaurants, [ILLEGIBLE]	  	P0000433	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000434	  	QK, Inc.	  	P0000434	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000436	  	Arby’s Restaurant Group	  	P0000436	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000437	  	Arby’s Restaurant Group	  	P0000437	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000438	  	Arby’s Restaurant Group	  	P0000438	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000439	  	Arby’s Restaurant Group	  	P0000439	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000440	  	Arby’s Restaurant Group	  	P0000440	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000442	  	Arby’s Restaurant Group	  	P0000442	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000443	  	Arby’s Restaurant Group	  	P0000443	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000446	  	Arby’s Restaurant Group	  	P0000446	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000449	  	Arby’s Restaurant Group	  	P0000449	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000450	  	Arby’s Restaurant Group	  	P0000450	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000451	  	Arby’s Restaurant Group	  	P0000451	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000453	  	Arby’s Restaurant Group	  	P0000453	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000454	  	Arby’s Restaurant Group	  	P0000454	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000455	  	Arby’s Restaurant Group	  	P0000455	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000456	  	Interfoods of America, Inc.	  	P0000456	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000457	  	Interfoods of America, Inc.	  	P0000457	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000459	  	Interfoods of America, Inc.	  	P0000459	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0000920	  	Gander Mountain Company	  	P0000461	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000921	  	Carmike Cinemas, Inc.	  	P0000462	  	7830 - Movie Theaters	  	Service	  	Movie Theaters	  		  	N
	P0000922	  	Humperdink’s Texas, LLC	  	P0000463	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000923	  	Humperdink’s Texas, LLC	  	P0000464	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000924	  	Humperdink’s Texas, LLC	  	P0000465	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000925	  	Humperdink’s Texas, LLC	  	P0000466	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000926	  	Taco Bueno Restaurants, Inc.	  	P0000467	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000927	  	Taco Bueno Restaurants, Inc.	  	P0000468	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000928	  	Taco Bueno Restaurants, Inc.	  	P0000469	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000929	  	Taco Bueno Restaurants, Inc.	  	P0000470	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000930	  	Gander Mountain Company	  	P0000471	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000931	  	Dave & Buster’s, Inc.	  	P0000473	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000932	  	Hill Country Furniture [ILLEGIBLE]	  	P0000476	  	5712 - Furniture Stores	  	Retail	  	Specialty Retail	  	Furniture	  	N
	P0000933	  	RBLS, Inc. (a Texas [ILLEGIBLE]	  	P0000477	  	5712 - Furniture Stores	  	Retail	  	Specialty Retail	  	Furniture	  	N
	P0000934	  	Gander Mountain Company	  	P0000478	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000935	  	Ferrellgas, L.P	  	P0000479	  	5900 - Miscellaneous Retail	  	Distribution	  	Gas/Propane	  		  	N
	P0000936	  	Gander Mountain Company	  	P0000481	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000937	  	Sonic Corp.	  	P0000482	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000938	  	Sonic Corp.	  	P0000483	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000939	  	Sonic Corp.	  	P0000484	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000940	  	Sonic Corp.	  	P0000533	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000941	  	Sonic Corp.	  	P0000534	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000942	  	Sonic Corp.	  	P0000535	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000943	  	Sonic Corp.	  	P0000536	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000944	  	Sonic Corp.	  	P0000537	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000945	  	Sonic Corp.	  	P0000538	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000946	  	Sonic Corp.	  	P0000539	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000947	  	Sonic Corp.	  	P0000540	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000948	  	Sonic Corp.	  	P0000541	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000949	  	Sonic Corp.	  	P0000542	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000950	  	Sonic Corp.	  	P0000543	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000951	  	Dickinson Theatres, Inc.	  	P0000545	  	7830 - Movie Theaters	  	Service	  	Movie Theaters	  		  	N
	P0000952	  	Gander Mountain Company	  	P0000551	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000953	  	Rite Aid Corporation	  	P0000552	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000954	  	Rite Aid Corporation	  	P0000553	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0000955	  	Rite Aid Corporation	  	P0000554	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000956	  	Rite Aid Corporation	  	P0000556	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000957	  	Rite Aid Corporation	  	P0000559	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000958	  	Rite Aid Corporation	  	P0000560	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000959	  	Rite Aid Corporation	  	P0000561	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N 
	P0000960	  	Sonic Corp.	  	P0000566	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000961	  	Flying Star Cafe	  	P0000596	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000962	  	Flying Star Cafe	  	P0000597	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000963	  	Hughes Supply, Inc.	  	P0000634	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000964	  	Hughes Supply, Inc.	  	P0000637	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000965	  	Hughes Supply, Inc.	  	P0000640	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N 
	P0000966	  	Hughes Supply, Inc.	  	P0000642	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000967	  	Hughes Supply, Inc.	  	P0000644	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000968	  	Hughes Supply, Inc.	  	P0000646	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000969	  	Hughes Supply, Inc.	  	P0000647	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000970	  	Hughes Supply, Inc.	  	P0000648	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000971	  	Hughes Supply, Inc.	  	P0000650	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000972	  	Hughes Supply, Inc.	  	P0000655	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000973	  	Hughes Supply, Inc.	  	P0000658	  	5070 - Wholesale Hardware	  	Distribution	  	Plumbing/Electrical	  		  	N
	P0000673	  	Arby’s Restaurant Group	  	P0000673	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000675	  	Arby’s Restaurant Group	  	P0000675	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000676	  	Arby’s Restaurant Group	  	P0000676	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000677	  	Arby’s Restaurant Group	  	P0000677	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000678	  	Arby’s Restaurant Group	  	P0000678	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000679	  	Arby’s Restaurant Group	  	P0000679	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000680	  	Mexican Restaurants	  	P0000680	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000681	  	Mexican Restaurants	  	P0000681	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000682	  	Mexican Restaurants	  	P0000682	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000683	  	Mexican Restaurants	  	P0000683	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000685	  	Mexican Restaurants	  	P0000685	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y
	P0000687	  	Mexican Restaurants	  	P0000687	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000688	  	Mexican Restaurants	  	P0000688	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000689	  	Mexican Restaurants	  	P0000689	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000691	  	Mexican Restaurants	  	P0000691	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000692	  	Arby’s Restaurant Group	  	P0000692	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	Y

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -
Y/N

	P0000974	  	Rite Aid Corporation	  	P0000693	  	5912 - Drug Stores	  	Retail	  	Drug stores	  		  	N
	P0000975	  	Sportsman’s Warehouse	  	P0000694	  	5941 - Sporting Goods - [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Sporting Goods	  	N
	P0000976	  	Apollo College	  	P0000696	  	8249 - Schools-Medical & [ILLEGIBLE]	  	Service	  	Education	  	Vocational/Technical	  	N
	P0000977	  	Apollo College	  	P0000697	  	8249 - Schools-Medical & [ILLEGIBLE]	  	Service	  	Education	  	Vocational/Technical	  	N
	P0000978	  	Apollo College	  	P0000698	  	8249 - Schools-Medical & [ILLEGIBLE]	  	Service	  	Education	  	Vocational/Technical	  	N
	P0000979	  	Apollo College	  	P0000699	  	8249 - Schools-Medical & [ILLEGIBLE]	  	Service	  	Education	  	Vocational/Technical	  	N
	P0000980	  	Pilgrim’s Pride Corporation	  	P0000705	  	2015 - Poultry Distribution	  	Distribution	  	Poultry Distribution	  		  	N
	P0000706	  	Stonebrook Properties LLC	  	P0000706	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000707	  	Corral of Michigan LLC	  	P0000707	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000708	  	Pizza Properties, Ltd	  	P0000708	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000709	  	Pizza Properties, Ltd	  	P0000709	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000710	  	Pizza Properties, Ltd	  	P0000710	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000711	  	Pizza Properties, Ltd	  	P0000711	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000730	  	HOM Furniture, Inc.	  	P0000730	  	5712 - Furniture Stores	  	Retail	  	Specialty Retail	  	Furniture	  	N
	P0000731	  	HOM Furniture, Inc.	  	P0000731	  	5712 - Furniture Stores	  	Retail	  	Specialty Retail	  	Furniture	  	N
	P0000732	  	Hastings Entertainment, Inc.	  	P0000732	  	5735 - Retail Computer & [ILLEGIBLE]	  	Retail	  	Specialty Retail	  	Books, Music and [ILLEGIBLE]	  	N
	P0000737	  	Pizza Properties, Ltd	  	P0000737	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000738	  	Rite Aid Corporation	  	P0000738	  	5912 - Drug Stores	  	Retail	  	Drug Stores	  		  	N
	P0000747	  	Anvia, Inc.	  	P0000747	  	5712 - Furniture Stores	  	Retail	  	Specialty Retail	  	Furniture	  	N
	P0000748	  	Sky Ventures, LLC	  	P0000748	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000749	  	Sky Ventures, LLC	  	P0000749	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000750	  	Sky Ventures, LLC	  	P0000750	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000751	  	Sky Ventures, LLC	  	P0000751	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000752	  	Sky Ventures, LLC	  	P0000752	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000753	  	Sky Ventures, LLC	  	P0000753	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000754	  	Sky Ventures, LLC	  	P0000754	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000755	  	Sky Ventures, LLC	  	P0000755	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000756	  	Sky Ventures, LLC	  	P0000756	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000757	  	Sky Ventures, LLC	  	P0000757	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000758	  	Sky Ventures, LLC	  	P0000758	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000759	  	Sky Ventures, LLC	  	P0000759	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000760	  	Sky Ventures, LLC	  	P0000760	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000761	  	Sky Ventures, LLC	  	P0000761	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000762	  	Sky Ventures, LLC	  	P0000762	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000763	  	Sky Ventures, LLC	  	P0000763	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

															
	 Property ID
	  	 Obligor
	  	Old
Property ID	  	 SIC Code
	  	 Industry
	  	 Sector
	  	 Sub-Sector
	  	 Subleased -

Y/N

	P0000764	  	Sky Ventures, LLC	  	P0000764	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000765	  	Sky Ventures, LLC	  	P0000765	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000766	  	Sky Ventures, LLC	  	P0000766	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000767	  	Sky Ventures, LLC	  	P0000767	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000768	  	Sky Ventures, LLC	  	P0000768	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000769	  	Sky Ventures, LLC	  	P0000769	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000770	  	Sky Ventures, LLC	  	P0000770	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000771	  	Sky Ventures, LLC	  	P0000771	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N
	P0000772	  	Sky Ventures, LLC	  	P0000772	  	5812 - Restaurants	  	Retail	  	Restaurants	  		  	N

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	E000787	  		  	Sky Ventures, LLC	  	Pizza Hut	  	Equipment associated with the [ILLEGIBLE]
	P0000891	  		  	Flying J portfolio purchase (Washington Mutal)	  	Flying J Travel Plaza	  	950 State Road 206 West
	P0000892	  		  	Flying J portfolio purchase (Washington Mutal)	  	Flying J Travel Plaza	  	10226 Old Federal Highway
	P0000893	  		  	Flying J portfolio purchase (Washington Mutal)	  	Flying J Travel Plaza	  	5300 S SR 3
	P0000894	  		  	Flying J portfolio purchase (Washington Mutal)	  	Flying J Travel Plaza	  	15236 State Route 180
	P0000981	  		  	Taco Bueno	  	Taco Bueno	  	1321 Desiree Lane
	P0000982	  		  	Taco Bueno	  	Taco Bueno	  	2307 S Cooper St
	P0000983	  		  	Taco Bueno	  	Taco Bueno	  	5600 Camp Bowie Blvd
	P0000984	  		  	Taco Bueno	  	Taco Bueno	  	1528 Brown Trl
	P0000985	  		  	Taco Bueno	  	Taco Bueno	  	7436 E Admiral PI
	P0000986	  		  	Taco Bueno	  	Taco Bueno	  	8601 Highway 80 W
	P0000987	  		  	Taco Bueno	  	Taco Bueno	  	205 Spur 350
	P0000988	  		  	Taco Bueno	  	Taco Bueno	  	4117 Buffalo Gap Rd
	P0000989	  		  	Taco Bueno	  	Taco Bueno	  	5748 SW Green Oaks Blvd
	P0000990	  		  	Taco Bueno	  	Taco Bueno	  	1550 W University Dr
	P0000991	  		  	Taco Bueno	  	Taco Bueno	  	6350 Lake Worth Blvd
	P0000992	  		  	Taco Bueno	  	Taco Bueno	  	8611 S Lewis Ave
	P0000993	  		  	Taco Bueno	  	Taco Bueno	  	5724 Broadway Blvd
	P0000994	  		  	Taco Bueno	  	Taco Bueno	  	1113 W Northwest Hwy
	P0000995	  		  	Taco Bueno	  	Taco Bueno	  	301 W Shawnee St
	P0000996	  		  	Taco Bueno	  	Taco Bueno	  	2001 NW 23rd St
	P0000997	  		  	Taco Bueno	  	Taco Bueno	  	7057 Ridgmar Meadow Rd
	P0000998	  		  	Taco Bueno	  	Taco Bueno	  	1210 W Will Rogers Blvd
	P0000999	  		  	Taco Bueno	  	Taco Bueno	  	1301 S Meridian Ave
	P0001000	  		  	Taco Bueno	  	Taco Bueno	  	6112 S Gamett Rd
	P0001001	  		  	Taco Bueno	  	Taco Bueno	  	2630 S Buckner Blvd
	P0001002	  		  	Taco Bueno	  	Taco Bueno	  	722 S Main St
	P0001003	  		  	Taco Bueno	  	Taco Bueno	  	5010 US High way 277 S
	P0001004	  		  	Taco Bueno	  	Taco Bueno	  	3023 SW 29th St
	P0001005	  		  	Taco Bueno	  	Taco Bueno	  	6834 Wesley St
	P0001006	  		  	Taco Bueno	  	Taco Bueno	  	2951 N Belt Line Rd
	P0001007	  		  	Taco Bueno	  	Taco Bueno	  	5380 N Beach St
	P0001008	  		  	Taco Bueno	  	Taco Bueno	  	5341 William D Tate Ave
	P0001009	  		  	Taco Bueno	  	Taco Bueno	  	2404 Westport Pkwy
	P0001010	  		  	Taco Bueno	  	Taco Bueno	  	3204 SE Loop 820

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0001011	  		  	Taco Bueno	  	Taco Bueno	  	3700 Eldorado Pkwy
	P0001012	  		  	Taco Bueno	  	Taco Bueno	  	5032 S Sheridan Rd
	P0001013	  		  	Taco Bueno	  	Taco Bueno	  	1725 W Owen K Garriott Rd
	P0001014	  		  	Taco Bueno	  	Taco Bueno	  	2814 E l1th St
	P0001015	  		  	Taco Bueno	  	Taco Bueno	  	2305 E Southlake Blvd
	P0001016	  		  	Discount Auto	  	Discount Auto Parts	  	1603 S Main St
	P0001017	  		  	Discount Auto	  	Discount Auto Parts	  	5605 E Rite Rd
	P0001018	  		  	Discount Auto	  	Discount Auto Parts	  	8300 NW 103rd St
	P0001019	  		  	Discount Auto	  	Discount Auto Parts	  	615 N Dixie Fwy
	P0001020	  		  	Discount Auto	  	Discount Auto Parts	  	7522 Southgate Blvd
	P0001021	  		  	Discount Auto	  	Discount Auto Parts	  	5121 Powerline Rd
	P0001022	  		  	Discount Auto	  	Discount Auto Parts	  	3012 W Hillsborough Ave
	P0001023	  		  	Discount Auto	  	Discount Auto Parts	  	10824 S US Highway 41
	P0001024	  		  	Discount Auto	  	Advance Auto Parts	  	2636 S Smithville Rd
	P0001025	  		  	Discount Auto	  	Advance Auto Parts	  	3210 Library Rd
	P0001026	  		  	Discount Auto	  	Advance Auto Parts	  	3317 Agency St
	P0001027	  		  	Discount Auto	  	Discount Auto Parts	  	311 E Oakland Ave
	P0001028	  		  	Discount Auto	  	Discount Auto Parts	  	2815 Montgomery St
	P0001029	  		  	Discount Auto	  	Discount Auto Parts	  	1501 Manchester Expy
	P0001030	  		  	Discount Auto	  	Discount Auto Parts	  	203 W 6th St
	P0001031	  		  	Discount Auto	  	Discount Auto Parts	  	402 Columbia St
	P0001032	  		  	Discount Auto	  	Discount Auto Parts	  	2196 US Highway 17
	P0001033	  		  	Discount Auto	  	Discount Auto Parts	  	3602 Peach Orchard Rd
	P0001034	  		  	Discount Auto	  	Discount Auto Parts	  	760 E King Avenue
	P0001035	  		  	Discount Auto	  	Discount Auto Parts	  	310 W Taylor St
	P0001036	  		  	Discount Auto	  	Discount Auto Parts	  	5621 Riverdale Dr
	P0001037	  		  	Discount Auto	  	Discount Auto Parts	  	1496 US Highway 19
	P0001038	  		  	Discount Auto	  	Discount Auto Parts	  	950 E Boston St
	P0001039	  		  	Discount Auto	  	Advance Auto Parts	  	2602 Washington Ave
	P0001040	  		  	Discount Auto	  	Advance Auto Parts	  	3510 Gravois Ave
	P0001041	  		  	Discount Auto	  	Discount Auto Parts	  	5060 Hardy St
	P0001042	  		  	Discount Auto	  	Discount Auto Parts	  	300 US Highway 80 W
	P0001043	  		  	Discount Auto	  	Discount Auto Parts	  	1259 Ellis Ave
	P0001044	  		  	Discount Auto	  	Discount Auto Parts	  	179 Sgt Prentiss Dr
	P0001045	  		  	Discount Auto	  	Discount Auto Parts	  	198 Northside Dr

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0001046	  		  	Discount Auto	  	Discount Auto Parts	  	614 Central Ave W
	P0001047	  		  	Discount Auto	  	Discount Auto Parts	  	550 E Baruch St
	P0000895	  		  	America’s PowerSports - 1 Dealership	  	KC’s Powersports	  	12401 S. Memorial Parkway
	P0000896	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	3075 Gulf Breeze Parkway
	P0000897	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	431 Mary Esther Blvd
	P0000898	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	1117 Hwy 231 Bypass
	P0000899	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	1701 South Texas Avenue
	P0000900	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	625 18th Avenue North
	P0000901	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	2167 E.Silver Springs Blvd
	P0000902	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	3814 University Boulevard We
	P0000903	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	2611 US 27 North
	P0000904	  		  	Barnhill Sale/Leaseback	  	Barnhill’s Buffet	  	100 Live Oaks Boulevard
	P0000905	  		  	Hastings Ent - 1 unit (Great Falls, MT) S/L	  	Hastings	  	726 10th Avenue South
	P0000906	  		  	AMC - Esplanade	  	AMC Theatre	  	2515 E. Camelback Road
	P0000907	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	5795 State Bridge Road
	P0000908	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	3431 Ernest W. Barrett Pkwy
	P0000909	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	3985 Holly Springs Pkwy
	P0000910	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	4020 Roswell Road
	P0000911	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	2955 Holcomb Bridge Road
	P0000912	  		  	Roark Capital - Pike Nurseries, Inc. S/L (LOI)	  	Pike Plant Nursery	  	2900 Johnson Ferry Road
	P0000913	  		  	Grand Canyon University - Sale/Leaseback	  	Grand Canyon University	  	3300 West Camelback Rd.
	P0000300	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	925 N Green River Rd
	P0000301	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	4127 Frederica St
	P0000302	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	606 N lst St
	P0000303	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	1000 W Maple Ave
	P0000304	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	715 Columbia Rd
	P0000305	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Pizza Hut	  	1119 Paris Rd
	P0000306	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Skyline Chili	  	2805 Centre Dr
	P0000309	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	349 Tryon Rd
	P0000310	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	979 US Highway 70 E
	P0000311	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	1294 Canton Rd
	P0000312	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	14834 State Route 49
	P0000313	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	201 Bridewell Dr
	P0000314	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	2240 N Canton Center Rd
	P0000315	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	936 Sheraton Dr

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000316	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	8901 Kingsridge Dr
	P0000317	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	6420 Grand Ave
	P0000318	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Max & Erma’s	  	130 Andrews Dr
	P0000319	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Popeye’s	  	1727 Finley Blvd
	P0000323	  	Casa Mexico	  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Casa Mexico	  	1459 S Vinnell Way
	P0000324	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Grandy’s	  	1400 Juan Tabo Blvd NE
	P0000326	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Popeye’s	  	11413 Reulet Ave
	P0000327	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	488 E Main St
	P0000328	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	2400 13th St
	P0000329	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Burger King	  	11834 E Colonial Dr
	P0000330	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Wendy’s	  	2983 Cottingham Expy
	P0000331	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Wendy’s	  	1219 Oak Ridge Tpke
	P0000332	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Wendy’s	  	2544 Decatur Pike
	P0000336	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Whataburger	  	Loop 323 N of Highway 31
	P0000338	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Taco Bell	  	2303 Dayton Blvd
	P0000349	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Skyline Chili	  	9135 Owenfield Dr
	P0000350	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Popeye’s	  	361 Palisades Blvd
	P0000351	  		  	GEFF - 59 unit portfolio - 55 units Closing in June	  	Popeye’s	  	2265 Oneal Ln
	P0000354	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	10050 State St
	P0000355	  		  	GEFF - Fuddrucker’s 22 properties - master-lease.	  	Fuddruckers	  	1915 Scenic Hwy N
	P0000356	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	5271 E Main St
	P0000357	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	6607 N IH 35
	P0000358	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	3586 W Dublin Granville Rd
	P0000359	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	14035 E Evans Ave
	P0000360	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	3929 Southwest Fwy
	P0000361	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	11825 Technology Dr
	P0000362	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	6455 E Southern Ave
	P0000363	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	14500 Weaver Lake Rd
	P0000364	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	121 E Campus View Blvd
	P0000365	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	7250 Highway 6 N
	P0000366	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	3560 Fishinger Blvd
	P0000367	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	13010 Northwest Fwy
	P0000368	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	101 Regal Way
	P0000369	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	7800 W Bell Rd
	P0000370	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	9996 Escort Dr

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000371	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	8955 Springbrook Dr NW
	P0000372	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	1105 Merchants Way
	P0000373	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	11992 Chase Plz
	P0000374	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	10500 Town and Country Way
	P0000375	  		  	GEFF - Fuddrucker’s 22 properties - master lease.	  	Fuddruckers	  	4360 Kingwood Dr
	P0000378	  		  	GEFF - 59 unit portfolio part 2 - 4 units	  	Popeye’s	  	8194 Plank Road
	P0000379	  		  	GEFF - 59 unit portfolio part 2 - 4 units	  	Wendy’s	  	8749 Campo Road
	P0000380	  		  	GEFF - 59 unit portfolio part 2 - 4 units	  	Popeye’s	  	3411 N Pace Blvd
	P0000381	  		  	GEFF - 59 unit portfolio part 2 - 4 units	  	Pizza Hut	  	1551 W Main St
	P0000914	  		  	Dickinson Theaters - Purchase 2 locations	  	Dickinson Theaters	  	4900 NE 80th Street
	P0000915	  		  	Dickinson Theaters - Purchase 2 locations	  	Dickinson Theaters	  	1451 NE Douglas Street
	P0000916	  		  	Hastings Ent - Roswell unit acq. subject to existing lease	  	Hastings	  	1705 North Main Street
	P0000917	  		  	Allwell Golden Corral - 2 unit S/L	  	Golden Corral	  	616 So. Ridge Road Circle
	P0000918	  		  	Allwell Golden Corral - 2 unit S/L	  	Golden Corral	  	2830 W. 18th Avenue
	P0000919	  		  	Blue Rhino - Property in Tavarcs, FL.	  	Blue Rhino	  	300 County Road 448
	P0000390	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Famous Dave’s	  	14200 60th St N
	P0000391	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Famous Dave’s	  	7825 Vinewood Ln
	P0000392	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Famous Dave’s	  	7593 147th St W
	P0000393	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	90 N Genesee St
	P0000394	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	600 Mountain View Dr
	P0000395	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	697 Troy Schenectady Rd
	P0000396	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	632 Bloomfield Ave
	P0000397	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	11 Main St
	P0000398	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Friendly’s Ice Cream	  	936 Walnut Bottom Rd
	P0000399	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	5534 NW 7th Ave
	P0000400	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	233 W Hillsboro Blvd
	P0000401	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	3291 W Broward Blvd
	P0000402	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	14620 Plank Rd
	P0000403	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	1940 Main St
	P0000404	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	5946 Airline Hwy
	P0000405	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	290 Lobdell Hwy
	P0000406	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	107 S 25th St
	P0000408	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	9854 Halls Ferry Rd
	P0000409	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	8654 Natural Bridge Rd
	P0000410	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	2877 Target Dr

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000411	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	9376 Greenwell Springs Rd
	P0000412	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	2200 S Range Ave
	P0000415	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Other	  	605 S University Parks Dr
	P0000416	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Barnhill’s Buffet	  	325 S Mcgee Ave
	P0000417	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Barnhill’s Buffet	  	1070 S VolusiaAve
	P0000418	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Barnhill’s Buffet	  	6706 highway 63
	P0000419	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Barnhill’s Buffet	  	12475 Highway 49
	P0000420	  	Refranchised - operates as a [ILLEGIBLE]	  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	3979 W Tennessee St
	P0000421	  	Refranchised - operates as a [ILLEGIBLE]	  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	401 Vincennes Ave
	P0000424	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	7843 US Highway 42
	P0000425	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	1709 N Galvez St
	P0000426	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	2371 Saint Claude Ave
	P0000428	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Rally’s	  	602 N. Baldwin Avenue
	P0000429	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Burger King	  	1400 W Jefferson St
	P0000431	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Max & Erma’s	  	1275 E Dublin Granville Rd
	P0000432	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Max & Erma’s	  	1391 Arrowhead Dr
	P0000433	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Max & Erma’s	  	4279 Cemetery Rd
	P0000434	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Denny’s	  	17053 E Shea Blvd
	P0000436	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	1375 N Main St
	P0000437	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	163 Altama Connector Blvd
	P0000438	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	450 E State Rd
	P0000439	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	251 S Main St
	P0000440	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	2501 Mayport Rd
	P0000442	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	1116 Highway 81 W
	P0000443	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	403 Tri County Plz
	P0000446	  	Operates as an Arby’s	  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	181 Highway 90
	P0000449	  	Operates as an Arby’s	  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	7750 Airport Blvd
	P0000450	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	7002 Georgetown Rd
	P0000451	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	11190 Beach Blvd
	P0000453	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	9361 Atlantic Blvd
	P0000454	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	622 Fair Rd
	P0000455	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Arby’s	  	514 N Highway 52
	P0000456	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	5275 Government St
	P0000457	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	2137 Staring Ln
	P0000459	  		  	GEFF Portfolio - Sept ‘04 close on 71 properties	  	Popeye’s	  	2490 NW 79th St

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000920	  		  	Gander Mountain - Acq. of Kenosha subject to existing lease	  	Gander Mountain	  	6801 120th Avenue
	P0000921	  		  	Carmike Cinemas - 1 unit S/L in Cedar Rapids, IA	  	Carmike Cinemas	  	2435 Edgewood Road SW
	P0000922	  		  	Humperdinks (Ram Intl.) - 4 S/L locations	  	Humperdink	  	3820 Belt Line Road
	P0000923	  		  	Humperdinks (Ram Intl.) - 4 S/L locations	  	Humperdink	  	6050 Greenville Avenue
	P0000924	  		  	Humperdinks (Ram Intl.) - 4 S/L locations	  	Humperdink	  	2208 W. NW Highway
	P0000925	  		  	Humperdinks (Ram Intl.) - 4 S/L locations	  	Humperdink	  	700 Six Flags Drive
	P0000926	  		  	Taco Bueno - 4 unit S/L	  	Taco Bueno	  	1601 Garth Brooks Blvd
	P0000927	  		  	Taco Bueno - 4 unit S/L	  	Taco Bueno	  	2416 S. Georgia Street
	P0000928	  		  	Taco Bueno - 4 unit S/L	  	Taco Bueno	  	3124 Regency Lane
	P0000929	  		  	Taco Bueno - 4 unit S/L	  	Taco Bueno	  	2520 82nd Street
	P0000930	  		  	Gander Mountain - Utica location subject to existing lease	  	Gander Mountain	  	8635 Clinton Street
	P0000931	  		  	Dave & Buster’s - 1 unit in Marietta, GA	  	Dave & Buster’s	  	2215 D&B Drive
	P0000932	  		  	Ashley Furniture - San Antonio unit subject to existing lease	  	Ashley Furniture	  	7903 Pat Booker Road
	P0000933	  		  	Ashley Furniture (franchisee - RBLS) in El Paso	  	Ashley Furniture	  	1411 Airway Boulevard
	P0000934	  		  	Gander Mountain - Flint, MI 1 Unit	  	Gander Mountain	  	503 8-A Miller Road
	P0000935	  		  	Blue Rhino - CA property	  	Blue Rhino	  	1750 Agua Mansa Road
	P0000936	  		  	Gander Mountain - Fargo, ND	  	Gander Mountain	  	2121 43rd St., SW
	P0000937	  		  	Sonic - 15 Store Acquisition (1 unit to close late	  	Sonic	  	202 N Main Ave
	P0000938	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	3307 No. Broadway St.
	P0000939	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	113 1st St.
	P0000940	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	355 No. Franklin St.
	P0000941	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	647 E. Main St.
	P0000942	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	790 E. Main St.
	P0000943	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	2010 E. Broadway Ave.
	P0000944	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	411 Foothills Mall Drive
	P0000945	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	608 Oak Ridge Turnpike
	P0000946	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	1124 E. Stone Dr.
	P0000947	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	104 Cedar Lane
	P0000948	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	6949 Maynardsville Pike
	P0000949	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	1015 Volunteer Parkway
	P0000950	  		  	Sonic - 15 Store Acquisition (1 unit to close later)	  	Sonic	  	1108 No. Charles G. Seivers Bl
	P0000951	  		  	Dickinson Theaters - Purchase 2 locations	  	Dickinson Theaters	  	10301 So. Memorial Drive
	P0000952	  		  	Gander Mountain - Syracuse, (Cicero) subject to existing lease	  	Gander Mountain	  	5864 Carmenica Drive
	P0000953	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	3601 Midvale Avenue
	P0000954	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	120 Jefferson Avenue

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000955	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	104 Genesee Street
	P0000956	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	735 North Water Street
	P0000957	  		  	Rite Aid- 14 Existing properties	  	Rite Aid	  	1410 Delaware Avenue
	P0000958	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	804 East Winlhrop Avenue
	P0000959	  		  	Rite Aid - 14 Existing properties	  	Rite Aid	  	301 south Broad Street
	P0000960	  		  	Sonic Corp - Final unit of 16-unit acquisition	  	Sonic	  	1003 W Elk Avenue
	P0000961	  		  	Flying Star Cafe - 2 units	  	Flying Star Cafe	  	8001 Menaul Blvd NE
	P0000962	  		  	Flying Star Cafe - 2 units	  	Flying Star Cafe	  	4501 Juan Tabo Blvd NE
	P0000963	  		  	Hughes Supply - existing units	  	Hughes Supply	  	8700 Hwy 27 S
	P0000964	  		  	Hughes Supply - existing units	  	Hughes Supply	  	8326 Lemon Rd
	P0000965	  		  	Hughes Supply - existing units	  	Hughes Supply	  	6854 Distribution Ave S
	P0000966	  		  	Hughes Supply - existing units	  	Hughes Supply	  	8091 Supply Drive
	P0000967	  		  	Hughes Supply - existing units	  	Hughes Supply	  	6231 Idlewild Street
	P0000968	  		  	Hughes Supply - existing units	  	Hughes Supply	  	4355 Drane Field Rd
	P0000969	  		  	Hughes Supply - existing units	  	Hughes Supply	  	5311 DoolittleRd
	P0000970	  		  	Hughes Supply - existing units	  	Hughes Supply	  	5409-100 Broadway Ave
	P0000971	  		  	Hughes Supply - existing units	  	Hughes Supply	  	3509 N Loop 336 W
	P0000972	  		  	Hughes Supply - existing units	  	Hughes Supply	  	2007 NW 15th Ave
	P0000973	  		  	Hughes Supply - existing units	  	Hughes Supply	  	1751 L Avenue
	P0000673	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	5660 Beach Boulevard
	P0000675	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	2600 S Orange Ave
	P0000676	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	1305 Tuskawilla Rd
	P0000677	  	Danarb - Still an Arby’s	  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	2649 Richmond Road
	P0000678	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	4170 Shelbyville Rd
	P0000679	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Arby’s	  	16005 US Highway 441
	P0000680	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Casa Ole	  	5705 4th St
	P0000681	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Casa Ole	  	1520 Southmore Ave
	P0000682	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Casa Ole	  	2726 Spencer Hwy
	P0000683	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Casa Ole	  	2730 East Highway 190
	P0000685	  	Chappala	  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Garibaldi’s	  	525 Caldwell Blvd
	P0000687	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Monterey’s Tex Mex	  	410 S. Gordon St
	P0000688	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Monterey’s Tex Mex	  	12520 Greenspoint Dr
	P0000689	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Monterey’s Tex Mex	  	3201 Freedom Blvd
	P0000691	  		  	GEFF - Dec 04 portfolio 19 properties - part 1	  	Monterey’s Tex Mex	  	5694 WSkellyDr
	P0000692	  	Danarb - Still an Arby’s	  	GEFF - Dec 04 portfolio Part 2 - 1 property	  	Arby’s	  	1228 South Broadway Street

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000974	  		  	Rite Aid ( Philadelphia - 1 unit)	  	Rite Aid	  	5601 Chestnut Street
	P0000975	  		  	Sportsman’s Warehouse - Greenbay, WI	  	Sportsman’s Warehouse	  	1551 Lawrence Drive
	P0000976	  		  	Apollo College 4 units	  	Apollo Colleges	  	630 W. Southern Ave
	P0000977	  		  	Apollo College 4 units	  	Apollo Colleges	  	3550 N. Oracle Road
	P0000978	  		  	Apollo College 4 units	  	Apollo Colleges	  	2701 W. Bethany Home Road
	P0000979	  		  	Apollo College 4 units	  	Apollo Colleges	  	8503 N. 27th Avenue
	P0000980	  		  	Anika and Associates, Inc.	  	Pilgrim’s Pride Freezer Warehouse	  	3330 Woodrow Wilson Drive
	P0000706	  		  	Stonebrook Properties LLC	  	Golden Corral	  	1300 South Morgan
	P0000707	  		  	Corral of Michigan	  	Golden Corral	  	37101 Warren Road
	P0000708	  		  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	2210 West University Drive
	P0000709	  		  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	402 South Bibb Ave
	P0000710	  		  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	4526 East Hwy 83
	P0000711	  		  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	3101 East Expressway 83
	P0000730	  		  	HOM Furniture, Inc	  	HOM Furniture Showrooms	  	4726 Mall Drive
	P0000731	  		  	HOM Furniture, Inc	  	HOM Furniture Showrooms	  	2921 Mall Drive
	P0000732	  		  	Hastings - Lake Jackson, TX	  	Hastings	  	200 Hwy 332 West
	P0000737	  		  	Pizza Properties, Ltd	  	Peter Piper Pizza	  	9450 Dyer Street
	P0000738	  		  	Rite Aid - St. Clair Shores	  	Rite Aid	  	21500-21508 Harper Avenue
	P0000747	  		  	Anvia, Inc. Ashley Home Center Abilene	  	Ashley Home Center	  	4597 Southwest Drive
	P0000748	  		  	Sky Ventures, LLC	  	Pizza Hut	  	545 Hwy 9 E
	P0000749	  		  	Sky Ventures, LLC	  	Pizza Hut	  	419 2nd Ave SE
	P0000750	  		  	Sky Ventures, LLC	  	Pizza Hut	  	260 Carson Ave
	P0000751	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1325 Town Centre Dr
	P0000752	  		  	Sky Ventures, LLC	  	Pizza Hut	  	964 Hwy 15 S
	P0000753	  		  	Sky Ventures, LLC	  	Pizza Hut	  	5501 Grand Ave
	P0000754	  		  	Sky Ventures, LLC	  	Pizza Hut	  	3600 N Douglas
	P0000755	  		  	Sky Ventures, LLC	  	Pizza Hut	  	32 Sheridan St
	P0000756	  		  	Sky Ventures, LLC	  	Pizza Hut	  	701 Highway 33 S
	P0000757	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1101 Hwy 25 N
	P0000758	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1918 London Rd
	P0000759	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1725 E Main St
	P0000760	  		  	Sky Ventures, LLC	  	Pizza Hut	  	623 Hammond Ave
	P0000761	  		  	Sky Ventures, LLC	  	Pizza Hut	  	3854 N Central Ave
	P0000762	  		  	Sky Ventures, LLC	  	Pizza Hut	  	100 N Phillips
	P0000763	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1653 Weir Dr

									
	 Property ID
	  	 Subtenant
	  	 Deal Name
	  	 Concept
	  	 Address 1

	P0000764	  		  	Sky Ventures, LLC	  	Pizza Hut	  	W Hwy 18
	P0000765	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1211 7th Ave
	P0000766	  		  	Sky Ventures, LLC	  	Pizza Hut	  	257 Marschall Rd
	P0000767	  		  	Sky Ventures, LLC	  	Pizza Hut	  	Hwy 18
	P0000768	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1157 S Main
	P0000769	  		  	Sky Ventures, LLC	  	Pizza Hut	  	15065 Canada Rd
	P0000770	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1504 13th Street S
	P0000771	  		  	Sky Ventures, LLC	  	Pizza Hut	  	7500 Bass Lake Rd
	P0000772	  		  	Sky Ventures, LLC	  	Pizza Hut	  	1300 W Broadway

																					
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	 	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	E000787	  	Golden Valley	  	MN	  	55247	  	Spirit Master Funding, [ILLEGIBLE]	  				  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000891	  	Saint Augustine	  	FL	  	32086	  	Spirit Finance Corporation	  				  	N	  	N	  	Flying J. Inc.	  	BB+ equiv
	P0000892	  	Camesville	  	GA	  	30521	  	Spirit Finance Corporation	  				  	N	  	N	  	Flying J. Inc.	  	BB+ equiv
	P0000893	  	Spiceland	  	IN	  	47385	  	Spirit Finance Corporation	  				  	N	  	N	  	Flying J. Inc.	  	BB+ equiv
	P0000894	  	Catlettsburg	  	KY	  	41129-9211	  	Spirit Finance Corporation	  				  	N	  	N	  	Flying J. Inc.	  	BB+ equiv
	P0000981	  	Hurst	  	TX	  	74145-4818	  	Spirit Funding Company,	  	 	362109.33	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000982	  	Arlington	  	TX	  	76015-1602	  	Spirit Funding Company,	  	 	362109.33	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000983	  	Fort Worth	  	TX	  	76107-5119	  	Spirit Funding Company,	  	 	434531.2	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000984	  	Bedford	  	TX	  	76021-5343	  	Spirit Funding Company,	  	 	827678.48	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000985	  	Tulsa	  	OK	  	74115-7913	  	Spirit Funding Company,	  	 	848370.45	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000986	  	Fort Worth	  	TX	  	76116-6101	  	Spirit Funding Company,	  	 	703526.71	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000987	  	Euless	  	TX	  	76040-4583	  	Spirit Funding Company,	  	 	398320.27	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000988	  	Abilene	  	TX	  	79605-7233	  	Spirit Funding Company,	  	 	801813.53	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000989	  	Arlington	  	TX	  	76017-1201	  	Spirit Funding Company,	  	 	900100.35	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000990	  	Denton	  	TX	  	76201-1790	  	Spirit Funding Company,	  	 	941484.27	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000991	  	Lake Worth	  	TX	  	76135-3102	  	Spirit Funding Company,	  	 	848370.45	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000992	  	Tulsa	  	OK	  	74137-3206	  	Spirit Funding Company,	  	 	594893.91	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000993	  	Garland	  	TX	  	75043-5818	  	Spirit Funding Company,	  	 	672488.77	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000994	  	Grapevine	  	TX	  	76051-5034	  	Spirit Funding Company,	  	 	672488.77	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000995	  	Muskogee	  	OK	  	74401-4152	  	Spirit Funding Company,	  	 	672488.77	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000996	  	Oklahoma City	  	OK	  	73106-1203	  	Spirit Funding Company,	  	 	455223.16	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000997	  	Fort Worth	  	TX	  	76116-1516	  	Spirit Funding Company,	  	 	387974.29	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000998	  	Claremore	  	OK	  	74017-3426	  	Spirit Funding Company,	  	 	889754.37	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0000999	  	Oklahoma City	  	OK	  	73108-1707	  	Spirit Funding Company,	  	 	362109.33	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001000	  	Broken Arrow	  	OK	  	74012-1217	  	Spirit Funding Company,	  	 	750083.62	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001001	  	Dallas	  	TX	  	75227-6901	  	Spirit Funding Company,	  	 	393147.28	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001002	  	Sapulpa	  	OK	  	74066-5104	  	Spirit Funding Company,	  	 	713872.69	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001003	  	Abilene	  	TX	  	79605-4543	  	Spirit Funding Company,	  	 	620758.86	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001004	  	Oklahoma City	  	OK	  	73119-1713	  	Spirit Funding Company,	  	 	465569.15	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001005	  	Greenville	  	TX	  	75402-7303	  	Spirit Funding Company,	  	 	553509.98	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001006	  	Irving	  	TX	  	75062-5248	  	Spirit Funding Company,	  	 	636277.83	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001007	  	Haltom City	  	TX	  	76137-2730	  	Spirit Funding Company,	  	 	879408.38	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001008	  	Grapevine	  	TX	  	76051-7357	  	Spirit Funding Company,	  	 	646623.82	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001009	  	Fort Worth	  	TX	  	76177-5302	  	Spirit Funding Company,	  	 	382801.31	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated
	P0001010	  	Forest Hill	  	TX	  	76140-1107	  	Spirit Funding Company,	  	 	931138.3	  	  	N	  	N	  	Taco Bueno Restaurants	  	Non-Rated

																					
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	 	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&

Fitch Rating

	P0001011	  	McKinney	  	TX	  	75070-4228	  	Spirit Funding Company,	  	 	362109.33	  	  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0001012	  	Tulsa	  	OK	  	74145-5714	  	Spirit Funding Company,	  	 	449263.64	  	  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0001013	  	Enid	  	OK	  	73703-5604	  	Spirit Funding Company,	  	 	211721.95	  	  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0001014	  	Tulsa	  	OK	  	74104-4113	  	Spirit Funding Company,	  	 	350278.1	  	  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0001015	  	Southlake	  	TX	  	76092-6603	  	Spirit Funding Company,	  	 	206558	  	  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0001016	  	Atmore	  	AL	  	36502-3501	  	Spirit Funding Company,	  	 	347818.44	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001017	  	Theodore	  	AL	  	36582-1665	  	Spirit Funding Company,	  	 	516051.1	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001018	  	Hialeah	  	FL	  	33016-2253	  	Spirit Funding Company,	  	 	922699.36	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001019	  	New Smyrna Beach	  	FL	  	32168-6409	  	Spirit Funding Company,	  	 	652288.59	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001020	  	Margate	  	FL	  	33068-1362	  	Spirit Funding Company,	  	 	619261.32	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001021	  	Fort Lauderdale	  	FL	  	33309-3156	  	Spirit Funding Company,	  	 	852516.41	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001022	  	Tampa	  	FL	  	33614-5963	  	Spirit Funding Company,	  	 	645063.87	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001023	  	Gibsonton	  	FL	  	33534-4708	  	Spirit Funding Company,	  	 	663641.71	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001024	  	Dayton	  	OH	  	45420-2642	  	Spirit Funding Company,	  	 	564559.89	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001025	  	Castle Shannon	  	PA	  	15234-2631	  	Spirit Funding Company,	  	 	858709.03	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001026	  	Burlington	  	IA	  	52601-1959	  	Spirit Funding Company,	  	 	457221.27	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001027	  	Camilla	  	GA	  	31730-1969	  	Spirit Funding Company,	  	 	632678.64	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001028	  	Savannah	  	GA	  	31405-3200	  	Spirit Funding Company,	  	 	657449.1	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001029	  	Columbus	  	GA	  	31904-6659	  	Spirit Funding Company,	  	 	660545.4	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001030	  	Waynesboro	  	GA	  	30830-1461	  	Spirit Funding Company,	  	 	557335.18	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001031	  	Blakeley	  	GA	  	31723-1703	  	Spirit Funding Company,	  	 	511922.69	  	  	N	  	N	  	Adyance Auto Parts, Inc	  	BB+
	P0001032	  	Richmond Hill	  	GA	  	31324-3671	  	Spirit Funding Company,	  	 	593458.76	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001033	  	Augusta	  	GA	  	30906-9436	  	Spirit Funding Company,	  	 	649192.29	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001034	  	Kingsland	  	GA	  	31548-6317	  	Spirit Funding Company,	  	 	622357.62	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001035	  	Griffin	  	GA	  	30223-3029	  	Spirit Funding Company,	  	 	706990	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001036	  	College Park	  	GA	  	30349-6443	  	Spirit Funding Company,	  	 	484055.93	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001037	  	Leesburg	  	GA	  	31763-4834	  	Spirit Funding Company,	  	 	780269.25	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001038	  	Covington	  	LA	  	70433-3282	  	Spirit Funding Company,	  	 	755498.81	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001039	  	Alton	  	IL	  	62002-5466	  	Spirit Funding Company,	  	 	611004.49	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001040	  	Saint Louis	  	MO	  	63118-3504	  	Spirit Funding Company,	  	 	776140.85	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001041	  	Hattiesburg	  	MS	  	39402-1307	  	Spirit Funding Company,	  	 	910314.14	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001042	  	Clinton	  	MS	  	39056	  	Spirit Funding Company,	  	 	672930.63	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001043	  	Jackson	  	MS	  	39209-7328	  	Spirit Funding Company,	  	 	680155.35	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001044	  	Natchez	  	MS	  	39120-4733	  	Spirit Funding Company,	  	 	710086.3	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+
	P0001045	  	Newton	  	MS	  	39345-9747	  	Spirit Funding Company,	  	 	543917.86	  	  	N	  	N	  	Advance Auto Parts, Inc	  	BB+

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	 If acquired, o/s
Loan balance
prior
to
acquisition
	  	 Has been

delinquent since
 origination date
	  	 Has been

modified since
origination
date?
	  	Obligor	 	Moody’s/S&P/
Fitch
Rating
	P0001046	  	Wiggins	  	MS	  	39577-2531	  	Spirit Funding Company,	  	670866.43	  	N	  	N	  	Advance Auto
Parts, Inc	 	BB+
	P0001047	  	Denmark	  	SC	  	29042-1307	  	Spirit Funding Company,	  	355043.15	  	N	  	N	  	Advance Auto
Parts, Inc	 	BB+
	P0000895	  	Huntsville	  	AL	  	35803	  	Spirit Finance Corporation	  		  	N	  	N	  	America’s
Power Sports	 	Non-Rated
	P0000896	  	Gulf Breeze	  	FL	  	32561	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000897	  	Mary Esther	  	FL	  	32569	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000898	  	Troy	  	AL	  	36081	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000899	  	Bryan	  	TX	  	77801	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000900	  	Columbus	  	MS	  	39701	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000901	  	Ocala	  	FL	  	34470	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000902	  	Jacksonville	  	FL	  	32217	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000903	  	Sebring	  	FL	  	33872	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000904	  	Casselberry	  	FL	  	32707	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Barnhill’s
Buffet, Inc.	 	Non-Rated
	P0000905	  	Great Falls	  	MT	  	59401	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Hastings
Entertainment,	 	Non-Rated
	P0000906	  	Phoenix	  	AZ	  	85016	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	AMC
Entertainment,
Inc	 	B
	P0000907	  	Alpharetta	  	GA	  	30022	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000908	  	Marietta	  	GA	  	30064	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000909	  	Canton	  	GA	  	30115	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000910	  	Atlanta	  	GA	  	30342	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000911	  	Alpharetta	  	GA	  	30022	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000912	  	Marietta	  	GA	  	30062	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Pike Holding
Nursery
[ILLEGIBLE]	 	Non-Rated
	P0000913	  	Phoenix	  	AZ	  	85017	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Grand Canyon
University	 	Non-Rated
	P0000300	  	Evansville	  	IN	  	47715-2418	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000301	  	Owensboro	  	KY	  	42301-7455	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000302	  	Madill	  	OK	  	73446-1410	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000303	  	Geneva	  	AL	  	36340-1638	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000304	  	Blakely	  	GA	  	31723-1423	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000305	  	Mayfield	  	KY	  	42066-4988	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	NPC
International,
Inc.	 	Non-Rated
	P0000306	  	Fairborn	  	OH	  	45324-2670	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Skyline Chili,
Inc.	 	Non-Rated
	P0000309	  	Raleigh	  	NC	  	27603-3529	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Carrols
Corporation	 	B+
	P0000310	  	New Bern	  	NC	  	28560-6535	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Carrols
Corporation	 	B+
	P0000311	  	Akron	  	OH	  	44312-3951	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Carrols
Corporation	 	B+
	P0000312	  	Edon	  	OH	  	43518-9714	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Carrols
Corporation	 	B+
	P0000313	  	Burr Ridge	  	IL	  	60521-0834	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Max &
Erma’s
[ILLEGIBLE]	 	Non-Rated
	P0000314	  	Canton	  	MI	  	48187-2906	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Max &
Erma’s
[ILLEGIBLE]	 	Non-Rated
	P0000315	  	Mars	  	PA	  	16046-9414	  	Spirit SPE Portfolio 2004-6	  		  	N	  	N	  	Max &
Erma’s
[ILLEGIBLE]	 	Non-Rated

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has been
delinquent since
origination
date
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	P0000316	  	Dayton	  	OH	  	45458-1621	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000317	  	Gurnee	  	IL	  	60031-1620	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000318	  	Pittsburgh	  	PA	  	15275-1200	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000319	  	Birmingham	  	AL	  	35204-1736	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000323	  	Boise	  	ID	  	83709-1659	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Mexican Restaurants	  	Non-Rated
	P0000324	  	Albuquerque	  	NM	  	87112-4406	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Banyan, Inc.	  	Non-Rated
	P0000326	  	Baton Rouge	  	LA	  	70816-8525	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000327	  	Apopka	  	FL	  	32703-5374	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Burger King [ILLEGIBLE]	  	Non-Rated
	P0000328	  	Saint Cloud	  	FL	  	34769-4136	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Burger King Corporation [ILLEGIBLE]	  	Non-Rated
	P0000329	  	Orlando	  	FL	  	32826-4701	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Burger King Corporation [ILLEGIBLE]	  	Non-Rated
	P0000330	  	Pineville	  	LA	  	71360-4389	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	R & L Foods, LLC	  	Non-Rated
	P0000331	  	Oak Ridge	  	TN	  	37830-6404	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Pennant Foods	  	Non-Rated
	P0000332	  	Athens	  	TN	  	37303-4929	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Pennant Foods	  	Non-Rated
	P0000336	  	Tyler	  	TX	  	0	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Thomas & Thomas [ILLEGIBLE]	  	Non-Rated
	P0000338	  	Red Bank	  	TN	  	37415-6224	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Tacala, L.L.C.	  	Non-Rated
	P0000349	  	Lewis Center	  	OH	  	43035-9149	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Skyline Chili, Inc.	  	Non-Rated
	P0000350	  	Birmingham	  	AL	  	35209-5149	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000351	  	Baton Rouge	  	LA	  	70816-3319	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000354	  	Sandy	  	UT	  	84070	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000355	  	Snellville	  	GA	  	30078	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000356	  	Columbus	  	OH	  	43213	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000357	  	Austin	  	TX	  	78752	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000358	  	Columbus	  	OH	  	43235	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000359	  	Aurora	  	CO	  	80014	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000360	  	Houston	  	TX	  	77027	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000361	  	Eden Prairie	  	MN	  	55344	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000362	  	Mesa	  	AZ	  	85206	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000363	  	Maple Grove	  	MN	  	55311	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000364	  	Columbus	  	OH	  	43235	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000365	  	Houston	  	TX	  	77095	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000366	  	Hilliard	  	OH	  	43026	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000367	  	Houston	  	TX	  	77040	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000368	  	Newport News	  	VA	  	23602	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000369	  	Glendale	  	AZ	  	85308	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000370	  	Mason	  	OH	  	45040	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	P0000371	  	Coon Rapids	  	MN	  	55433	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000372	  	Chesapeake	  	VA	  	23320	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000373	  	Cincinnati	  	OH	  	45240	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000374	  	Houston	  	TX	  	77024	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000375	  	Kingwood	  	TX	  	77339	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Fuddruckers, Inc.	  	Non-Rated
	P0000378	  	Baton Rouge	  	LA	  	70811	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000379	  	La Mesa	  	CA	  	91941	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Pennant Foods	  	Non-Rated
	P0000380	  	Pensacola	  	FL	  	32505-5127	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000381	  	Salem	  	IL	  	62881-3805	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	NPC International, Inc.	  	Non-Rated
	P0000914	  	Kansas City	  	MO	  	64119	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Dickinson Theatres, Inc.	  	Non-Rated
	P0000915	  	Lees Summit	  	MO	  	64086	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Dickinson Theatres, Inc.	  	Non-Rated
	P0000916	  	Roswell	  	NM	  	88201	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Hastings Entertainment,	  	Non-Rated
	P0000917	  	Wichita	  	KS	  	67209	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Kansas Corral	  	Non-Rated
	P0000918	  	Emporia	  	KS	  	66801	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Kansas Corral	  	Non-Rated
	P0000919	  	Tavares	  	FL	  	32778	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Ferrellgas, L.P	  	BB-
	P0000390	  	Stillwater	  	MN	  	55082-6309	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Famous Dave’s of [ILLEGIBLE]	  	Non-Rated
	P0000391	  	Maple Grove	  	MN	  	55369-7013	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Famous Dave’s of [ILLEGIBLE]	  	Non-Rated
	P0000392	  	Apple Valley	  	MN	  	55124-6998	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Famous Dave’s of [ILLEGIBLE]	  	Non-Rated
	P0000393	  	Utica	  	NY	  	13502-2527	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000394	  	Colchester	  	VT	  	05446-1901	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000395	  	Colonie	  	NY	  	12110-2501	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000396	  	West Caldwell	  	NJ	  	07006-7518	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000397	  	West Harwich	  	MA	  	02671-1041	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000398	  	Carlisle	  	PA	  	17013-9177	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Friendly’s Ice Cream [ILLEGIBLE]	  	B
	P0000399	  	Miami	  	FL	  	33127-1402	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000400	  	Deerfield Beach	  	FL	  	33441-3311	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000401	  	Fort Lauderdale	  	FL	  	33312-1112	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000402	  	Baker	  	LA	  	70714-5445	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000403	  	Baker	  	LA	  	70714-2843	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000404	  	Baton Rouge	  	LA	  	70805-3201	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000405	  	Port Allen	  	LA	  	70767-198	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000406	  	Fort Pierce	  	FL	  	34947-3602	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000408	  	Saint Louis	  	MO	  	63136-4017	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000409	  	Saint Louis	  	MO	  	63121-4110	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000410	  	Saint Louis	  	MO	  	63136-4639	  	 Spirit SPE Portfolio

2004-6
	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has
been
modified since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s /S&P/

Fitch Rating

	P0000411	  	Baton Rouge	  	LA	  	70814-2909	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000412	  	Denham Springs	  	LA	  	70726-5214	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000415	  	Waco	  	TX	  	76706-1053	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	1st University Credit [ILLEGIBLE]	  	Non-Rated
	P0000416	  	Apopka	  	FL	  	32703-4479	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	Y - Rolled into [ILLEGIBLE]	  	Barnhill’s Buffet, Inc.	  	Non-Rated
	P0000417	  	Orange City	  	FL	  	32763-7039	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	Y - Rolled into [ILLEGIBLE]	  	Barnhill’s Buffet, Inc.	  	Non-Rated
	P0000418	  	Moss Point	  	MS	  	39563-9539	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	Y - Rolled into [ILLEGIBLE]	  	Barnhill’s Buffet, Inc.	  	Non-Rated
	P0000419	  	Gulfport	  	MS	  	39503-2785	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	Y - Rolled into [ILLEGIBLE]	  	Barnhill’s Buffet, Inc.	  	Non-Rated
	P0000420	  	Tallahassee	  	FL	  	32304-1015	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000421	  	New Albany	  	IN	  	47150-3053	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000424	  	Florence	  	KY	  	41042-1803	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000425	  	New Orleans	  	LA	  	70119-1602	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000426	  	New Orleans	  	LA	  	70117-8352	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000428	  	Marion	  	IN	  	46952-3462	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Checker’s Drive-In [ILLEGIBLE]	  	Non-Rated
	P0000429	  	Quincy	  	FL	  	32351-2130	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Goldco, Inc.	  	Non-Rated
	P0000431	  	Columbus	  	OH	  	43229-3359	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000432	  	Maumee	  	OH	  	43537-1729	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000433	  	Milliard	  	OH	  	43026-1203	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Max & Erma’s [ILLEGIBLE]	  	Non-Rated
	P0000434	  	Fountain Hills	  	AZ	  	85268-6635	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	QK, Inc.	  	Non-Rated
	P0000436	  	Madisonville	  	KY	  	42431-1283	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000437	  	Brunswick	  	GA	  	31525-1881	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000438	  	American Fork	  	UT	  	84003-2559	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000439	  	Tooele	  	UT	  	84074-2743	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000440	  	Jacksonville	  	FL	  	32233-2801	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000442	  	McDonough	  	GA	  	30253-6423	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000443	  	Cumming	  	GA	  	30040-2777	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000446	  	Daphne	  	AL	  	36526-9588	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000449	  	Mobile	  	AL	  	36608-5025	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000450	  	Indianapolis	  	IN	  	46268-4445	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000451	  	Jacksonville	  	FL	  	32246-4804	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000453	  	Jacksonville	  	FL	  	32225-8218	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000454	  	Statesboro	  	GA	  	30458-4927	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000455	  	Moncks Corner	  	SC	  	29461-3131	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Arby’s Restaurant Group	  	B+
	P0000456	  	Baton Rouge	  	LA	  	70806-6027	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000457	  	Baton Rouge	  	LA	  	70810-1038	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated
	P0000459	  	Miami	  	FL	  	33147-4930	  	Spirit SPE Portfolio 2004 -6	  		  	N	  	N	  	Interfoods of America, [ILLEGIBLE]	  	Non-Rated

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	P0000920	  	Kenosha	  	WI	  	53140	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Gander Mountain [ILLEGIBLE]	  	Non-Rated
	P0000921	  	Cedar Rapids	  	IA	  	52404	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Carmike Cinemas, Inc.	  	B
	P0000922	  	Addison	  	TX	  	75001	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Humperdink’s Texas, [ILLEGIBLE]	  	Non-Rated
	P0000923	  	Dallas	  	TX	  	75206	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Humperdink’s Texas, [ILLEGIBLE]	  	Non-Rated
	P0000924	  	Dallas	  	TX	  	75220	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Humperdink’s Texas, [ILLEGIBLE]	  	Non-Rated
	P0000925	  	Arlington	  	TX	  	76011	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Humperdink’s Texas, [ILLEGIBLE]	  	Non-Rated
	P0000926	  	Yukon	  	OK	  	73099	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0000927	  	Amarillo	  	TX	  	79109	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0000928	  	Denison	  	TX	  	75020	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0000929	  	Lubbock	  	TX	  	79423	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Taco Bueno Restaurants [ILLEGIBLE]	  	Non-Rated
	P0000930	  	New Hartford	  	NY	  	13413	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Gander Mountain [ILLEGIBLE]	  	Non-Rated
	P0000931	  	Marietta	  	GA	  	30067	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Dave & Buster’s, Inc.	  	Non-Rated
	P0000932	  	Live Oak	  	TX	  	78223	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Hill Country Furniture [ILLEGIBLE]	  	Non-Rated
	P0000933	  	El Paso	  	TX	  	79925	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	RBLS, Inc. (a Texas [Illegible]	  	Non-Rated
	P0000934	  	Flint	  	MI	  	48507	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Gander Mountain [ILLEGIBLE]	  	Non-Rated
	P0000935	  	Riverside	  	CA	  	92509	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Ferrellgas, L.P	  	BB-
	P0000936	  	Fargo	  	ND	  	58103	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Gander Mountain [ILLEGIBLE]	  	Non-Rated
	P0000937	  	Erwin	  	TN	  	37650	  	Spirit Property Holdings, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000938	  	Knoxville	  	TN	  	37918	  	Spirit Property Holdings, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000939	  	Radford	  	VA	  	24141	  	Spirit Property Holdings, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000940	  	Christiansburg	  	VA	  	24073	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000941	  	Pulaski	  	VA	  	24301	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000942	  	Wytheville	  	VA	  	24382	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000943	  	Maryville	  	TN	  	37804	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000944	  	Maryville	  	TN	  	37801	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000945	  	Oak Ridge	  	TN	  	37830	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000946	  	Kingsport	  	TN	  	37660	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000947	  	Knoxville	  	TN	  	37912	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000948	  	Knoxville	  	TN	  	39912	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000949	  	Bristol	  	TN	  	37625	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000950	  	Clinton	  	TN	  	37716	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Sonic Corp.	  	Non-Rated
	P0000951	  	Bixby	  	OK	  	74133	  	Spirit Finance Acquisitions, LLC	  		  	N	  	Y	  	Dickinson Theatres, Inc.	  	Non-Rated
	P0000952	  	Cicero	  	NY	  	13039	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Gander Mountain [ILLEGIBLE]	  	Non-Rated
	P0000953	  	Philadelphia	  	PA	  	19129	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Rite Aid Corporation	  	B+
	P0000954	  	Moundsville	  	WV	  	26041	  	Spirit Finance Acquisitions, LLC	  		  	N	  	N	  	Rite Aid Corporation	  	B+

																			
	 Property ID
	 	 City
	 	 ST
	 	 Zip Code
	 	 Origination Entity
	 	If acquired, o/s
loan
balance
prior to
acquisition	 	
Has been
delinquent since
origination date?
	 	 Has
been
modified since
origination
date?
	 	 Obligor
	 	 Moody’s/S&P/

Fitch Rating

	P0000955	 	Oneida	 	NY	 	13421	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Rite Aid Corporation	 	B+
	P0000956	 	Uhrichsville	 	OH	 	44683	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Rite Aid Corporation	 	B+
	P0000957	 	Buffalo	 	NY	 	14209	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Rite Aid Corporation	 	B+
	P0000958	 	Millen	 	GA	 	30442	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Rite Aid Corporation	 	B+
	P0000959	 	Thomasville	 	GA	 	31792	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Rite Aid Corporation	 	B+
	P0000960	 	Elizabethton	 	TN	 	37643	 	Spirit Finance Acquisitions, LLC	 		 	N	 	N	 	Sonic Corp.	 	Non-Rated
	P0000961	 	Albuquerque	 	NM	 	87110	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Flying Star Cafe	 	Non-Rated
	P0000962	 	Albuquerque	 	NM	 	87111	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Flying Star Cafe	 	Non-Rated
	P0000963	 	Sebring	 	FL	 	33876	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000964	 	Port Richey	 	FL	 	34668	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000965	 	Jacksonville	 	FL	 	32256	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000966	 	Fort Myers	 	FL	 	33912	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000967	 	Fort Myers	 	FL	 	33912	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000968	 	Lakeland	 	FL	 	33811	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000969	 	Jacksonville	 	FL	 	32254	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000970	 	Jacksonville	 	FL	 	32254	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000971	 	Conroe	 	TX	 	77304	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000972	 	Pompano Beach	 	FL	 	33069	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000973	 	Riviera Beach	 	FL	 	33401	 	Spirit Master Holdings SPE, LLC	 		 	N	 	N	 	Hughes Supply, Inc.	 	BBB-
	P0000673	 	Jacksonville	 	FL	 	32207	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000675	 	Orlando	 	FL	 	32806	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000676	 	Winter Springs	 	FL	 	32708	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000677	 	Lexington	 	KY	 	40509	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000678	 	Louisville	 	KY	 	40207	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000679	 	Eustis	 	FL	 	32726	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+
	P0000680	 	Lubbock	 	TX	 	79416	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000681	 	Pasadena	 	TX	 	77502	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000682	 	Pasadena	 	TX	 	77504	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000683	 	Copperas Cove	 	TX	 	76522	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000685	 	Nampa	 	ID	 	83651	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000687	 	Alvin	 	TX	 	77511	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000688	 	Houston	 	TX	 	77060	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000689	 	Bryan	 	TX	 	77802	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000691	 	Tulsa	 	OK	 	74107	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Mexican Restaurants	 	Non-Rated
	P0000692	 	Lexington	 	KY	 	40504-2738	 	Spirit SPE Portfolio 2004-6	 		 	N	 	N	 	Arby’s Restaurant Group	 	B+

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	P0000974	  	Philadelphia	  	PA	  	19139	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Rite Aid Corporation	  	B+
	P0000975	  	DePere	  	WI	  	54115	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Sportsman’s Warehouse	  	Non-Rated
	P0000976	  	Mesa	  	AZ	  	85210	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Apollo College	  	Non-Rated
	P0000977	  	Tucson	  	AZ	  	85704	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Apollo College	  	Non-Rated
	P0000978	  	Phoenix	  	AZ	  	85017	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Apollo College	  	Non-Rated
	P0000979	  	Phoenix	  	AZ	  	85051	  	Spirit Master Holdings SPE, LLC	  		  	N	  	N	  	Apollo College	  	Non-Rated
	P0000980	  	Jackson	  	MS	  	39209	  	Spirit Finance [ILLEGIBLE]	  		  	N	  	N	  	Pilgrim’s Pride [ILLEGIBLE]	  	BB
	P0000706	  	Granbury	  	TX	  	76048	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	N	  	Stonebrook Properties [ILLEGIBLE]	  	Non-Rated
	P0000707	  	Westland	  	MI	  	48185	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	N	  	Corral of Michigan LLC	  	Non-Rated
	P0000708	  	Edinburg	  	TX	  	78539	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	Y	  	Pizza Properties, Ltd	  	Non-Rated
	P0000709	  	Eagle Pass	  	TX	  	78852	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	Y	  	Pizza Properties, Ltd	  	Non-Rated
	P0000710	  	Rio Grande City	  	TX	  	78582	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	Y	  	Pizza Properties, Ltd	  	Non-Rated
	P0000711	  	Weslaco	  	TX	  	78596	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	Y	  	Pizza Properties, Ltd	  	Non-Rated
	P0000730	  	Hermantown	  	MN	  	55811	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	N	  	HOM Furniture, Inc.	  	Non-Rated
	P0000731	  	Eau Claire	  	WI	  	54701	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	N	  	HOM Furniture, Inc.	  	Non-Rated
	P0000732	  	Lake Jackson	  	TX	  	77566	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	N	  	Hastings Entertainment, [ILLEGIBLE]	  	Non-Rated
	P0000737	  	El Paso	  	TX	  	79924	  	Spirit SPE Portfolio [ILLEGIBLE]	  		  	N	  	Y	  	Pizza Properties, Ltd	  	Non-Rated
	P0000738	  	St. Clair Shores	  	MI	  	48081	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Rite Aid Corporation	  	B+
	P0000747	  	Abilene	  	TX	  	79605	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Anvia, Inc.	  	Non-Rated
	P0000748	  	Forest City	  	IA	  	50436	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000749	  	Cresco	  	IA	  	52136	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000750	  	Elk River	  	MN	  	55330	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000751	  	Eagan	  	MN	  	55123	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000752	  	Hutchinson	  	MN	  	55350	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000753	  	Duluth	  	MN	  	55808	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000754	  	Crystal	  	MN	  	55422	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000755	  	Ely	  	MN	  	55731	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000756	  	Cloquet	  	MN	  	55720	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000757	  	Buffalo	  	MN	  	55313	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000758	  	Duluth	  	MN	  	55812	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000759	  	Albert Lea	  	MN	  	56007	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000760	  	Superior	  	WI	  	54880	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000761	  	Columbia Heights	  	MN	  	55421	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000762	  	Algona	  	IA	  	50511	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000763	  	Woodbury	  	MN	  	55125	  	Spirit Master Funding, [ILLEGIBLE]	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated

																			
	 Property ID
	  	 City
	  	 ST
	  	 Zip Code
	  	 Origination Entity
	  	If acquired, o/s
loan balance
prior to
acquisition	  	 Has
been
delinquent since
origination date?
	  	 Has
been
modified since
origination
date?
	  	 Obligor
	  	 Moody’s/S&P/

Fitch Rating

	P0000764	  	Mason City	  	IA	  	50401	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000765	  	Two Harbors	  	MN	  	55616	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000766	  	Shakopee	  	MN	  	55379	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000767	  	Clear Lake	  	IA	  	50428	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000768	  	Sauk Centre	  	MN	  	56378	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000769	  	Rosemount	  	MN	  	55068	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000770	  	Virginia	  	MN	  	55792	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000771	  	New Hope	  	MN	  	55428	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated
	P0000772	  	Minneapolis	  	MN	  	55411	  	Spirit Master Funding, LI N	  		  	N	  	N	  	Sky Ventures, LLC	  	Non-Rated

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment

Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	E000787	  	Y	  	Pizza Hut	  	n/a	  	Equipment [ILLEGIBLE]	  	n/a	  	n/a	  	N	  	 	2,000,000	  	  	 	2,000,000	  	  	5/24/05
	P0000891	  	N	  	Flying J Travel Plaza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	9,508,189	  	  	 	9,508,189	  	  	12/23/03
	P0000892	  	N	  	Flying J Travel Plaza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	7,509,610	  	  	 	7,509,610	  	  	12/23/03
	P0000893	  	N	  	Flying J Travel Plaza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	10,008,620	  	  	 	10,008,620	  	  	12/23/03
	P0000894	  	N	  	Flying J Travel Plaza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	10,509,051	  	  	 	10,509,051	  	  	12/23/03
	P0000981	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	339,845	  	  	 	339,845	  	  	12/23/03
	P0000982	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	339,845	  	  	 	339,845	  	  	12/23/03
	P0000983	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	407,814	  	  	 	407,814	  	  	12/23/03
	P0000984	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	776,789	  	  	 	776,789	  	  	12/23/03
	P0000985	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	796,209	  	  	 	796,209	  	  	12/23/03
	P0000986	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	660,271	  	  	 	660,271	  	  	12/23/03
	P0000987	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	373,830	  	  	 	373,830	  	  	12/23/03
	P0000988	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	752,515	  	  	 	752,515	  	  	12/23/03
	P0000989	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	844,758	  	  	 	844,758	  	  	12/23/03
	P0000990	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	883,597	  	  	 	883,597	  	  	12/23/03
	P0000991	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	796,209	  	  	 	796,209	  	  	12/23/03
	P0000992	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	558,317	  	  	 	558,317	  	  	12/23/03
	P0000993	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	631,141	  	  	 	631,141	  	  	12/23/03
	P0000994	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	631,141	  	  	 	631,141	  	  	12/23/03
	P0000995	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	631,141	  	  	 	631,141	  	  	12/23/03
	P0000996	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	427,234	  	  	 	427,234	  	  	12/23/03
	P0000997	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	364,120	  	  	 	364,120	  	  	12/23/03
	P0000998	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	835,048	  	  	 	835,048	  	  	12/23/03
	P0000999	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	339,845	  	  	 	339,845	  	  	12/23/03
	P0001000	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	703,965	  	  	 	703,965	  	  	12/23/03
	P0001001	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	368,975	  	  	 	368,975	  	  	12/23/03
	P0001002	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	669,981	  	  	 	669,981	  	  	12/23/03
	P0001003	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	582,592	  	  	 	582,592	  	  	12/23/03
	P0001004	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	436,944	  	  	 	436,944	  	  	12/23/03
	P0001005	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	519,477	  	  	 	519,477	  	  	12/23/03
	P0001006	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	597,156	  	  	 	597,156	  	  	12/23/03
	P0001007	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	825,338	  	  	 	825,338	  	  	12/23/03
	P0001008	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	606,866	  	  	 	606,866	  	  	12/23/03
	P0001009	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	359,265	  	  	 	359,265	  	  	12/23/03
	P0001010	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	873,888	  	  	 	873,888	  	  	12/23/03

																									
	 Property ID
	  	 Franchisee/
Licensee
(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0001011	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	339,845	  	  	 	339,845	  	  	12/23/03
	P0001012	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	375,250	  	  	 	375,250	  	  	12/23/03
	P0001013	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	176,842	  	  	 	176,842	  	  	12/23/03
	P0001014	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	241,138	  	  	 	241,138	  	  	12/23/03
	P0001015	  	N	  	Taco Bueno	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	172,528	  	  	 	172,528	  	  	12/23/03
	P0001016	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	329,015	  	  	 	329,015	  	  	12/23/03
	P0001017	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	488,153	  	  	 	488,153	  	  	12/23/03
	P0001018	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	872,817	  	  	 	872,817	  	  	12/23/03
	P0001019	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	617,025	  	  	 	617,025	  	  	12/23/03
	P0001020	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	585,783	  	  	 	585,783	  	  	12/23/03
	P0001021	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	806,428	  	  	 	806,428	  	  	12/23/03
	P0001022	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	610,191	  	  	 	610,191	  	  	12/23/03
	P0001023	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	627,764	  	  	 	627,764	  	  	12/23/03
	P0001024	  	N	  	Advance Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	534,038	  	  	 	534,038	  	  	12/23/03
	P0001025	  	N	  	Advance Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	812,286	  	  	 	812,286	  	  	12/23/03
	P0001026	  	N	  	Advance Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	432,503	  	  	 	432,503	  	  	12/23/03
	P0001027	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	598,475	  	  	 	598,475	  	  	12/23/03
	P0001028	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	621,906	  	  	 	621,906	  	  	12/23/03
	P0001029	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	624,835	  	  	 	624,835	  	  	12/23/03
	P0001030	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	527,204	  	  	 	527,204	  	  	12/23/03
	P0001031	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	484,247	  	  	 	484,247	  	  	12/23/03
	P0001032	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	561,375	  	  	 	561,375	  	  	12/23/03
	P0001033	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	614,096	  	  	 	614,096	  	  	12/23/03
	P0001034	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	588,712	  	  	 	588,712	  	  	12/23/03
	P0001035	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	668,769	  	  	 	668,769	  	  	12/23/03
	P0001036	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	457,887	  	  	 	457,887	  	  	12/23/03
	P0001037	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	738,086	  	  	 	738,086	  	  	12/23/03
	P0001038	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	714,655	  	  	 	714,655	  	  	12/23/03
	P0001039	  	N	  	Advance Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	577,972	  	  	 	577,972	  	  	12/23/03
	P0001040	  	N	  	Advance Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	734,182	  	  	 	734,182	  	  	12/23/03
	P0001041	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	861,101	  	  	 	861,101	  	  	12/23/03
	P0001042	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	636,551	  	  	 	636,551	  	  	12/23/03
	P0001043	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	643,385	  	  	 	643,385	  	  	12/23/03
	P0001044	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	671,697	  	  	 	671,697	  	  	12/23/03
	P0001045	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	514,513	  	  	 	514,513	  	  	12/23/03
		  		  		  		  		  		  		  		  				  				  	

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0001046	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	634,598	  	  	 	634,598	  	  	12/23/03
	P0001047	  	N	  	Discount Auto Parts	  	n/a	  	Mortgage	  	N	  	Y	  	Y	  	 	335,849	  	  	 	335,849	  	  	12/23/03
	P0000895	  	N	  	KC’s Powersports	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	2,000,000	  	  	 	2,006,032	  	  	2/23/04
	P0000896	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	792,693	  	  	 	792,693	  	  	3/31/04
	P0000897	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	918,517	  	  	 	918,517	  	  	3/31/04
	P0000898	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	796,887	  	  	 	796,887	  	  	3/31/04
	P0000899	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	769,205	  	  	 	769,205	  	  	3/31/04
	P0000900	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	503,297	  	  	 	503,297	  	  	3/31/04
	P0000901	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,090,476	  	  	 	1,090,476	  	  	3/31/04
	P0000902	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,258,242	  	  	 	1,258,242	  	  	3/31/04
	P0000903	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,395,810	  	  	 	1,395,810	  	  	3/31/04
	P0000904	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,426,008	  	  	 	1,426,008	  	  	3/31/04
	P0000905	  	N	  	Hastings	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	4,744,333	  	  	 	4,744,333	  	  	5/6/04
	P0000906	  	N	  	AMC Theatre	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	12,900,000	  	  	 	12,943,236	  	  	5/17/04
	P0000907	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	3,492,065	  	  	 	3,492,065	  	  	6/15/04
	P0000908	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	3,983,922	  	  	 	3,983,922	  	  	6/15/04
	P0000909	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,754,304	  	  	 	2,754,304	  	  	6/15/04
	P0000910	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	4,131,478	  	  	 	4,131,478	  	  	6/15/04
	P0000911	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	4,475,755	  	  	 	4,475,755	  	  	6/15/04
	P0000912	  	N	  	Pike Plant Nursery	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,606,770	  	  	 	2,606,770	  	  	6/15/04
	P0000913	  	N	  	Grand Canyon University	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	29,300,000	  	  	 	33,034,586	  	  	6/28/04
	P0000300	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	560,000	  	  	 	585,051	  	  	6/25/04
	P0000301	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	550,000	  	  	 	630,446	  	  	6/25/04
	P0000302	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	394,456	  	  	 	394,456	  	  	6/25/04
	P0000303	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	432,031	  	  	 	432,031	  	  	6/25/04
	P0000304	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	458,880	  	  	 	458,880	  	  	6/25/04
	P0000305	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	400,000	  	  	 	416,322	  	  	6/25/04
	P0000306	  	N	  	Skyline Chili	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,000,000	  	  	 	1,211,086	  	  	6/25/04
	P0000309	  	Y	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	900,000	  	  	 	909,100	  	  	6/25/04
	P0000310	  	Y	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	950,000	  	  	 	1,046,634	  	  	6/25/04
	P0000311	  	Y	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,050,000	  	  	 	1,094,526	  	  	6/25/04
	P0000312	  	Y	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	950,000	  	  	 	974,873	  	  	6/25/04
	P0000313	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,550,000	  	  	 	1,668,413	  	  	6/25/04
	P0000314	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	2,850,000	  	  	 	3,077,413	  	  	6/25/04
	P0000315	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,000,000	  	  	 	3,004,361	  	  	6/25/04

																									
	 Property ID
	  	 Franchisee/
Licensee
(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000316	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	2,300,000	  	  	 	2,726,817	  	  	6/25/04
	P0000317	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,100,000	  	  	 	1,136,096	  	  	6/25/04
	P0000318	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,100,000	  	  	 	3,281,184	  	  	6/25/04
	P0000319	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	700,000	  	  	 	762,904	  	  	6/25/04
	P0000323	  	N	  	Casa Mexico	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,150,000	  	  	 	1,407,996	  	  	6/25/04
	P0000324	  	Y	  	Grandy’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	570,000	  	  	 	666,525	  	  	6/25/04
	P0000326	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	840,000	  	  	 	939,368	  	  	6/25/04
	P0000327	  	N	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,144,030	  	  	 	1,144,030	  	  	6/25/04
	P0000328	  	N	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,200,000	  	  	 	1,373,395	  	  	6/25/04
	P0000329	  	N	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,449,884	  	  	 	1,449,884	  	  	6/25/04
	P0000330	  	Y	  	Wendy’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,300,000	  	  	 	1,425,412	  	  	6/25/04
	P0000331	  	Y	  	Wendy’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	950,000	  	  	 	1,015,135	  	  	6/25/04
	P0000332	  	Y	  	Wendy’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	950,000	  	  	 	969,166	  	  	6/25/04
	P0000336	  	Y	  	Whataburger	  	n/a	  	Lease	  	N	  	n/a	  	Y	  	 	1,300,000	  	  	 	1,494,267	  	  	6/25/04
	P0000338	  	Y	  	Taco Bell	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,000,000	  	  	 	1,055,102	  	  	6/25/04
	P0000349	  	N	  	Skyline Chili	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	900,000	  	  	 	1,086,838	  	  	6/25/04
	P0000350	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	700,000	  	  	 	736,458	  	  	6/25/04
	P0000351	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	700,000	  	  	 	769,803	  	  	6/25/04
	P0000354	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,615,840	  	  	 	1,615,840	  	  	6/25/04
	P0000355	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,490,985	  	  	 	1,490,985	  	  	6/25/04
	P0000356	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,193,650	  	  	 	1,193,650	  	  	6/25/04
	P0000357	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,639,049	  	  	 	1,639,049	  	  	6/25/04
	P0000358	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,100,000	  	  	 	1,100,600	  	  	6/25/04
	P0000359	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,700,000	  	  	 	1,711,495	  	  	6/25/04
	P0000360	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,464,468	  	  	 	2,464,468	  	  	6/25/04
	P0000361	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,545,117	  	  	 	1,545,117	  	  	6/25/04
	P0000362	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,929,967	  	  	 	1,929,967	  	  	6/25/04
	P0000363	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,545,112	  	  	 	1,545,112	  	  	6/25/04
	P0000364	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,243,232	  	  	 	1,243,232	  	  	6/25/04
	P0000365	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,597,031	  	  	 	1,597,031	  	  	6/25/04
	P0000366	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,292,744	  	  	 	1,292,744	  	  	6/25/04
	P0000367	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,861,670	  	  	 	1,861,670	  	  	6/25/04
	P0000368	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,442,823	  	  	 	1,442,823	  	  	6/25/04
	P0000369	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,856,577	  	  	 	1,856,577	  	  	6/25/04
	P0000370	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,290,578	  	  	 	1,290,578	  	  	6/25/04

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease

(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000371	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,700,000	  	  	 	1,736,149	  	  	6/25/04
	P0000372	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,297,934	  	  	 	1,297,934	  	  	6/25/04
	P0000373	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,350,000	  	  	 	1,383,745	  	  	6/25/04
	P0000374	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,688,415	  	  	 	1,688,415	  	  	6/25/04
	P0000375	  	N	  	Fuddruckers	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,660,386	  	  	 	1,660,386	  	  	6/25/04
	P0000378	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	673,647	  	  	 	673,647	  	  	7/28/04
	P0000379	  	Y	  	Wendy’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,386,053	  	  	 	1,386,053	  	  	7/28/04
	P0000380	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,018,004	  	  	 	1,018,004	  	  	7/28/04
	P0000381	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	433,448	  	  	 	433,448	  	  	7/28/04
	P0000914	  	N	  	Dickinson Theaters	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	8,000,000	  	  	 	8,000,000	  	  	7/29/04
	P0000915	  	N	  	Dickinson Theaters	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	10,100,000	  	  	 	10,100,000	  	  	7/29/04
	P0000916	  	N	  	Hastings	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,700,000	  	  	 	3,712,374	  	  	7/29/04
	P0000917	  	Y	  	Golden Corral	  	n/a	  	Lease with a	  	Y	  	n/a	  	Y	  	 	3,062,436	  	  	 	3,062,436	  	  	8/18/04
	P0000918	  	Y	  	Golden Corral	  	n/a	  	Lease with a	  	Y	  	n/a	  	Y	  	 	1,194,582	  	  	 	1,194,582	  	  	8/18/04
	P0000919	  	N	  	Blue Rhino	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	5,580,000	  	  	 	5,591,663	  	  	9/7/04
	P0000390	  	N	  	Famous Dave’s	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,940,000	  	  	 	2,084,755	  	  	9/24/04
	P0000391	  	N	  	Famous Dave’s	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,680,360	  	  	 	2,680,360	  	  	9/24/04
	P0000392	  	N	  	Famous Dave’s	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,935,715	  	  	 	1,935,715	  	  	9/24/04
	P0000393	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,079,631	  	  	 	1,079,631	  	  	9/24/04
	P0000394	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,697,533	  	  	 	1,697,533	  	  	9/24/04
	P0000395	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,350,889	  	  	 	1,350,889	  	  	9/24/04
	P0000396	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	730,686	  	  	 	730,686	  	  	9/24/04
	P0000397	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	802,698	  	  	 	802,698	  	  	9/24/04
	P0000398	  	N	  	Friendly’s Ice Cream	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,704,422	  	  	 	1,704,422	  	  	9/24/04
	P0000399	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	500,000	  	  	 	513,610	  	  	9/24/04
	P0000400	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	780,000	  	  	 	804,726	  	  	9/24/04
	P0000401	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	590,000	  	  	 	606,370	  	  	9/24/04
	P0000402	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	720,000	  	  	 	737,952	  	  	9/24/04
	P0000403	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	600,000	  	  	 	630,214	  	  	9/24/04
	P0000404	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,196,504	  	  	 	1,196,504	  	  	9/24/04
	P0000405	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	990,000	  	  	 	1,019,701	  	  	9/24/04
	P0000406	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	700,000	  	  	 	722,782	  	  	9/24/04
	P0000408	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,200,000	  	  	 	1,211,893	  	  	9/24/04
	P0000409	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,000,000	  	  	 	1,081,749	  	  	9/24/04
	P0000410	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	990,000	  	  	 	1,013,308	  	  	9/24/04

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000411	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	980,000	  	  	 	1,008,423	  	  	9/24/04
	P0000412	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	910,000	  	  	 	940,735	  	  	9/24/04
	P0000415	  	N	  	Other	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	640,000	  	  	 	724,716	  	  	9/24/04
	P0000416	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,000,000	  	  	 	1,050,420	  	  	9/24/04
	P0000417	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,010,000	  	  	 	1,050,426	  	  	9/24/04
	P0000418	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	600,000	  	  	 	637,700	  	  	9/24/04
	P0000419	  	N	  	Barnhill’s Buffet	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,010,000	  	  	 	1,050,426	  	  	9/24/04
	P0000420	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	340,000	  	  	 	369,057	  	  	9/24/04
	P0000421	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	740,000	  	  	 	809,067	  	  	9/24/04
	P0000424	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	600,000	  	  	 	659,881	  	  	9/24/04
	P0000425	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	610,000	  	  	 	668,924	  	  	9/24/04
	P0000426	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	480,000	  	  	 	528,783	  	  	9/24/04
	P0000428	  	N	  	Rally’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	640,000	  	  	 	666,745	  	  	9/24/04
	P0000429	  	Y	  	Burger King	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	850,000	  	  	 	910,757	  	  	9/24/04
	P0000431	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,555,174	  	  	 	1,555,174	  	  	9/24/04
	P0000432	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,172,688	  	  	 	3,172,688	  	  	9/24/04
	P0000433	  	N	  	Max & Erma’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	2,332,834	  	  	 	2,332,834	  	  	9/24/04
	P0000434	  	Y	  	Denny’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,266,425	  	  	 	1,266,425	  	  	9/24/04
	P0000436	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,680,000	  	  	 	1,701,231	  	  	9/24/04
	P0000437	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,165,605	  	  	 	1,165,605	  	  	9/24/04
	P0000438	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,350,595	  	  	 	1,350,595	  	  	9/24/04
	P0000439	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	980,000	  	  	 	993,597	  	  	9/24/04
	P0000440	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	929,926	  	  	 	929,926	  	  	9/24/04
	P0000442	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,350,000	  	  	 	1,361,519	  	  	9/24/04
	P0000443	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,430,000	  	  	 	1,504,995	  	  	9/24/04
	P0000446	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	870,000	  	  	 	876,947	  	  	9/24/04
	P0000449	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	960,000	  	  	 	970,060	  	  	9/24/04
	P0000450	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	870,000	  	  	 	884,126	  	  	9/24/04
	P0000451	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,539,797	  	  	 	1,539,797	  	  	9/24/04
	P0000453	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,058,730	  	  	 	1,058,730	  	  	9/24/04
	P0000454	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,340,000	  	  	 	1,354,244	  	  	9/24/04
	P0000455	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	860,000	  	  	 	876,043	  	  	9/24/04
	P0000456	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	960,000	  	  	 	988,118	  	  	9/24/04
	P0000457	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	920,000	  	  	 	954,270	  	  	9/24/04
	P0000459	  	Y	  	Popeye’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	570,000	  	  	 	587,817	  	  	9/24/04

																									
	 Property ID
	  	 Franchisee/
Licensee
(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000920	  	N	  	Gander Mountain	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	11,072,806	  	  	 	11,072,806	  	  	9/30/04
	P0000921	  	N	  	Carmike Cinemas	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	7,600,000	  	  	 	7,632,695	  	  	9/30/04
	P0000922	  	N	  	Humperdink	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	4,000,000	  	  	 	4,014,584	  	  	9/30/04
	P0000923	  	N	  	Humperdink	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,440,000	  	  	 	1,446,457	  	  	9/30/04
	P0000924	  	N	  	Humperdink	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,900,000	  	  	 	2,913,362	  	  	9/30/04
	P0000925	  	N	  	Humperdink	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	3,990,000	  	  	 	4,004,554	  	  	9/30/04
	P0000926	  	N	  	Taco Bueno	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	850,000	  	  	 	850,000	  	  	9/30/04
	P0000927	  	N	  	Taco Bueno	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	850,000	  	  	 	850,000	  	  	9/30/04
	P0000928	  	N	  	Taco Bueno	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	850,000	  	  	 	850,000	  	  	9/30/04
	P0000929	  	N	  	Taco Bueno	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	850,000	  	  	 	850,000	  	  	9/30/04
	P0000930	  	N	  	Gander Mountain	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	7,201,849	  	  	 	7,201,849	  	  	10/8/04
	P0000931	  	N	  	Dave & Buster’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	11,800,000	  	  	 	11,948,995	  	  	10/15/04
	P0000932	  	Y	  	Ashley Furniture	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	6,367,110	  	  	 	6,367,110	  	  	10/29/04
	P0000933	  	Y	  	Ashley Furniture	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	4,916,850	  	  	 	4,916,850	  	  	10/29/04
	P0000934	  	N	  	Gander Mountain	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	6,630,367	  	  	 	6,630,367	  	  	11/5/04
	P0000935	  	N	  	Blue Rhino	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	6,950,000	  	  	 	6,971,090	  	  	11/12/04
	P0000936	  	N	  	Gander Mountain	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	8,536,575	  	  	 	8,536,575	  	  	11/17/04
	P0000937	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	498,896	  	  	 	498,896	  	  	11/23/04
	P0000938	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	752,396	  	  	 	752,396	  	  	11/23/04
	P0000939	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	617,226	  	  	 	617,226	  	  	11/23/04
	P0000940	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	670,000	  	  	 	677,826	  	  	11/23/04
	P0000941	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	580,000	  	  	 	588,513	  	  	11/23/04
	P0000942	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	510,000	  	  	 	518,958	  	  	11/23/04
	P0000943	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	530,000	  	  	 	535,922	  	  	11/23/04
	P0000944	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	750,000	  	  	 	754,381	  	  	11/23/04
	P0000945	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	650,000	  	  	 	655,091	  	  	11/23/04
	P0000946	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	640,000	  	  	 	645,470	  	  	11/23/04
	P0000947	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	810,000	  	  	 	814,306	  	  	11/23/04
	P0000948	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	600,000	  	  	 	606,000	  	  	11/23/04
	P0000949	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	520,000	  	  	 	526,307	  	  	11/23/04
	P0000950	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	520,000	  	  	 	526,319	  	  	11/23/04
	P0000951	  	N	  	Dickinson Theaters	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	12,500,000	  	  	 	12,500,000	  	  	7/29/04
	P0000952	  	N	  	Gander Mountain	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	8,874,367	  	  	 	8,874,367	  	  	12/10/04
	P0000953	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,538,212	  	  	 	1,538,212	  	  	12/15/04
	P0000954	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,448,129	  	  	 	1,448,129	  	  	12/15/04

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease
(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000955	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,353,961	  	  	 	2,353,961	  	  	12/15/04
	P0000956	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,440,040	  	  	 	2,440,040	  	  	12/15/04
	P0000957	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,348,037	  	  	 	1,348,037	  	  	12/15/04
	P0000958	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,809,461	  	  	 	1,809,461	  	  	12/15/04
	P0000959	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,349,957	  	  	 	2,349,957	  	  	12/15/04
	P0000960	  	N	  	Sonic	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	565,044	  	  	 	565,044	  	  	12/15/04
	P0000961	  	N	  	Flying Star Café	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,500,870	  	  	 	1,500,870	  	  	12/30/04
	P0000962	  	N	  	Flying Star Café	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,600,000	  	  	 	2,701,565	  	  	12/30/04
	P0000963	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	590,000	  	  	 	604,336	  	  	12/30/04
	P0000964	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,380,000	  	  	 	1,399,028	  	  	12/30/04
	P0000965	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	540,000	  	  	 	553,994	  	  	12/30/04
	P0000966	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,591,872	  	  	 	1,591,872	  	  	12/30/04
	P0000967	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,700,000	  	  	 	1,754,653	  	  	12/30/04
	P0000968	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,400,000	  	  	 	2,462,015	  	  	12/30/04
	P0000969	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,555,863	  	  	 	2,555,863	  	  	12/30/04
	P0000970	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	2,100,000	  	  	 	2,122,747	  	  	12/30/04
	P0000971	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,195,262	  	  	 	1,195,262	  	  	12/30/04
	P0000972	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,370,000	  	  	 	1,381,422	  	  	12/30/04
	P0000973	  	N	  	Hughes Supply	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	630,000	  	  	 	639,307	  	  	12/30/04
	P0000673	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	900,000	  	  	 	900,668	  	  	12/30/04
	P0000675	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	530,000	  	  	 	550,028	  	  	12/30/04
	P0000676	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	650,000	  	  	 	667,960	  	  	12/30/04
	P0000677	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	710,000	  	  	 	733,173	  	  	12/30/04
	P0000678	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	710,000	  	  	 	749,707	  	  	12/30/04
	P0000679	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	600,000	  	  	 	617,744	  	  	12/30/04
	P0000680	  	N	  	Casa Ole	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,056,311	  	  	 	1,056,311	  	  	12/30/04
	P0000681	  	N	  	Casa Ole	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,450,000	  	  	 	1,491,261	  	  	12/30/04
	P0000682	  	N	  	Casa Ole	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,460,000	  	  	 	1,491,261	  	  	12/30/04
	P0000683	  	N	  	Casa Ole	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	980,000	  	  	 	1,006,600	  	  	12/30/04
	P0000685	  	N	  	Garibaldi’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,190,000	  	  	 	1,215,378	  	  	12/30/04
	P0000687	  	N	  	Monterey’s Tex Mex	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	830,000	  	  	 	847,530	  	  	12/30/04
	P0000688	  	N	  	Monterey’s Tex Mex	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,043,884	  	  	 	1,043,884	  	  	12/30/04
	P0000689	  	N	  	Monterey’s Tex Mex	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	1,441,554	  	  	 	1,441,554	  	  	12/30/04
	P0000691	  	N	  	Monterey’s Tex Mex	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	671,067	  	  	 	671,067	  	  	12/30/04
	P0000692	  	N	  	Arby’s	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	840,000	  	  	 	877,412	  	  	1/26/05

																									
	 Property ID
	  	 Franchisee/
Licensee
(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease

(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000974	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	3,306,519	  	  	 	3,306,519	  	  	2/2/05
	P0000975	  	N	  	Sportsman’s Warehouse	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	5,716,575	  	  	 	5,716,575	  	  	2/2/05
	P0000976	  	N	  	Apollo Colleges	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,650,000	  	  	 	1,650,582	  	  	2/10/05
	P0000977	  	N	  	Apollo Colleges	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	6,492,077	  	  	 	6,492,077	  	  	2/10/05
	P0000978	  	N	  	Apollo Colleges	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	3,396,147	  	  	 	3,396,147	  	  	2/10/05
	P0000979	  	N	  	Apollo Colleges	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	5,100,000	  	  	 	5,158,552	  	  	2/10/05
	P0000980	  	N	  	Pilgrim’s Pride Freezer [ILLEGIBLE]	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,100,000	  	  	 	3,138,243	  	  	3/3/05
	P0000706	  	Y	  	Golden Corral	  	n/a	  	Lease	  	N	  	n/a	  	n/a	  	 	3,110,000	  	  	 	3,110,000	  	  	3/21/05
	P0000707	  	Y	  	Golden Corral	  	n/a	  	Lease	  	Y	  	n/a	  	N	  	 	3,800,000	  	  	 	3,899,564	  	  	3/31/05
	P0000708	  	Y	  	Peter Piper Pizza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	3,020,533	  	  	 	3,020,533	  	  	4/1/05
	P0000709	  	Y	  	Peter Piper Pizza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	3,085,533	  	  	 	3,085,533	  	  	4/1/05
	P0000710	  	Y	  	Peter Piper Pizza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,875,000	  	  	 	1,887,533	  	  	4/1/05
	P0000711	  	Y	  	Peter Piper Pizza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,955,533	  	  	 	2,955,533	  	  	4/1/05
	P0000730	  	N	  	Horn Furniture	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	9,500,000	  	  	 	9,603,738	  	  	4/8/05
	P0000731	  	N	  	Horn Furniture	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	8,500,000	  	  	 	8,590,284	  	  	4/8/05
	P0000732	  	N	  	Hastings	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	3,340,000	  	  	 	3,365,262	  	  	4/27/05
	P0000737	  	Y	  	Peter Piper Pizza	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	2,270,000	  	  	 	2,272,094	  	  	4/29/05
	P0000738	  	N	  	Rite Aid	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	1,715,950	  	  	 	1,715,950	  	  	5/2/05
	P0000747	  	Y	  	Ashley Home Center	  	n/a	  	Lease	  	N	  	n/a	  	N	  	 	4,025,000	  	  	 	4,056,813	  	  	5/19/05
	P0000748	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	557,735	  	  	 	557,735	  	  	5/24/05
	P0000749	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	557,735	  	  	 	557,735	  	  	5/24/05
	P0000750	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	623,740	  	  	 	623,740	  	  	5/24/05
	P0000751	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	1,010,341	  	  	 	1,010,341	  	  	5/24/05
	P0000752	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	642,599	  	  	 	642,599	  	  	5/24/05
	P0000753	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	557,735	  	  	 	557,735	  	  	5/24/05
	P0000754	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	435,154	  	  	 	435,154	  	  	5/24/05
	P0000755	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	397,437	  	  	 	397,437	  	  	5/24/05
	P0000756	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	604,882	  	  	 	604,882	  	  	5/24/05
	P0000757	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	472,872	  	  	 	472,872	  	  	5/24/05
	P0000758	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	567,164	  	  	 	567,164	  	  	5/24/05
	P0000759	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	736,891	  	  	 	736,891	  	  	5/24/05
	P0000760	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	868,901	  	  	 	868,901	  	  	5/24/05
	P0000761	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	444,584	  	  	 	444,584	  	  	5/24/05
	P0000762	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	312,574	  	  	 	312,574	  	  	5/24/05
	P0000763	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	979,456	  	  	 	979,456	  	  	5/24/05

																									
	 Property ID
	  	 Franchisee/
Licensee

(Y/N)
	  	 Concept
	  	 Concept Type
	  	 Investment
Type
	  	 Master Lease

(Y/N)
	  	 Cross-
collateralized?
	  	 Cross-
defaulted?
	  	CV	 	  	Investment
Amount
(includes closing
costs) as of Jan
06	 	  	 Investment
Date

	P0000764	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	633,169	  	  	 	633,169	  	  	5/24/05
	P0000765	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	435,154	  	  	 	435,154	  	  	5/24/05
	P0000766	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	708,604	  	  	 	708,604	  	  	5/24/05
	P0000767	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	661,457	  	  	 	661,457	  	  	5/24/05
	P0000768	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	378,579	  	  	 	378,579	  	  	5/24/05
	P0000769	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	793,467	  	  	 	793,467	  	  	5/24/05
	P0000770	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	708,604	  	  	 	708,604	  	  	5/24/05
	P0000771	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	444,584	  	  	 	444,584	  	  	5/24/05
	P0000772	  	Y	  	Pizza Hut	  	n/a	  	Lease	  	Y	  	n/a	  	Y	  	 	425,725	  	  	 	425,725	  	  	5/24/05

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	E000787	  	 	2,000,000	  	  	 	n/a	  	  	 	n/a	  	  	 	n/a	  	  	 	n/a	  	  	n/a	  	n/a	  	n/a
	P0000891	  	 	9,700,000	  	  	 	5,100,000	  	  	 	9,700,000	  	  	 	—  	  	  	 	9,700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000892	  	 	7,700,000	  	  	 	1,450,000	  	  	 	6,900,000	  	  	 	—  	  	  	 	7,700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000893	  	 	10,150,000	  	  	 	4,450,000	  	  	 	10,250,000	  	  	 	—  	  	  	 	10,150,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000894	  	 	10,650,000	  	  	 	3,400,000	  	  	 	9,600,000	  	  	 	—  	  	  	 	10,650,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000981	  	 	600,000	  	  	 	230,000	  	  	 	460,000	  	  	 	—  	  	  	 	600,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000982	  	 	650,000	  	  	 	410,000	  	  	 	680,000	  	  	 	—  	  	  	 	650,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000983	  	 	600,000	  	  	 	190,000	  	  	 	440,000	  	  	 	—  	  	  	 	600,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000984	  	 	1,075,000	  	  	 	250,000	  	  	 	580,000	  	  	 	—  	  	  	 	1,075,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000985	  	 	1,100,000	  	  	 	360,000	  	  	 	570,000	  	  	 	—  	  	  	 	1,100,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000986	  	 	850,000	  	  	 	280,000	  	  	 	510,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000987	  	 	650,000	  	  	 	390,000	  	  	 	610,000	  	  	 	—  	  	  	 	650,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000988	  	 	1,125,000	  	  	 	290,000	  	  	 	520,000	  	  	 	—  	  	  	 	1,125,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000989	  	 	1,175,000	  	  	 	210,000	  	  	 	410,000	  	  	 	—  	  	  	 	1,175,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000990	  	 	1,225,000	  	  	 	290,000	  	  	 	580,000	  	  	 	—  	  	  	 	1,225,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000991	  	 	1,000,000	  	  	 	300,000	  	  	 	520,000	  	  	 	—  	  	  	 	1,000,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000992	  	 	800,000	  	  	 	270,000	  	  	 	490,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000993	  	 	825,000	  	  	 	130,000	  	  	 	310,000	  	  	 	—  	  	  	 	825,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000994	  	 	825,000	  	  	 	250,000	  	  	 	460,000	  	  	 	—  	  	  	 	825,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000995	  	 	800,000	  	  	 	100,000	  	  	 	280,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000996	  	 	550,000	  	  	 	220,000	  	  	 	420,000	  	  	 	—  	  	  	 	550,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000997	  	 	560,000	  	  	 	170,000	  	  	 	350,000	  	  	 	—  	  	  	 	560,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000998	  	 	1,250,000	  	  	 	310,000	  	  	 	500,000	  	  	 	—  	  	  	 	1,250,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000999	  	 	550,000	  	  	 	180,000	  	  	 	420,000	  	  	 	—  	  	  	 	550,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001000	  	 	975,000	  	  	 	180,000	  	  	 	360,000	  	  	 	—  	  	  	 	975,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001001	  	 	525,000	  	  	 	110,000	  	  	 	330,000	  	  	 	—  	  	  	 	525,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001002	  	 	925,000	  	  	 	270,000	  	  	 	470,000	  	  	 	—  	  	  	 	925,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001003	  	 	750,000	  	  	 	110,000	  	  	 	270,000	  	  	 	—  	  	  	 	750,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001004	  	 	600,000	  	  	 	210,000	  	  	 	390,000	  	  	 	—  	  	  	 	600,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001005	  	 	675,000	  	  	 	90,000	  	  	 	250,000	  	  	 	—  	  	  	 	675,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001006	  	 	825,000	  	  	 	320,000	  	  	 	520,000	  	  	 	—  	  	  	 	825,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001007	  	 	1,225,000	  	  	 	560,000	  	  	 	850,000	  	  	 	—  	  	  	 	1,225,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001008	  	 	900,000	  	  	 	500,000	  	  	 	830,000	  	  	 	—  	  	  	 	900,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001009	  	 	750,000	  	  	 	460,000	  	  	 	820,000	  	  	 	—  	  	  	 	750,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001010	  	 	1,050,000	  	  	 	440,000	  	  	 	810,000	  	  	 	—  	  	  	 	1,050,000	  	  	Cushman & Wakefield	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0001011	  	 	700,000	  	  	 	570,000	  	  	 	960,000	  	  	 	—  	  	  	 	700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001012	  	 	775,000	  	  	 	120,000	  	  	 	340,000	  	  	 	—  	  	  	 	775,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001013	  	 	385,000	  	  	 	150,000	  	  	 	410,000	  	  	 	—  	  	  	 	385,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001014	  	 	700,000	  	  	 	220,000	  	  	 	410,000	  	  	 	—  	  	  	 	700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001015	  	 	940,000	  	  	 	560,000	  	  	 	900,000	  	  	 	—  	  	  	 	940,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001016	  	 	370,000	  	  	 	145,000	  	  	 	400,000	  	  	 	—  	  	  	 	370,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001017	  	 	575,000	  	  	 	200,000	  	  	 	650,000	  	  	 	—  	  	  	 	575,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001018	  	 	1,000,000	  	  	 	500,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,100,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001019	  	 	800,000	  	  	 	250,000	  	  	 	725,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001020	  	 	700,000	  	  	 	300,000	  	  	 	700,000	  	  	 	—  	  	  	 	700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001021	  	 	1,100,000	  	  	 	500,000	  	  	 	1,100,000	  	  	 	—  	  	  	 	1,100,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001022	  	 	775,000	  	  	 	250,000	  	  	 	750,000	  	  	 	—  	  	  	 	775,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001023	  	 	800,000	  	  	 	275,000	  	  	 	775,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001024	  	 	600,000	  	  	 	150,000	  	  	 	650,000	  	  	 	—  	  	  	 	600,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001025	  	 	1,025,000	  	  	 	400,000	  	  	 	1,050,000	  	  	 	—  	  	  	 	1,025,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001026	  	 	550,000	  	  	 	275,000	  	  	 	570,000	  	  	 	—  	  	  	 	550,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001027	  	 	640,000	  	  	 	120,000	  	  	 	620,000	  	  	 	—  	  	  	 	640,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001028	  	 	725,000	  	  	 	350,000	  	  	 	750,000	  	  	 	—  	  	  	 	725,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001029	  	 	750,000	  	  	 	390,000	  	  	 	760,000	  	  	 	—  	  	  	 	750,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001030	  	 	600,000	  	  	 	100,000	  	  	 	550,000	  	  	 	—  	  	  	 	600,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001031	  	 	550,000	  	  	 	60,000	  	  	 	530,000	  	  	 	—  	  	  	 	550,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001032	  	 	700,000	  	  	 	150,000	  	  	 	650,000	  	  	 	—  	  	  	 	700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001033	  	 	750,000	  	  	 	175,000	  	  	 	700,000	  	  	 	—  	  	  	 	750,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001034	  	 	675,000	  	  	 	150,000	  	  	 	650,000	  	  	 	—  	  	  	 	700,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001035	  	 	770,000	  	  	 	330,000	  	  	 	790,000	  	  	 	—  	  	  	 	770,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001036	  	 	560,000	  	  	 	260,000	  	  	 	570,000	  	  	 	—  	  	  	 	560,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001037	  	 	870,000	  	  	 	360,000	  	  	 	870,000	  	  	 	—  	  	  	 	870,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001038	  	 	800,000	  	  	 	325,000	  	  	 	800,000	  	  	 	—  	  	  	 	800,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001039	  	 	750,000	  	  	 	250,000	  	  	 	790,000	  	  	 	—  	  	  	 	750,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001040	  	 	950,000	  	  	 	180,000	  	  	 	925,000	  	  	 	—  	  	  	 	950,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001041	  	 	980,000	  	  	 	250,000	  	  	 	740,000	  	  	 	—  	  	  	 	980,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001042	  	 	720,000	  	  	 	340,000	  	  	 	840,000	  	  	 	—  	  	  	 	720,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001043	  	 	730,000	  	  	 	70,000	  	  	 	510,000	  	  	 	—  	  	  	 	730,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001044	  	 	760,000	  	  	 	140,000	  	  	 	610,000	  	  	 	—  	  	  	 	760,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001045	  	 	580,000	  	  	 	120,000	  	  	 	600,000	  	  	 	—  	  	  	 	580,000	  	  	Cushman & Wakefield	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0001046	  	 	720,000	  	  	 	60,000	  	  	 	420,000	  	  	 	—  	  	  	 	720,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0001047	  	 	375,000	  	  	 	80,000	  	  	 	400,000	  	  	 	—  	  	  	 	380,000	  	  	Cushman & Wakefield	  	Limited	  	Y
	P0000895	  	 	2,000,000	  	  	 	450,000	  	  	 	1,830,000	  	  	 	1,990,000	  	  	 	2,100,000	  	  	Clayton Jones & Associates	  	Full	  	Y
	P0000896	  	 	945,000	  	  	 	361,000	  	  	 	937,000	  	  	 	994,000	  	  	 	909,000	  	  	E. Eugene Presley & [ILLEGIBLE]	  	Full	  	Y
	P0000897	  	 	1,095,000	  	  	 	586,000	  	  	 	1,117,000	  	  	 	1,134,000	  	  	 	1,032,000	  	  	E. Eugene Presley & [ILLEGIBLE]	  	Full	  	Y
	P0000898	  	 	950,000	  	  	 	425,000	  	  	 	964,000	  	  	 	933,000	  	  	 	814,000	  	  	Appraisal Now	  	Full	  	Y
	P0000899	  	 	880,000	  	  	 	240,000	  	  	 	800,000	  	  	 	880,000	  	  	 	—  	  	  	Paramount Property Analysts	  	Full	  	Y
	P0000900	  	 	600,000	  	  	 	210,000	  	  	 	680,000	  	  	 	600,000	  	  	 	575,000	  	  	Appraisal Services	  	Full	  	Y
	P0000901	  	 	1,300,000	  	  	 	387,000	  	  	 	1,368,000	  	  	 	1,300,000	  	  	 	1,286,000	  	  	Albright & Associates of [ILLEGIBLE]	  	Full	  	Y
	P0000902	  	 	1,325,000	  	  	 	360,000	  	  	 	1,375,655	  	  	 	1,334,500	  	  	 	—  	  	  	Hollis Appraisals, Inc.	  	Full	  	Y
	P0000903	  	 	1,664,000	  	  	 	390,296	  	  	 	1,880,000	  	  	 	—  	  	  	 	1,664,000	  	  	William K. Boyd, Inc.	  	Full	  	Y
	P0000904	  	 	1,550,000	  	  	 	306,030	  	  	 	—  	  	  	 	1,550,000	  	  	 	1,550,000	  	  	DeRango, Best & Associates	  	Full	  	Y
	P0000905	  	 	4,850,000	  	  	 	950,000	  	  	 	4,150,000	  	  	 	5,000,000	  	  	 	4,800,000	  	  	Standard & Poor’s Corporate	  	Full	  	Y
	P0000906	  	 	12,900,000	  	  	 	2,500,000	  	  	 	13,400,000	  	  	 	13,000,000	  	  	 	12,800,000	  	  	Standard & Poor’s Corporate	  	Full	  	Y
	P0000907	  	 	3,550,000	  	  	 	1,900,000	  	  	 	3,550,000	  	  	 	—  	  	  	 	3,600,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000908	  	 	4,050,000	  	  	 	3,100,000	  	  	 	4,000,000	  	  	 	—  	  	  	 	4,100,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000909	  	 	2,800,000	  	  	 	2,200,000	  	  	 	2,750,000	  	  	 	—  	  	  	 	2,900,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000910	  	 	4,200,000	  	  	 	3,600,000	  	  	 	4,300,000	  	  	 	—  	  	  	 	4,100,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000911	  	 	4,550,000	  	  	 	3,000,000	  	  	 	4,500,000	  	  	 	—  	  	  	 	4,600,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000912	  	 	2,650,000	  	  	 	2,050,000	  	  	 	2,650,000	  	  	 	—  	  	  	 	2,700,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000913	  	 	29,300,000	  	  	 	7,950,000	  	  	 	29,300,000	  	  	 	—  	  	  	 	—  	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000300	  	 	560,000	  	  	 	304,920	  	  	 	—  	  	  	 	—  	  	  	 	560,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000301	  	 	550,000	  	  	 	223,083	  	  	 	—  	  	  	 	—  	  	  	 	550,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000302	  	 	400,000	  	  	 	60,000	  	  	 	400,000	  	  	 	—  	  	  	 	370,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000303	  	 	450,000	  	  	 	220,000	  	  	 	450,000	  	  	 	—  	  	  	 	550,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000304	  	 	500,000	  	  	 	110,000	  	  	 	500,000	  	  	 	—  	  	  	 	450,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000305	  	 	400,000	  	  	 	30,000	  	  	 	400,000	  	  	 	—  	  	  	 	410,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000306	  	 	1,000,000	  	  	 	560,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000309	  	 	900,000	  	  	 	410,000	  	  	 	900,000	  	  	 	—  	  	  	 	840,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000310	  	 	950,000	  	  	 	450,000	  	  	 	950,000	  	  	 	—  	  	  	 	910,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000311	  	 	1,050,000	  	  	 	620,000	  	  	 	1,050,000	  	  	 	—  	  	  	 	1,010,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000312	  	 	950,000	  	  	 	380,000	  	  	 	950,000	  	  	 	—  	  	  	 	900,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000313	  	 	1,550,000	  	  	 	450,000	  	  	 	1,550,000	  	  	 	—  	  	  	 	1,520,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000314	  	 	2,850,000	  	  	 	1,440,000	  	  	 	2,850,000	  	  	 	—  	  	  	 	2,830,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000315	  	 	3,000,000	  	  	 	490,000	  	  	 	2,100,000	  	  	 	—  	  	  	 	3,100,000	  	  	Standard & Poor’s	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000316	  	 	2,300,000	  	  	 	1,580,000	  	  	 	2,300,000	  	  	 	—  	  	  	 	2,400,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000317	  	 	1,100,000	  	  	 	440,000	  	  	 	1,100,000	  	  	 	—  	  	  	 	1,100,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000318	  	 	3,100,000	  	  	 	800,000	  	  	 	2,100,000	  	  	 	—  	  	  	 	3,120,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000319	  	 	700,000	  	  	 	96,000	  	  	 	700,000	  	  	 	—  	  	  	 	660,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000323	  	 	1,150,000	  	  	 	580,000	  	  	 	1,150,000	  	  	 	—  	  	  	 	1,100,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000324	  	 	570,000	  	  	 	409,500	  	  	 	—  	  	  	 	—  	  	  	 	570,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000326	  	 	840,000	  	  	 	360,000	  	  	 	840,000	  	  	 	—  	  	  	 	810,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000327	  	 	1,150,000	  	  	 	790,000	  	  	 	1,150,000	  	  	 	—  	  	  	 	1,130,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000328	  	 	1,200,000	  	  	 	520,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,280,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000329	  	 	1,450,000	  	  	 	820,000	  	  	 	1,450,000	  	  	 	—  	  	  	 	1,440,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000330	  	 	1,300,000	  	  	 	330,000	  	  	 	1,140,000	  	  	 	—  	  	  	 	1,400,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000331	  	 	950,000	  	  	 	220,000	  	  	 	820,000	  	  	 	—  	  	  	 	1,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000332	  	 	950,000	  	  	 	170,000	  	  	 	950,000	  	  	 	—  	  	  	 	930,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000336	  	 	1,300,000	  	  	 	250,000	  	  	 	1,100,000	  	  	 	—  	  	  	 	1,350,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000338	  	 	1,000,000	  	  	 	280,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000349	  	 	900,000	  	  	 	360,000	  	  	 	900,000	  	  	 	—  	  	  	 	880,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000350	  	 	700,000	  	  	 	150,000	  	  	 	700,000	  	  	 	—  	  	  	 	650,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000351	  	 	700,000	  	  	 	350,000	  	  	 	700,000	  	  	 	—  	  	  	 	700,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000354	  	 	1,650,000	  	  	 	700,000	  	  	 	1,600,000	  	  	 	—  	  	  	 	1,700,000	  	  	Cushman & Wakefield of [Illegible]	  	Limited	  	Y
	P0000355	  	 	1,800,000	  	  	 	800,000	  	  	 	1,700,000	  	  	 	—  	  	  	 	1,800,000	  	  	Cushman & Wakefield of [LLEGIBLE]	  	Limited	  	Y
	P0000356	  	 	1,200,000	  	  	 	450,000	  	  	 	1,200,000	  	  	 	—  	  	  	 	1,150,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y
	P0000357	  	 	1,650,000	  	  	 	600,000	  	  	 	1,650,000	  	  	 	—  	  	  	 	1,650,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000358	  	 	1,100,000	  	  	 	500,000	  	  	 	1,100,000	  	  	 	—  	  	  	 	1,100,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y
	P0000359	  	 	1,700,000	  	  	 	600,000	  	  	 	1,700,000	  	  	 	—  	  	  	 	1,750,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000360	  	 	2,500,000	  	  	 	1,600,000	  	  	 	2,500,000	  	  	 	—  	  	  	 	2,500,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000361	  	 	1,600,000	  	  	 	900,000	  	  	 	1,650,000	  	  	 	—  	  	  	 	1,600,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000362	  	 	2,000,000	  	  	 	1,200,000	  	  	 	1,950,000	  	  	 	—  	  	  	 	2,130,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000363	  	 	1,600,000	  	  	 	900,000	  	  	 	1,650,000	  	  	 	—  	  	  	 	1,600,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000364	  	 	1,275,000	  	  	 	550,000	  	  	 	1,250,000	  	  	 	—  	  	  	 	1,300,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y
	P0000365	  	 	1,600,000	  	  	 	600,000	  	  	 	1,600,000	  	  	 	—  	  	  	 	1,600,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000366	  	 	1,300,000	  	  	 	600,000	  	  	 	1,300,000	  	  	 	—  	  	  	 	1,300,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y
	P0000367	  	 	1,900,000	  	  	 	900,000	  	  	 	1,875,000	  	  	 	—  	  	  	 	1,950,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000368	  	 	1,475,000	  	  	 	750,000	  	  	 	1,475,000	  	  	 	—  	  	  	 	1,475,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000369	  	 	1,950,000	  	  	 	1,125,000	  	  	 	1,875,000	  	  	 	—  	  	  	 	2,040,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000370	  	 	1,300,000	  	  	 	600,000	  	  	 	1,300,000	  	  	 	—  	  	  	 	1,250,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000371	  	 	1,700,000	  	  	 	900,000	  	  	 	1,750,000	  	  	 	—  	  	  	 	1,700,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000372	  	 	1,300,000	  	  	 	575,000	  	  	 	1,300,000	  	  	 	—  	  	  	 	1,300,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000373	  	 	1,350,000	  	  	 	700,000	  	  	 	1,400,000	  	  	 	—  	  	  	 	1,300,000	  	  	Cushman & Wakefield, Inc.	  	Limited	  	Y
	P0000374	  	 	1,750,000	  	  	 	700,000	  	  	 	1,700,000	  	  	 	—  	  	  	 	1,760,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000375	  	 	1,700,000	  	  	 	650,000	  	  	 	1,675,000	  	  	 	—  	  	  	 	1,750,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Limited	  	Y
	P0000378	  	 	680,000	  	  	 	200,000	  	  	 	570,000	  	  	 	—  	  	  	 	620,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000379	  	 	1,410,000	  	  	 	1,180,000	  	  	 	1,680,000	  	  	 	—  	  	  	 	1,690,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000380	  	 	1,030,000	  	  	 	520,000	  	  	 	900,000	  	  	 	—  	  	  	 	940,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000381	  	 	440,000	  	  	 	137,368	  	  	 	—  	  	  	 	—  	  	  	 	440,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000914	  	 	8,000,000	  	  	 	1,500,000	  	  	 	7,725,000	  	  	 	7,600,000	  	  	 	8,000,000	  	  	Bliss Associates, Inc.	  	Full	  	Y
	P0000915	  	 	10,100,000	  	  	 	2,000,000	  	  	 	9,900,000	  	  	 	9,600,000	  	  	 	10,100,000	  	  	Bliss Associates, Inc.	  	Full	  	Y
	P0000916	  	 	3,700,000	  	  	 	700,000	  	  	 	3,540,000	  	  	 	3,830,000	  	  	 	3,700,000	  	  	Standard & Poor’s	  	Full	  	Y
	P0000917	  	 	3,130,000	  	  	 	800,000	  	  	 	2,400,000	  	  	 	—  	  	  	 	2,900,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000918	  	 	1,220,000	  	  	 	200,000	  	  	 	1,050,000	  	  	 	—  	  	  	 	1,200,000	  	  	Cushman & Wakefield of [ILLEGIBLE]	  	Full	  	Y
	P0000919	  	 	5,580,000	  	  	 	370,000	  	  	 	5,500,000	  	  	 	5,500,000	  	  	 	5,580,000	  	  	Integra Realty Resources - [ILLEGIBLE]	  	Full	  	Y
	P0000390	  	 	1,940,000	  	  	 	560,000	  	  	 	1,820,000	  	  	 	—  	  	  	 	1,940,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000391	  	 	2,700,000	  	  	 	1,310,000	  	  	 	2,600,000	  	  	 	—  	  	  	 	2,700,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000392	  	 	2,090,000	  	  	 	690,000	  	  	 	1,540,000	  	  	 	—  	  	  	 	2,090,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000393	  	 	1,100,000	  	  	 	260,000	  	  	 	1,010,000	  	  	 	—  	  	  	 	1,100,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000394	  	 	1,740,000	  	  	 	640,000	  	  	 	1,740,000	  	  	 	—  	  	  	 	1,740,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000395	  	 	1,400,000	  	  	 	520,000	  	  	 	1,300,000	  	  	 	—  	  	  	 	1,400,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000396	  	 	750,000	  	  	 	280,000	  	  	 	750,000	  	  	 	—  	  	  	 	750,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000397	  	 	830,000	  	  	 	370,000	  	  	 	750,000	  	  	 	—  	  	  	 	830,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000398	  	 	1,740,000	  	  	 	290,000	  	  	 	1,420,000	  	  	 	—  	  	  	 	1,740,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000399	  	 	500,000	  	  	 	350,000	  	  	 	500,000	  	  	 	—  	  	  	 	500,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000400	  	 	780,000	  	  	 	450,000	  	  	 	760,000	  	  	 	—  	  	  	 	780,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000401	  	 	590,000	  	  	 	360,000	  	  	 	580,000	  	  	 	—  	  	  	 	590,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000402	  	 	720,000	  	  	 	100,000	  	  	 	450,000	  	  	 	—  	  	  	 	720,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000403	  	 	600,000	  	  	 	130,000	  	  	 	560,000	  	  	 	—  	  	  	 	600,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000404	  	 	1,200,000	  	  	 	450,000	  	  	 	1,030,000	  	  	 	—  	  	  	 	1,200,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000405	  	 	990,000	  	  	 	260,000	  	  	 	860,000	  	  	 	—  	  	  	 	990,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000406	  	 	700,000	  	  	 	170,000	  	  	 	680,000	  	  	 	—  	  	  	 	700,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000408	  	 	1,200,000	  	  	 	610,000	  	  	 	1,200,000	  	  	 	—  	  	  	 	1,200,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000409	  	 	1,000,000	  	  	 	290,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000410	  	 	990,000	  	  	 	310,000	  	  	 	820,000	  	  	 	—  	  	  	 	990,000	  	  	Standard & Poor’s	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000411	  	 	980,000	  	  	 	440,000	  	  	 	910,000	  	  	 	—  	  	  	 	980,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000412	  	 	910,000	  	  	 	250,000	  	  	 	820,000	  	  	 	—  	  	  	 	910,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000415	  	 	640,000	  	  	 	210,000	  	  	 	640,000	  	  	 	—  	  	  	 	640,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000416	  	 	1,000,000	  	  	 	520,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000417	  	 	1,010,000	  	  	 	260,000	  	  	 	1,010,000	  	  	 	—  	  	  	 	1,010,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000418	  	 	600,000	  	  	 	260,000	  	  	 	600,000	  	  	 	—  	  	  	 	600,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000419	  	 	1,010,000	  	  	 	480,000	  	  	 	1,010,000	  	  	 	—  	  	  	 	1,010,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000420	  	 	340,000	  	  	 	230,000	  	  	 	340,000	  	  	 	—  	  	  	 	340,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000421	  	 	740,000	  	  	 	180,000	  	  	 	440,000	  	  	 	—  	  	  	 	740,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000424	  	 	600,000	  	  	 	290,000	  	  	 	570,000	  	  	 	—  	  	  	 	600,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000425	  	 	610,000	  	  	 	190,000	  	  	 	430,000	  	  	 	—  	  	  	 	610,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000426	  	 	480,000	  	  	 	160,000	  	  	 	400,000	  	  	 	—  	  	  	 	480,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000428	  	 	640,000	  	  	 	260,000	  	  	 	420,000	  	  	 	—  	  	  	 	640,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000429	  	 	850,000	  	  	 	200,000	  	  	 	830,000	  	  	 	—  	  	  	 	850,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000431	  	 	1,560,000	  	  	 	610,000	  	  	 	1,450,000	  	  	 	—  	  	  	 	1,560,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000432	  	 	3,180,000	  	  	 	800,000	  	  	 	2,460,000	  	  	 	—  	  	  	 	3,180,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000433	  	 	2,340,000	  	  	 	580,000	  	  	 	1,760,000	  	  	 	—  	  	  	 	2,340,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000434	  	 	1,300,000	  	  	 	550,000	  	  	 	1,300,000	  	  	 	—  	  	  	 	1,300,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000436	  	 	1,680,000	  	  	 	250,000	  	  	 	1,000,000	  	  	 	—  	  	  	 	1,680,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000437	  	 	1,190,000	  	  	 	330,000	  	  	 	870,000	  	  	 	—  	  	  	 	1,190,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000438	  	 	1,380,000	  	  	 	750,000	  	  	 	1,380,000	  	  	 	—  	  	  	 	1,380,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000439	  	 	980,000	  	  	 	280,000	  	  	 	820,000	  	  	 	—  	  	  	 	980,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000440	  	 	950,000	  	  	 	270,000	  	  	 	920,000	  	  	 	—  	  	  	 	950,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000442	  	 	1,350,000	  	  	 	570,000	  	  	 	1,290,000	  	  	 	—  	  	  	 	1,350,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000443	  	 	1,430,000	  	  	 	580,000	  	  	 	1,360,000	  	  	 	—  	  	  	 	1,430,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000446	  	 	870,000	  	  	 	510,000	  	  	 	870,000	  	  	 	—  	  	  	 	870,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000449	  	 	960,000	  	  	 	450,000	  	  	 	960,000	  	  	 	—  	  	  	 	960,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000450	  	 	870,000	  	  	 	270,000	  	  	 	810,000	  	  	 	—  	  	  	 	870,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000451	  	 	1,570,000	  	  	 	570,000	  	  	 	1,430,000	  	  	 	—  	  	  	 	1,570,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000453	  	 	1,080,000	  	  	 	580,000	  	  	 	1,030,000	  	  	 	—  	  	  	 	1,080,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000454	  	 	1,340,000	  	  	 	310,000	  	  	 	880,000	  	  	 	—  	  	  	 	1,340,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000455	  	 	860,000	  	  	 	320,000	  	  	 	860,000	  	  	 	—  	  	  	 	860,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000456	  	 	960,000	  	  	 	200,000	  	  	 	770,000	  	  	 	—  	  	  	 	960,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000457	  	 	920,000	  	  	 	260,000	  	  	 	820,000	  	  	 	—  	  	  	 	920,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000459	  	 	570,000	  	  	 	400,000	  	  	 	570,000	  	  	 	—  	  	  	 	570,000	  	  	Standard & Poor’s	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000920	  	 	11,600,000	  	  	 	2,880,000	  	  	 	11,900,000	  	  	 	11,400,000	  	  	 	11,600,000	  	  	W.G. Heyden & Associates, [ILLEGIBLE]	  	Full	  	Y
	P0000921	  	 	7,600,000	  	  	 	1,900,000	  	  	 	7,700,000	  	  	 	7,300,000	  	  	 	7,600,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000922	  	 	4,000,000	  	  	 	1,050,000	  	  	 	32,000,000	  	  	 	—  	  	  	 	4,000,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000923	  	 	1,440,000	  	  	 	980,000	  	  	 	1,434,564	  	  	 	—  	  	  	 	1,440,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000924	  	 	2,900,000	  	  	 	1,330,000	  	  	 	3,290,000	  	  	 	—  	  	  	 	2,900,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000925	  	 	3,990,000	  	  	 	1,780,000	  	  	 	3,990,000	  	  	 	—  	  	  	 	3,990,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000926	  	 	860,000	  	  	 	370,000	  	  	 	935,000	  	  	 	830,000	  	  	 	860,000	  	  	Standard & Poors	  	Full	  	Y
	P0000927	  	 	860,000	  	  	 	290,000	  	  	 	840,000	  	  	 	870,000	  	  	 	860,000	  	  	Standard & Poors	  	Full	  	Y
	P0000928	  	 	860,000	  	  	 	140,000	  	  	 	620,000	  	  	 	820,000	  	  	 	860,000	  	  	Standard & Poors	  	Full	  	Y
	P0000929	  	 	860,000	  	  	 	260,000	  	  	 	770,000	  	  	 	770,000	  	  	 	860,000	  	  	Standard & Poors	  	Full	  	Y
	P0000930	  	 	7,540,000	  	  	 	1,050,000	  	  	 	7,590,000	  	  	 	7,320,000	  	  	 	7,540,000	  	  	W.G. Heyden & Associates, [ILLEGIBLE]	  	Full	  	Y
	P0000931	  	 	11,800,000	  	  	 	2,100,000	  	  	 	7,600,000	  	  	 	11,750,000	  	  	 	11,800,000	  	  	Standard & Poor’s	  	Full	  	Y
	P0000932	  	 	6,400,000	  	  	 	1,000,000	  	  	 	5,800,000	  	  	 	6,300,000	  	  	 	6,500,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000933	  	 	5,000,000	  	  	 	1,295,000	  	  	 	5,080,000	  	  	 	5,000,000	  	  	 	4,940,000	  	  	Wilkinson Pendergrass	  	Full	  	Y
	P0000934	  	 	6,650,000	  	  	 	326,000	  	  	 	6,670,000	  	  	 	6,530,000	  	  	 	6,650,000	  	  	W.G. Heyden & Associates, [ILLEGIBLE]	  	Full	  	Y
	P0000935	  	 	6,950,000	  	  	 	825,000	  	  	 	7,050,000	  	  	 	6,950,000	  	  	 	6,850,000	  	  	Buss-Shelger Associates	  	Full	  	Y
	P0000936	  	 	8,950,000	  	  	 	1,620,000	  	  	 	8,990,000	  	  	 	8,620,000	  	  	 	8,950,000	  	  	W.G. Heyden & Associates, [ILLEGIBLE]	  	Full	  	Y
	P0000937	  	 	500,000	  	  	 	100,000	  	  	 	440,000	  	  	 	—  	  	  	 	500,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000938	  	 	760,000	  	  	 	300,000	  	  	 	680,000	  	  	 	—  	  	  	 	760,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000939	  	 	620,000	  	  	 	110,000	  	  	 	610,000	  	  	 	—  	  	  	 	620,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000940	  	 	670,000	  	  	 	280,000	  	  	 	660,000	  	  	 	—  	  	  	 	670,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000941	  	 	580,000	  	  	 	130,000	  	  	 	580,000	  	  	 	—  	  	  	 	580,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000942	  	 	510,000	  	  	 	200,000	  	  	 	510,000	  	  	 	—  	  	  	 	510,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000943	  	 	530,000	  	  	 	180,000	  	  	 	530,000	  	  	 	—  	  	  	 	530,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000944	  	 	750,000	  	  	 	470,000	  	  	 	750,000	  	  	 	—  	  	  	 	750,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000945	  	 	650,000	  	  	 	200,000	  	  	 	600,000	  	  	 	—  	  	  	 	650,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000946	  	 	640,000	  	  	 	180,000	  	  	 	620,000	  	  	 	—  	  	  	 	640,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000947	  	 	810,000	  	  	 	380,000	  	  	 	800,000	  	  	 	—  	  	  	 	810,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000948	  	 	600,000	  	  	 	280,000	  	  	 	570,000	  	  	 	—  	  	  	 	600,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000949	  	 	520,000	  	  	 	190,000	  	  	 	510,000	  	  	 	—  	  	  	 	520,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000950	  	 	520,000	  	  	 	200,000	  	  	 	520,000	  	  	 	—  	  	  	 	520,000	  	  	Standard & Poor’s	  	Limited	  	Y
	P0000951	  	 	12,500,000	  	  	 	3,350,000	  	  	 	11,710,000	  	  	 	12,300,000	  	  	 	12,630,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000952	  	 	9,290,000	  	  	 	2,150,000	  	  	 	9,730,000	  	  	 	9,180,000	  	  	 	9,290,000	  	  	W.G. Heyden & Associates, [ILLEGIBLE]	  	Full	  	Y
	P0000953	  	 	1,700,000	  	  	 	590,000	  	  	 	2,000,000	  	  	 	1,700,000	  	  	 	1,700,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000954	  	 	1,600,000	  	  	 	260,000	  	  	 	1,480,000	  	  	 	1,600,000	  	  	 	1,580,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000955	  	 	2,500,000	  	  	 	1,060,000	  	  	 	2,740,000	  	  	 	2,500,000	  	  	 	2,500,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000956	  	 	2,700,000	  	  	 	240,000	  	  	 	1,940,000	  	  	 	2,800,000	  	  	 	2,700,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000957	  	 	1,500,000	  	  	 	390,000	  	  	 	1,490,000	  	  	 	1,500,000	  	  	 	1,480,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000958	  	 	2,000,000	  	  	 	130,000	  	  	 	1,610,000	  	  	 	2,000,000	  	  	 	1,980,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000959	  	 	2,600,000	  	  	 	430,000	  	  	 	2,010,000	  	  	 	2,600,000	  	  	 	2,580,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000960	  	 	730,000	  	  	 	370,000	  	  	 	730,000	  	  	 	—  	  	  	 	730,000	  	  	Standard & Poor’s	  	Full	  	Y
	P0000961	  	 	1,515,000	  	  	 	250,000	  	  	 	1,360,000	  	  	 	1,515,000	  	  	 	1,515,000	  	  	American Property [ILLEGIBLE]	  	Full	  	Y
	P0000962	  	 	2,600,000	  	  	 	650,000	  	  	 	2,560,000	  	  	 	2,600,000	  	  	 	2,600,000	  	  	American Property [ILLEGIBLE]	  	Full	  	Y
	P0000963	  	 	590,000	  	  	 	220,000	  	  	 	660,000	  	  	 	—  	  	  	 	590,000	  	  	S&P	  	Limited	  	Y
	P0000964	  	 	1,380,000	  	  	 	520,000	  	  	 	1,380,000	  	  	 	—  	  	  	 	1,380,000	  	  	S&P	  	Limited	  	Y
	P0000965	  	 	540,000	  	  	 	210,000	  	  	 	610,000	  	  	 	—  	  	  	 	540,000	  	  	S&P	  	Limited	  	Y
	P0000966	  	 	1,700,000	  	  	 	650,000	  	  	 	1,600,000	  	  	 	1,600,000	  	  	 	—  	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000967	  	 	1,700,000	  	  	 	340,000	  	  	 	1,880,000	  	  	 	—  	  	  	 	1,700,000	  	  	S&P	  	Limited	  	Y
	P0000968	  	 	2,400,000	  	  	 	650,000	  	  	 	2,440,000	  	  	 	—  	  	  	 	2,360,000	  	  	S&P	  	Limited	  	Y
	P0000969	  	 	2,590,000	  	  	 	350,000	  	  	 	2,280,000	  	  	 	—  	  	  	 	2,590,000	  	  	S&P	  	Limited	  	Y
	P0000970	  	 	2,100,000	  	  	 	350,000	  	  	 	2,300,000	  	  	 	2,100,000	  	  	 	—  	  	  	S&P	  	Limited	  	Y
	P0000971	  	 	1,220,000	  	  	 	360,000	  	  	 	1,290,000	  	  	 	—  	  	  	 	1,220,000	  	  	S&P	  	Limited	  	Y
	P0000972	  	 	1,370,000	  	  	 	870,000	  	  	 	1,410,000	  	  	 	—  	  	  	 	1,370,000	  	  	S&P	  	Limited	  	Y
	P0000973	  	 	630,000	  	  	 	420,000	  	  	 	730,000	  	  	 	—  	  	  	 	630,000	  	  	S&P	  	Limited	  	Y
	P0000673	  	 	900,000	  	  	 	200,000	  	  	 	720,000	  	  	 	—  	  	  	 	900,000	  	  	S&P	  	Limited	  	Y
	P0000675	  	 	530,000	  	  	 	270,000	  	  	 	500,000	  	  	 	270,000	  	  	 	530,000	  	  	S&P	  	Limited	  	Y
	P0000676	  	 	650,000	  	  	 	340,000	  	  	 	660,000	  	  	 	—  	  	  	 	650,000	  	  	S&P	  	Limited	  	Y
	P0000677	  	 	710,000	  	  	 	450,000	  	  	 	710,000	  	  	 	450,000	  	  	 	710,000	  	  	S&P	  	Limited	  	Y
	P0000678	  	 	710,000	  	  	 	340,000	  	  	 	710,000	  	  	 	340,000	  	  	 	710,000	  	  	S&P	  	Limited	  	Y
	P0000679	  	 	600,000	  	  	 	220,000	  	  	 	490,000	  	  	 	220,000	  	  	 	600,000	  	  	S&P	  	Limited	  	Y
	P0000680	  	 	1,100,000	  	  	 	320,000	  	  	 	900,000	  	  	 	—  	  	  	 	1,100,000	  	  	S&P	  	Limited	  	Y
	P0000681	  	 	1,450,000	  	  	 	350,000	  	  	 	1,080,000	  	  	 	—  	  	  	 	1,450,000	  	  	S&P	  	Limited	  	Y
	P0000682	  	 	1,460,000	  	  	 	310,000	  	  	 	610,000	  	  	 	—  	  	  	 	1,460,000	  	  	S&P	  	Limited	  	Y
	P0000683	  	 	980,000	  	  	 	230,000	  	  	 	832,000	  	  	 	—  	  	  	 	980,000	  	  	S&P	  	Limited	  	Y
	P0000685	  	 	1,190,000	  	  	 	310,000	  	  	 	1,100,000	  	  	 	—  	  	  	 	1,190,000	  	  	S&P	  	Limited	  	Y
	P0000687	  	 	830,000	  	  	 	40,000	  	  	 	177,000	  	  	 	—  	  	  	 	830,000	  	  	S&P	  	Limited	  	Y
	P0000688	  	 	1,050,000	  	  	 	400,000	  	  	 	640,000	  	  	 	—  	  	  	 	1,050,000	  	  	S&P	  	Limited	  	Y
	P0000689	  	 	1,460,000	  	  	 	290,000	  	  	 	712,000	  	  	 	—  	  	  	 	1,460,000	  	  	S&P	  	Limited	  	Y
	P0000691	  	 	680,000	  	  	 	110,000	  	  	 	540,000	  	  	 	—  	  	  	 	680,000	  	  	S&P	  	Limited	  	Y
	P0000692	  	 	840,000	  	  	 	480,000	  	  	 	800,000	  	  	 	—  	  	  	 	840,000	  	  	S&P	  	Limited	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000974	  	 	3,400,000	  	  	 	1,330,000	  	  	 	3,700,000	  	  	 	3,400,000	  	  	 	3,300,000	  	  	Birch/REA Partners, Inc.	  	Full	  	Y
	P0000975	  	 	5,800,000	  	  	 	1,270,000	  	  	 	6,000,000	  	  	 	5,400,000	  	  	 	5,800,000	  	  	Moegenburg Research, Inc.	  	Full	  	Y
	P0000976	  	 	1,650,000	  	  	 	510,000	  	  	 	1,670,000	  	  	 	1,640,000	  	  	 	1,660,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000977	  	 	6,500,000	  	  	 	740,000	  	  	 	5,040,000	  	  	 	4,800,000	  	  	 	6,510,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000978	  	 	3,400,000	  	  	 	1,470,000	  	  	 	3,650,000	  	  	 	3,400,000	  	  	 	3,420,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000979	  	 	5,100,000	  	  	 	1,070,000	  	  	 	4,900,000	  	  	 	5,000,000	  	  	 	5,200,000	  	  	Cushman & Wakefield	  	Full	  	Y
	P0000980	  	 	3,100,000	  	  	 	195,700	  	  	 	3,350,000	  	  	 	3,080,000	  	  	 	3,100,000	  	  	Jerry D. Mask, MAI	  	Full	  	Y
	P0000706	  	 	3,110,000	  	  	 	765,000	  	  	 	3,100,000	  	  	 	3,110,000	  	  	 	3,210,000	  	  	J. Robert Reed	  	Full	  	Y
	P0000707	  	 	3,800,000	  	  	 	1,060,000	  	  	 	3,300,000	  	  	 	3,600,000	  	  	 	3,800,000	  	  	Standard & Poor’s	  	Full	  	Y
	P0000708	  	 	3,050,000	  	  	 	775,000	  	  	 	3,050,000	  	  	 	3,050,000	  	  	 	3,050,000	  	  	Advanced Appraisals Group	  	Full	  	Y
	P0000709	  	 	3,100,000	  	  	 	660,000	  	  	 	3,080,000	  	  	 	3,060,000	  	  	 	3,110,000	  	  	Advanced Appraisals Group	  	Full	  	Y
	P0000710	  	 	1,875,000	  	  	 	400,000	  	  	 	1,875,000	  	  	 	1,875,000	  	  	 	1,875,000	  	  	Advanced Appraisals Group	  	Full	  	Y
	P0000711	  	 	2,975,000	  	  	 	600,000	  	  	 	2,975,000	  	  	 	2,975,000	  	  	 	2,975,000	  	  	Advanced Appraisals Group	  	Full	  	Y
	P0000730	  	 	9,500,000	  	  	 	1,320,000	  	  	 	9,680,000	  	  	 	9,530,000	  	  	 	9,440,000	  	  	Diversified Real Estate [ILLEGIBLE]	  	Full	  	Y
	P0000731	  	 	8,500,000	  	  	 	1,190,000	  	  	 	9,000,000	  	  	 	8,500,000	  	  	 	8,500,000	  	  	Diversified Real Estate [ILLEGIBLE]	  	Full	  	Y
	P0000732	  	 	3,340,000	  	  	 	625,000	  	  	 	3,340,000	  	  	 	3,340,000	  	  	 	3,340,000	  	  	Advanced Appraisal Group	  	Full	  	Y
	P0000737	  	 	2,270,000	  	  	 	395,000	  	  	 	2,270,000	  	  	 	2,275,000	  	  	 	2,270,000	  	  	Advanced Appraisals Group	  	Full	  	Y
	P0000738	  	 	2,230,000	  	  	 	1,170,000	  	  	 	2,230,000	  	  	 	1,900,000	  	  	 	1,840,000	  	  	Standard & Poors	  	Full	  	Y
	P0000747	  	 	4,025,000	  	  	 	925,000	  	  	 	3,985,000	  	  	 	4,050,000	  	  	 	3,970,000	  	  	Regional Real Estate [ILLEGIBLE]	  	Full	  	Y
	P0000748	  	 	590,000	  	  	 	120,000	  	  	 	480,000	  	  	 	490,000	  	  	 	590,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000749	  	 	590,000	  	  	 	100,000	  	  	 	450,000	  	  	 	520,000	  	  	 	590,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000750	  	 	660,000	  	  	 	280,000	  	  	 	650,000	  	  	 	690,000	  	  	 	660,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000751	  	 	1,070,000	  	  	 	440,000	  	  	 	940,000	  	  	 	970,000	  	  	 	1,070,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000752	  	 	680,000	  	  	 	320,000	  	  	 	560,000	  	  	 	650,000	  	  	 	680,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000753	  	 	590,000	  	  	 	60,000	  	  	 	430,000	  	  	 	550,000	  	  	 	590,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000754	  	 	460,000	  	  	 	150,000	  	  	 	250,000	  	  	 	430,000	  	  	 	460,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000755	  	 	420,000	  	  	 	50,000	  	  	 	300,000	  	  	 	460,000	  	  	 	420,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000756	  	 	640,000	  	  	 	290,000	  	  	 	600,000	  	  	 	580,000	  	  	 	640,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000757	  	 	500,000	  	  	 	120,000	  	  	 	290,000	  	  	 	460,000	  	  	 	500,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000758	  	 	600,000	  	  	 	250,000	  	  	 	470,000	  	  	 	500,000	  	  	 	610,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000759	  	 	780,000	  	  	 	280,000	  	  	 	660,000	  	  	 	730,000	  	  	 	780,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000760	  	 	920,000	  	  	 	230,000	  	  	 	570,000	  	  	 	1,090,000	  	  	 	920,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000761	  	 	470,000	  	  	 	210,000	  	  	 	340,000	  	  	 	450,000	  	  	 	470,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000762	  	 	330,000	  	  	 	30,000	  	  	 	140,000	  	  	 	270,000	  	  	 	330,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000763	  	 	1,070,000	  	  	 	420,000	  	  	 	820,000	  	  	 	1,020,000	  	  	 	1,070,000	  	  	Hopkins Appraisal Services	  	Full	  	Y

																											
	 Property ID
	  	Appraised Value	 	  	Land Value	 	  	Replacement
Cost Approach	 	  	Sales
Comparison
Approach	 	  	Income Cost
Approach	 	  	 Appraisal Firm
	  	 Full / Limited /

None
	  	 MAI

(Y/N)

	P0000764	  	 	670,000	  	  	 	120,000	  	  	 	420,000	  	  	 	620,000	  	  	 	670,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000765	  	 	460,000	  	  	 	120,000	  	  	 	380,000	  	  	 	420,000	  	  	 	460,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000766	  	 	750,000	  	  	 	240,000	  	  	 	560,000	  	  	 	700,000	  	  	 	750,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000767	  	 	700,000	  	  	 	210,000	  	  	 	510,000	  	  	 	660,000	  	  	 	700,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000768	  	 	400,000	  	  	 	130,000	  	  	 	270,000	  	  	 	380,000	  	  	 	400,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000769	  	 	840,000	  	  	 	390,000	  	  	 	760,000	  	  	 	790,000	  	  	 	840,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000770	  	 	750,000	  	  	 	240,000	  	  	 	660,000	  	  	 	680,000	  	  	 	750,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000771	  	 	470,000	  	  	 	220,000	  	  	 	360,000	  	  	 	450,000	  	  	 	470,000	  	  	Hopkins Appraisal Services	  	Full	  	Y
	P0000772	  	 	450,000	  	  	 	150,000	  	  	 	280,000	  	  	 	440,000	  	  	 	450,000	  	  	Hopkins Appraisal Services	  	Full	  	Y

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	E000787	  	n/a	  	 	n/a	  	 	n/a	  	n/a	  	n/a	  	n/a	  	n/a	  	n/a	  	 	n/a	  	  	 	n/a	  
	P0000891	  	Feb/Mar 05	  	 	98.0	% 	 	Y	  	Y	  	9/15/1999	  	Y	  	9/15/1999	  	No further [Illegible]	  	 	929,135	  	  	 	15,326	  
	P0000892	  	Feb/Mar 05	  	 	97.5	% 	 	Y	  	Y	  	4/30/1999	  	Y	  	4/30/1999	  	No further [Illegible]	  	 	1,596,038	  	  	 	17,652	  
	P0000893	  	Feb/Mar 05	  	 	98.6	% 	 	Y	  	Y	  	3/31/2000	  	N	  	N	  	n/a	  	 	1,047,879	  	  	 	17,692	  
	P0000894	  	Feb/Mar 05	  	 	98.7	% 	 	Y	  	Y	  	11/8/2000	  	N	  	N	  	n/a	  	 	790,962	  	  	 	15,141	  
	P0000981	  	Feb/Mar 05	  	 	56.6	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	32,392	  	  	 	2,788	  
	P0000982	  	Feb/Mar 05	  	 	52.3	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	48,492	  	  	 	3,825	  
	P0000983	  	Feb/Mar 05	  	 	68.0	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	22,653	  	  	 	3,807	  
	P0000984	  	Feb/Mar 05	  	 	72.3	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	42,210	  	  	 	3,949	  
	P0000985	  	Feb/Mar 05	  	 	72.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	27,500	  	  	 	2,843	  
	P0000986	  	Feb/Mar 05	  	 	77.7	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	29,917	  	  	 	2,944	  
	P0000987	  	Feb/Mar 05	  	 	57.5	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	37,454	  	  	 	2,439	  
	P0000988	  	Feb/Mar 05	  	 	66.9	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	28,514	  	  	 	3,140	  
	P0000989	  	Feb/Mar 05	  	 	71.9	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	19,572	  	  	 	3,116	  
	P0000990	  	Feb/Mar 05	  	 	72.1	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	30,424	  	  	 	2,681	  
	P0000991	  	Feb/Mar 05	  	 	79.6	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	25,202	  	  	 	3,102	  
	P0000992	  	Feb/Mar 05	  	 	69.8	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	26,953	  	  	 	3,023	  
	P0000993	  	Feb/Mar 05	  	 	76.5	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	17,143	  	  	 	2,595	  
	P0000994	  	Feb/Mar 05	  	 	76.5	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	31,269	  	  	 	2,501	  
	P0000995	  	Feb/Mar 05	  	 	78.9	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	26,183	  	  	 	2,094	  
	P0000996	  	Feb/Mar 05	  	 	77.7	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	21,525	  	  	 	2,360	  
	P0000997	  	Feb/Mar 05	  	 	65.0	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	22,123	  	  	 	2,395	  
	P0000998	  	Feb/Mar 05	  	 	66.8	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	27,000	  	  	 	2,366	  
	P0000999	  	Feb/Mar 05	  	 	61.8	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	27,500	  	  	 	3,128	  
	P0001000	  	Feb/Mar 05	  	 	72.2	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	23,960	  	  	 	2,410	  
	P0001001	  	Feb/Mar 05	  	 	70.3	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	27,109	  	  	 	2,630	  
	P0001002	  	Feb/Mar 05	  	 	72.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	28,034	  	  	 	2,433	  
	P0001003	  	Feb/Mar 05	  	 	77.7	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	21,545	  	  	 	2,102	  
	P0001004	  	Feb/Mar 05	  	 	72.8	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	20,100	  	  	 	2,324	  
	P0001005	  	Feb/Mar 05	  	 	77.0	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	14,168	  	  	 	2,400	  
	P0001006	  	Feb/Mar 05	  	 	72.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	25,618	  	  	 	2,520	  
	P0001007	  	Feb/Mar 05	  	 	67.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	30,298	  	  	 	2,681	  
	P0001008	  	Feb/Mar 05	  	 	67.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	33,323	  	  	 	2,915	  
	P0001009	  	Feb/Mar 05	  	 	47.9	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	35,240	  	  	 	2,880	  
	P0001010	  	Feb/Mar 05	  	 	83.2	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	41,521	  	  	 	2,769	  

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0001011	  	Feb/Mar 05	  	 	48.5	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	43,289	  	  	 	2,800	  
	P0001012	  	Feb/Mar 05	  	 	48.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	15,000	  	  	 	3,635	  
	P0001013	  	Feb/Mar 05	  	 	45.9	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	34,107	  	  	 	2,695	  
	P0001014	  	Feb/Mar 05	  	 	34.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	28,177	  	  	 	2,357	  
	P0001015	  	Feb/Mar 05	  	 	18.4	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	34,848	  	  	 	2,917	  
	P0001016	  	Feb/Mar 05	  	 	88.9	% 	 	Y	  	Y	  	6/20/2000	  	N	  	N	  	n/a	  	 	82,328	  	  	 	6,743	  
	P0001017	  	Feb/Mar 05	  	 	84.9	% 	 	Y	  	Y	  	6/20/2000	  	Y	  	2/27/2001	  	No further [ILLEGIBLE]	  	 	52,272	  	  	 	6,734	  
	P0001018	  	Feb/Mar 05	  	 	87.3	% 	 	Y	  	Y	  	2/12/1998	  	Y	  	N/A	  	No further [ILLEGIBLE]	  	 	33,018	  	  	 	6,700	  
	P0001019	  	Feb/Mar 05	  	 	77.1	% 	 	Y	  	Y	  	4/2/1998	  	N	  	N	  	n/a	  	 	32,400	  	  	 	6,729	  
	P0001020	  	Feb/Mar 05	  	 	83.7	% 	 	Y	  	N/A	  	N/A	  	Y	  	N/A	  	No further [ILLEGIBLE]	  	 	34,848	  	  	 	5,793	  
	P0001021	  	Feb/Mar 05	  	 	73.3	% 	 	Y	  	Y	  	2/16/1996	  	Y	  	N/A	  	No further [ILLEGIBLE]	  	 	54,450	  	  	 	6,700	  
	P0001022	  	Feb/Mar 05	  	 	78.7	% 	 	Y	  	N/A	  	N/A	  	Y	  	1/20/1997	  	No further [ILLEGIBLE]	  	 	36,397	  	  	 	6,729	  
	P0001023	  	Feb/Mar 05	  	 	78.5	% 	 	Y	  	Y	  	N/A	  	Y	  	N/A	  	No further [ILLEGIBLE]	  	 	54,000	  	  	 	6,729	  
	P0001024	  	Feb/Mar 05	  	 	89.0	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	27,910	  	  	 	7,985	  
	P0001025	  	Feb/Mar 05	  	 	79.2	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	44,030	  	  	 	7,956	  
	P0001026	  	Feb/Mar 05	  	 	78.6	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	37,440	  	  	 	8,926	  
	P0001027	  	Feb/Mar 05	  	 	93.5	% 	 	Y	  	Y	  	6/19/2000	  	N	  	N	  	n/a	  	 	36,155	  	  	 	6,715	  
	P0001028	  	Feb/Mar 05	  	 	85.8	% 	 	Y	  	Y	  	N/A	  	Y	  	5/6/1994	  	No further [ILLEGIBLE]	  	 	27,840	  	  	 	6,506	  
	P0001029	  	Feb/Mar 05	  	 	83.3	% 	 	Y	  	Y	  	6/21/2000	  	N	  	N	  	n/a	  	 	55,321	  	  	 	9,993	  
	P0001030	  	Feb/Mar 05	  	 	87.9	% 	 	Y	  	Y	  	6/15/2000	  	N	  	N	  	n/a	  	 	35,283	  	  	 	6,728	  
	P0001031	  	Feb/Mar 05	  	 	88.0	% 	 	Y	  	Y	  	6/14/2000	  	N	  	N	  	n/a	  	 	30,000	  	  	 	6,710	  
	P0001032	  	Feb/Mar 05	  	 	80.2	% 	 	Y	  	Y	  	6/15/2000	  	N	  	N	  	n/a	  	 	31,270	  	  	 	6,613	  
	P0001033	  	Feb/Mar 05	  	 	81.9	% 	 	Y	  	Y	  	6/20/2000	  	N	  	N	  	n/a	  	 	56,628	  	  	 	6,746	  
	P0001034	  	Feb/Mar 05	  	 	87.2	% 	 	Y	  	Y	  	6/13/2000	  	N	  	N	  	n/a	  	 	39,204	  	  	 	6,703	  
	P0001035	  	Feb/Mar 05	  	 	86.9	% 	 	Y	  	Y	  	6/14/2000	  	N	  	N	  	n/a	  	 	40,946	  	  	 	6,713	  
	P0001036	  	Feb/Mar 05	  	 	81.8	% 	 	Y	  	Y	  	6/13/2000	  	N	  	N	  	n/a	  	 	40,200	  	  	 	6,707	  
	P0001037	  	Feb/Mar 05	  	 	84.8	% 	 	Y	  	Y	  	6/12/2005	  	N	  	N	  	n/a	  	 	84,071	  	  	 	8,351	  
	P0001038	  	Feb/Mar 05	  	 	89.3	% 	 	Y	  	Y	  	6/8/2000	  	N	  	N	  	n/a	  	 	41,948	  	  	 	6,721	  
	P0001039	  	Feb/Mar 05	  	 	77.1	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	36,209	  	  	 	8,194	  
	P0001040	  	Feb/Mar 05	  	 	77.3	% 	 	Y	  	N/A	  	N/A	  	N/A	  	N/A	  	n/a	  	 	22,927	  	  	 	8,766	  
	P0001041	  	Feb/Mar 05	  	 	87.9	% 	 	Y	  	Y	  	6/20/2000	  	N	  	N	  	n/a	  	 	31,673	  	  	 	6,730	  
	P0001042	  	Feb/Mar 05	  	 	88.4	% 	 	Y	  	Y	  	6/9/2000	  	N	  	N	  	n/a	  	 	38,250	  	  	 	6,750	  
	P0001043	  	Feb/Mar 05	  	 	88.1	% 	 	Y	  	Y	  	6/7/2000	  	N	  	N	  	n/a	  	 	22,502	  	  	 	6,732	  
	P0001044	  	Feb/Mar 05	  	 	88.4	% 	 	Y	  	Y	  	6/16/2000	  	N	  	N	  	n/a	  	 	31,920	  	  	 	6,730	  
	P0001045	  	Feb/Mar 05	  	 	88.7	% 	 	Y	  	Y	  	6/6/2000	  	N	  	N	  	n/a	  	 	30,812	  	  	 	6,838	  

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0001046	  	Feb/Mar 05	  	 	88.1	% 	 	Y	  	Y	  	6/14/2000	  	N	  	N	  	n/a	  	 	30,000	  	  	 	8,083	  
	P0001047	  	Feb/Mar 05	  	 	89.6	% 	 	Y	  	Y	  	6/13/2000	  	N	  	N	  	n/a	  	 	54,014	  	  	 	6,738	  
	P0000895	  	1/27/04	  	 	100.3	% 	 	N	  	Y	  	2/13/2004	  	N	  	N	  	n/a	  	 	112,559	  	  	 	30,550	  
	P0000896	  	3/5/04	  	 	83.9	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	56,410	  	  	 	8,145	  
	P0000897	  	3/5/04	  	 	83.9	% 	 	N	  	Y	  	2/26/2004	  	N	  	N	  	n/a	  	 	59,808	  	  	 	9,374	  
	P0000898	  	3/8/04	  	 	83.9	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	73,965	  	  	 	9,330	  
	P0000899	  	11/3/03	  	 	87.4	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	64,207	  	  	 	5,380	  
	P0000900	  	2/23/04	  	 	83.9	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	83,635	  	  	 	8,184	  
	P0000901	  	2/19/04	  	 	83.9	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	67,518	  	  	 	10,402	  
	P0000902	  	2/14/04	  	 	95.0	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	56,192	  	  	 	10,676	  
	P0000903	  	3/15/04	  	 	83.9	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	107,158	  	  	 	10,540	  
	P0000904	  	3/3/04	  	 	92.0	% 	 	N	  	Y	  	2/25/2004	  	N	  	N	  	n/a	  	 	61,202	  	  	 	10,622	  
	P0000905	  	4/1/04	  	 	97.8	% 	 	N	  	Y	  	4/1/2004	  	Y	  	4/1/2004	  	The Phase I [ILLEGIBLE]	  	 	59,677	  	  	 	25,000	  
	P0000906	  	4/2/04	  	 	100.3	% 	 	N	  	Y	  	5/6/2004	  	N	  	N	  	n/a	  	 	69,914	  	  	 	52,360	  
	P0000907	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/26/2004	  	N	  	N	  	n/a	  	 	151,327	  	  	 	70,316	  
	P0000908	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/27/2004	  	N	  	N	  	n/a	  	 	206,039	  	  	 	25,408	  
	P0000909	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/27/2004	  	N	  	N	  	n/a	  	 	622,560	  	  	 	31,704	  
	P0000910	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/26/2004	  	N	  	N	  	n/a	  	 	161,172	  	  	 	25,489	  
	P0000911	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/26/2004	  	N	  	N	  	n/a	  	 	230,868	  	  	 	73,570	  
	P0000912	  	6/11/04	  	 	98.4	% 	 	N	  	Y	  	4/26/2004	  	N	  	N	  	n/a	  	 	135,036	  	  	 	51,190	  
	P0000913	  	6/11/04	  	 	112.7	% 	 	N	  	Y	  	6/17/2004	  	N	  	N	  	n/a	  	 	3,916,915	  	  	 	430,442	  
	P0000300	  	6/30/04	  	 	104.5	% 	 	N	  	Y	  	5/13/2004	  	N	  	N	  	n/a	  	 	30,492	  	  	 	3,354	  
	P0000301	  	6/30/04	  	 	114.6	% 	 	N	  	Y	  	5/13/2004	  	N	  	N	  	n/a	  	 	26,245	  	  	 	2,600	  
	P0000302	  	6/30/04	  	 	98.6	% 	 	N	  	Y	  	5/12/2004	  	N	  	N	  	n/a	  	 	21,070	  	  	 	2,415	  
	P0000303	  	6/30/04	  	 	96.0	% 	 	N	  	Y	  	5/12/2004	  	N	  	N	  	n/a	  	 	75,850	  	  	 	2,740	  
	P0000304	  	6/30/04	  	 	91.8	% 	 	N	  	Y	  	5/14/2004	  	N	  	N	  	n/a	  	 	30,572	  	  	 	2,553	  
	P0000305	  	6/30/04	  	 	104.1	% 	 	N	  	Y	  	5/14/2004	  	N	  	N	  	n/a	  	 	31,476	  	  	 	2,836	  
	P0000306	  	6/30/04	  	 	121.1	% 	 	N	  	Y	  	4/15/2004	  	N	  	N	  	n/a	  	 	47,001	  	  	 	2,700	  
	P0000309	  	6/30/04	  	 	101.0	% 	 	N	  	Y	  	5/10/2004	  	N	  	N	  	n/a	  	 	33,071	  	  	 	2,860	  
	P0000310	  	6/30/04	  	 	110.2	% 	 	N	  	Y	  	5/10/2004	  	Y	  	6/16/2004	  	No further [ILLEGIBLE]	  	 	38,594	  	  	 	3,027	  
	P0000311	  	6/30/04	  	 	104.2	% 	 	N	  	Y	  	4/23/2004	  	N	  	N	  	n/a	  	 	77,972	  	  	 	3,497	  
	P0000312	  	6/30/04	  	 	102.6	% 	 	N	  	Y	  	5/3/2004	  	N	  	N	  	n/a	  	 	40,162	  	  	 	2,916	  
	P0000313	  	6/30/04	  	 	107.6	% 	 	N	  	Y	  	5/11/2004	  	N	  	N	  	n/a	  	 	78,564	  	  	 	7,299	  
	P0000314	  	6/30/04	  	 	108.0	% 	 	N	  	Y	  	4/15/2004	  	N	  	N	  	n/a	  	 	92,696	  	  	 	6,953	  
	P0000315	  	6/30/04	  	 	100.1	% 	 	N	  	Y	  	5/11/2004	  	Y	  	6/16/2004	  	No further [ILLEGIBLE]	  	 	71,856	  	  	 	7,299	  

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000316	  	6/30/04	  	 	118.6	% 	 	N	  	Y	  	5/12/2004	  	N	  	N	  	n/a	  	 	65,776	  	  	 	6,100	  
	P0000317	  	6/30/04	  	 	103.3	% 	 	N	  	Y	  	5/7/2004	  	N	  	N	  	n/a	  	 	67,566	  	  	 	6,972	  
	P0000318	  	6/30/04	  	 	105.8	% 	 	N	  	Y	  	5/7/2004	  	N	  	N	  	n/a	  	 	57,543	  	  	 	6,852	  
	P0000319	  	6/30/04	  	 	109.0	% 	 	N	  	Y	  	9/15/2003	  	N	  	N	  	n/a	  	 	17,384	  	  	 	2,290	  
	P0000323	  	6/30/04	  	 	122.4	% 	 	N	  	Y	  	9/11/2003	  	N	  	N	  	n/a	  	 	49,400	  	  	 	4,038	  
	P0000324	  	6/30/04	  	 	116.9	% 	 	N	  	Y	  	5/12/2004	  	N	  	N	  	n/a	  	 	36,400	  	  	 	4,000	  
	P0000326	  	6/30/04	  	 	111.8	% 	 	N	  	Y	  	5/25/2004	  	N	  	N	  	n/a	  	 	25,566	  	  	 	2,695	  
	P0000327	  	6/30/04	  	 	99.5	% 	 	N	  	Y	  	4/28/2004	  	N	  	N	  	n/a	  	 	64,468	  	  	 	3,851	  
	P0000328	  	6/30/04	  	 	114.4	% 	 	N	  	Y	  	3/26/2004	  	N	  	N	  	n/a	  	 	45,000	  	  	 	3,325	  
	P0000329	  	6/30/04	  	 	100.0	% 	 	N	  	Y	  	4/28/2004	  	N	  	N	  	n/a	  	 	68,389	  	  	 	4,350	  
	P0000330	  	6/30/04	  	 	109.6	% 	 	N	  	Y	  	9/15/2003	  	N	  	N	  	n/a	  	 	36,150	  	  	 	4,005	  
	P0000331	  	6/30/04	  	 	106.9	% 	 	N	  	Y	  	5/5/2004	  	N	  	N	  	n/a	  	 	31,166	  	  	 	2,452	  
	P0000332	  	6/30/04	  	 	102.0	% 	 	N	  	Y	  	5/6/2004	  	N	  	N	  	n/a	  	 	43,596	  	  	 	3,295	  
	P0000336	  	6/30/04	  	 	114.9	% 	 	N	  	Y	  	5/12/2004	  	N	  	N	  	n/a	  	 	39,509	  	  	 	3,000	  
	P0000338	  	6/30/04	  	 	105.5	% 	 	N	  	Y	  	9/15/2003	  	N	  	N	  	n/a	  	 	75,989	  	  	 	2,436	  
	P0000349	  	6/30/04	  	 	120.8	% 	 	N	  	Y	  	4/25/2004	  	N	  	N	  	n/a	  	 	46,261	  	  	 	2,751	  
	P0000350	  	6/30/04	  	 	105.2	% 	 	N	  	Y	  	5/21/2004	  	N	  	N	  	n/a	  	 	27,593	  	  	 	2,022	  
	P0000351	  	6/30/04	  	 	110.0	% 	 	N	  	Y	  	5/25/2004	  	N	  	N	  	n/a	  	 	30,000	  	  	 	2,334	  
	P0000354	  	7/7/04	  	 	97.9	% 	 	N	  	Y	  	44/6/2003	  	N	  	N	  	n/a	  	 	43,560	  	  	 	5,497	  
	P0000355	  	7/5/04	  	 	82.8	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	42,515	  	  	 	4,882	  
	P0000356	  	7/6/04	  	 	99.5	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	49,303	  	  	 	5,958	  
	P0000357	  	7/8/04	  	 	99.3	% 	 	N	  	Y	  	10/30/2003	  	N	  	N	  	n/a	  	 	46,000	  	  	 	5,706	  
	P0000358	  	6/29/04	  	 	100.1	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	43,473	  	  	 	4,979	  
	P0000359	  	7/6/04	  	 	100.7	% 	 	N	  	Y	  	10/29/2003	  	N	  	N	  	n/a	  	 	68,756	  	  	 	5,802	  
	P0000360	  	7/3/04	  	 	98.6	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	44,650	  	  	 	5,785	  
	P0000361	  	6/30/04	  	 	96.6	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	74,264	  	  	 	4,972	  
	P0000362	  	7/6/04	  	 	96.5	% 	 	N	  	Y	  	10/30/2003	  	N	  	N	  	n/a	  	 	50,500	  	  	 	5,780	  
	P0000363	  	6/30/04	  	 	96.6	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	71,925	  	  	 	4,936	  
	P0000364	  	6/29/04	  	 	97.5	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	51,400	  	  	 	5,840	  
	P0000365	  	7/5/04	  	 	99.8	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	76,023	  	  	 	5,703	  
	P0000366	  	6/28/04	  	 	99.4	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	57,455	  	  	 	5,785	  
	P0000367	  	7/3/04	  	 	98.0	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	67,500	  	  	 	5,775	  
	P0000368	  	7/7/04	  	 	97.8	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	74,051	  	  	 	5,796	  
	P0000369	  	7/6/04	  	 	95.2	% 	 	N	  	Y	  	10/29/2003	  	N	  	N	  	n/a	  	 	46,386	  	  	 	6,062	  
	P0000370	  	7/1/04	  	 	99.3	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	48,834	  	  	 	5,734	  

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000371	  	6/30/04	  	 	102.1	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	102,562	  	  	 	5,805	  
	P0000372	  	7/7/04	  	 	99.8	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	155,461	  	  	 	5,787	  
	P0000373	  	7/1/04	  	 	102.5	% 	 	N	  	Y	  	10/24/2003	  	N	  	N	  	n/a	  	 	50,000	  	  	 	5,850	  
	P0000374	  	7/5/04	  	 	96.5	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	64,938	  	  	 	5,794	  
	P0000375	  	7/3/04	  	 	97.7	% 	 	N	  	Y	  	11/6/2003	  	N	  	N	  	n/a	  	 	66,490	  	  	 	6,208	  
	P0000378	  	6/30/04	  	 	99.1	% 	 	N	  	Y	  	6/23/2004	  	N	  	N	  	n/a	  	 	30,000	  	  	 	2,336	  
	P0000379	  	6/30/04	  	 	98.3	% 	 	N	  	Y	  	5/10/2004	  	N	  	N	  	n/a	  	 	34,687	  	  	 	2,824	  
	P0000380	  	6/30/04	  	 	98.8	% 	 	N	  	Y	  	6/22/2004	  	N	  	N	  	n/a	  	 	48,330	  	  	 	2,654	  
	P0000381	  	6/30/04	  	 	98.5	% 	 	N	  	Y	  	7/20/2004	  	N	  	N	  	n/a	  	 	24,313	  	  	 	3,183	  
	P0000914	  	7/13/04	  	 	100.0	% 	 	N	  	Y	  	7/13/2004	  	N	  	N	  	n/a	  	 	315,980	  	  	 	52,500	  
	P0000915	  	7/13/04	  	 	100.0	% 	 	N	  	Y	  	7/13/2004	  	N	  	N	  	n/a	  	 	452,150	  	  	 	66,600	  
	P0000916	  	7/8/04	  	 	100.3	% 	 	N	  	Y	  	8/1/2003	  	N	  	N	  	n/a	  	 	82,764	  	  	 	22,500	  
	P0000917	  	7/9/04	  	 	97.8	% 	 	N	  	Y	  	7/27/2004	  	N	  	N	  	n/a	  	 	87,714	  	  	 	10,353	  
	P0000918	  	7/9/04	  	 	97.9	% 	 	N	  	Y	  	7/27/2004	  	N	  	N	  	n/a	  	 	69,696	  	  	 	6,752	  
	P0000919	  	8/9/04	  	 	100.2	% 	 	N	  	Y	  	7/30/2004	  	N	  	N	  	n/a	  	 	422,529	  	  	 	17,356	  
	P0000390	  	9/30/04	  	 	107.5	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	101,250	  	  	 	5,200	  
	P0000391	  	9/30/04	  	 	99.3	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	80,633	  	  	 	5,225	  
	P0000392	  	9/30/04	  	 	92.6	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	41,560	  	  	 	3,712	  
	P0000393	  	9/30/04	  	 	98.1	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	46,850	  	  	 	3,400	  
	P0000394	  	9/30/04	  	 	97.6	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	159,865	  	  	 	5,790	  
	P0000395	  	9/30/04	  	 	96.5	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	43,229	  	  	 	4,607	  
	P0000396	  	9/30/04	  	 	97.4	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	29,936	  	  	 	2,480	  
	P0000397	  	9/30/04	  	 	96.7	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	57,064	  	  	 	2,528	  
	P0000398	  	9/30/04	  	 	98.0	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	57,499	  	  	 	5,135	  
	P0000399	  	9/30/04	  	 	102.7	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	11,180	  	  	 	1,787	  
	P0000400	  	9/30/04	  	 	103.2	% 	 	N	  	Y	  	8/13/2004	  	N	  	N	  	n/a	  	 	24,975	  	  	 	2,250	  
	P0000401	  	9/30/04	  	 	102.8	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	34,848	  	  	 	2,191	  
	P0000402	  	9/30/04	  	 	102.5	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	12,800	  	  	 	1,737	  
	P0000403	  	9/30/04	  	 	105.0	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	19,032	  	  	 	2,278	  
	P0000404	  	9/30/04	  	 	99.7	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	42,438	  	  	 	2,959	  
	P0000405	  	9/30/04	  	 	103.0	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	34,020	  	  	 	2,438	  
	P0000406	  	9/30/04	  	 	103.3	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	25,270	  	  	 	2,238	  
	P0000408	  	9/30/04	  	 	101.0	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	75,794	  	  	 	1,959	  
	P0000409	  	9/30/04	  	 	108.2	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	30,056	  	  	 	3,004	  
	P0000410	  	9/30/04	  	 	102.4	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	27,878	  	  	 	2,046	  

																											
	 Property ID
	  	 Appraisal Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000411	  	9/30/04	  	 	102.9	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	40,300	  	  	 	2,589	  
	P0000412	  	9/30/04	  	 	103.4	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	26,141	  	  	 	3,251	  
	P0000415	  	9/30/04	  	 	113.2	% 	 	N	  	Y	  	9/10/2004	  	N	  	N	  	n/a	  	 	41,085	  	  	 	4,046	  
	P0000416	  	9/30/04	  	 	105.0	% 	 	N	  	Y	  	9/22/2003	  	N	  	N	  	n/a	  	 	52,097	  	  	 	6,803	  
	P0000417	  	9/30/04	  	 	104.0	% 	 	N	  	Y	  	9/10/2004	  	N	  	N	  	n/a	  	 	60,060	  	  	 	7,411	  
	P0000418	  	9/30/04	  	 	106.3	% 	 	N	  	Y	  	3/26/2004	  	N	  	N	  	n/a	  	 	54,223	  	  	 	7,396	  
	P0000419	  	9/30/04	  	 	104.0	% 	 	N	  	Y	  	9/10/2004	  	N	  	N	  	n/a	  	 	80,261	  	  	 	8,341	  
	P0000420	  	9/30/04	  	 	108.5	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	25,700	  	  	 	586	  
	P0000421	  	9/30/04	  	 	109.3	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	17,325	  	  	 	736	  
	P0000424	  	9/30/04	  	 	110.0	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	24,915	  	  	 	672	  
	P0000425	  	9/30/04	  	 	109.7	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	18,275	  	  	 	656	  
	P0000426	  	9/30/04	  	 	110.2	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	14,140	  	  	 	768	  
	P0000428	  	9/30/04	  	 	104.2	% 	 	N	  	Y	  	3/22/2004	  	N	  	N	  	n/a	  	 	17,729	  	  	 	785	  
	P0000429	  	9/30/04	  	 	107.1	% 	 	N	  	Y	  	5/25/2004	  	N	  	N	  	n/a	  	 	44,866	  	  	 	2,787	  
	P0000431	  	9/30/04	  	 	99.7	% 	 	N	  	Y	  	5/10/2004	  	N	  	N	  	n/a	  	 	29,055	  	  	 	4,099	  
	P0000432	  	9/30/04	  	 	99.8	% 	 	N	  	Y	  	5/3/2004	  	N	  	N	  	n/a	  	 	109,771	  	  	 	7,011	  
	P0000433	  	9/30/04	  	 	99.7	% 	 	N	  	Y	  	4/26/2004	  	N	  	N	  	n/a	  	 	72,658	  	  	 	5,316	  
	P0000434	  	9/30/04	  	 	97.4	% 	 	N	  	Y	  	9/11/2003	  	N	  	N	  	n/a	  	 	47,132	  	  	 	3,500	  
	P0000436	  	9/30/04	  	 	101.3	% 	 	N	  	Y	  	10/8/2003	  	N	  	N	  	n/a	  	 	41,400	  	  	 	3,180	  
	P0000437	  	9/30/04	  	 	98.0	% 	 	N	  	Y	  	9/24/2003	  	N	  	N	  	n/a	  	 	41,663	  	  	 	3,370	  
	P0000438	  	9/30/04	  	 	97.9	% 	 	N	  	Y	  	9/8/2003	  	N	  	N	  	n/a	  	 	48,196	  	  	 	3,700	  
	P0000439	  	9/30/04	  	 	101.4	% 	 	N	  	Y	  	10/8/2003	  	N	  	N	  	n/a	  	 	55,102	  	  	 	2,864	  
	P0000440	  	9/30/04	  	 	97.9	% 	 	N	  	Y	  	9/24/2003	  	N	  	N	  	n/a	  	 	40,000	  	  	 	3,136	  
	P0000442	  	9/30/04	  	 	100.9	% 	 	N	  	Y	  	9/19/2003	  	N	  	N	  	n/a	  	 	43,581	  	  	 	3,291	  
	P0000443	  	9/30/04	  	 	105.2	% 	 	N	  	Y	  	10/8/2003	  	N	  	N	  	n/a	  	 	45,302	  	  	 	3,415	  
	P0000446	  	9/30/04	  	 	100.8	% 	 	N	  	Y	  	9/17/2003	  	N	  	N	  	n/a	  	 	38,997	  	  	 	2,750	  
	P0000449	  	9/30/04	  	 	101.0	% 	 	N	  	Y	  	9/19/2003	  	N	  	N	  	n/a	  	 	27,230	  	  	 	3,400	  
	P0000450	  	9/30/04	  	 	101.6	% 	 	N	  	Y	  	10/1/2003	  	N	  	N	  	n/a	  	 	27,351	  	  	 	3,221	  
	P0000451	  	9/30/04	  	 	98.1	% 	 	N	  	Y	  	9/30/2003	  	N	  	N	  	n/a	  	 	40,000	  	  	 	3,718	  
	P0000453	  	9/30/04	  	 	98.0	% 	 	N	  	Y	  	10/8/2003	  	N	  	N	  	n/a	  	 	44,400	  	  	 	3,447	  
	P0000454	  	9/30/04	  	 	101.1	% 	 	N	  	Y	  	9/19/2003	  	N	  	N	  	n/a	  	 	36,590	  	  	 	4,099	  
	P0000455	  	9/30/04	  	 	101.9	% 	 	N	  	Y	  	10/1/2003	  	N	  	N	  	n/a	  	 	47,916	  	  	 	3,316	  
	P0000456	  	9/30/04	  	 	102.9	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	27,998	  	  	 	2,643	  
	P0000457	  	9/30/04	  	 	103.7	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	27,559	  	  	 	2,681	  
	P0000459	  	9/30/04	  	 	103.1	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	20,928	  	  	 	1,845	  

																											
	 Property ID
	  	 Appraisal

Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II

Result
	  	Land SF	 	  	Building SF	 
	P0000920	  	9/14/04	  	 	95.5	% 	 	N	  	Y	  	9/1/2004	  	N	  	N	  	n/a	  	 	360,280	  	  	 	87,663	  
	P0000921	  	9/21/04	  	 	100.4	% 	 	N	  	Y	  	10/4/2004	  	N	  	N	  	n/a	  	 	416,434	  	  	 	46,000	  
	P0000922	  	9/30/04	  	 	100.4	% 	 	N	  	Y	  	9/23/2004	  	Not Required	  	n/a	  	n/a	  	 	87,307	  	  	 	10,800	  
	P0000923	  	9/30/04	  	 	100.4	% 	 	N	  	Y	  	9/27/2004	  	Not Required	  	n/a	  	n/a	  	 	79,828	  	  	 	6,785	  
	P0000924	  	9/30/04	  	 	100.5	% 	 	N	  	Y	  	9/27/2004	  	N	  	N	  	n/a	  	 	106,125	  	  	 	11,290	  
	P0000925	  	9/30/04	  	 	100.4	% 	 	N	  	Y	  	9/24/2004	  	N	  	N	  	n/a	  	 	117,019	  	  	 	13,453	  
	P0000926	  	9/30/04	  	 	98.8	% 	 	N	  	Y	  	9/24/2004	  	N	  	N	  	n/a	  	 	33,454	  	  	 	2,304	  
	P0000927	  	9/30/04	  	 	98.8	% 	 	N	  	Y	  	9/24/2004	  	N	  	N	  	n/a	  	 	32,111	  	  	 	2,557	  
	P0000928	  	9/30/04	  	 	98.8	% 	 	N	  	Y	  	9/24/2004	  	N	  	N	  	n/a	  	 	25,911	  	  	 	2,273	  
	P0000929	  	9/30/04	  	 	98.8	% 	 	N	  	Y	  	9/24/2004	  	N	  	N	  	n/a	  	 	37,026	  	  	 	2,273	  
	P0000930	  	11/4/04	  	 	95.5	% 	 	N	  	Y	  	4/30/2004	  	N	  	N	  	n/a	  	 	181,579	  	  	 	50,496	  
	P0000931	  	9/30/04	  	 	101.3	% 	 	N	  	Y	  	9/21/2004	  	N	  	N	  	n/a	  	 	275,735	  	  	 	52,201	  
	P0000932	  	10/17/04	  	 	99.5	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	135,820	  	  	 	46,375	  
	P0000933	  	10/13/04	  	 	98.3	% 	 	N	  	Y	  	10/22/2004	  	N	  	N	  	n/a	  	 	231,335	  	  	 	90,804	  
	P0000934	  	10/27/04	  	 	99.7	% 	 	N	  	Y	  	11/3/2004	  	N	  	N	  	n/a	  	 	65,293	  	  	 	65,293	  
	P0000935	  	10/19/04	  	 	100.3	% 	 	N	  	Y	  	11/1/2004	  	N	  	N	  	n/a	  	 	336,719	  	  	 	26,731	  
	P0000936	  	12/1/04	  	 	95.4	% 	 	N	  	Y	  	3/30/2004	  	N	  	N	  	n/a	  	 	308,832	  	  	 	66,330	  
	P0000937	  	9/30/04	  	 	99.8	% 	 	N	  	Y	  	12/7/2004	  	N	  	Not Required	  	n/a	  	 	17,219	  	  	 	1,254	  
	P0000938	  	9/30/04	  	 	99.0	% 	 	N	  	Y	  	9/28/2004	  	N	  	N	  	n/a	  	 	23,610	  	  	 	1,254	  
	P0000939	  	9/30/04	  	 	99.6	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	22,499	  	  	 	1,276	  
	P0000940	  	9/30/04	  	 	101.2	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	36,860	  	  	 	1,254	  
	P0000941	  	9/30/04	  	 	101.5	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	31,498	  	  	 	1,254	  
	P0000942	  	9/30/04	  	 	101.8	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	39,962	  	  	 	1,254	  
	P0000943	  	9/30/04	  	 	101.1	% 	 	N	  	Y	  	9/28/2004	  	N	  	N	  	n/a	  	 	23,566	  	  	 	1,100	  
	P0000944	  	9/30/04	  	 	100.6	% 	 	N	  	Y	  	9/28/2004	  	N	  	N	  	n/a	  	 	41,604	  	  	 	1,254	  
	P0000945	  	9/30/04	  	 	100.8	% 	 	N	  	Y	  	9/28/2004	  	N	  	N	  	n/a	  	 	23,305	  	  	 	1,144	  
	P0000946	  	9/30/04	  	 	100.9	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	26,284	  	  	 	1,254	  
	P0000947	  	9/30/04	  	 	100.5	% 	 	N	  	Y	  	9/22/2004	  	N	  	N	  	n/a	  	 	27,007	  	  	 	1,254	  
	P0000948	  	9/30/04	  	 	101.0	% 	 	N	  	Y	  	9/22/2004	  	N	  	N	  	n/a	  	 	24,394	  	  	 	1,144	  
	P0000949	  	9/30/04	  	 	101.2	% 	 	N	  	Y	  	9/30/2004	  	N	  	N	  	n/a	  	 	30,274	  	  	 	1,276	  
	P0000950	  	9/30/04	  	 	101.2	% 	 	N	  	Y	  	9/28/2004	  	N	  	N	  	n/a	  	 	22,782	  	  	 	1,144	  
	P0000951	  	11/17/04	  	 	100.0	% 	 	N	  	Y	  	11/23/2004	  	N	  	N	  	n/a	  	 	478,289	  	  	 	86,200	  
	P0000952	  	11/4/04	  	 	95.5	% 	 	N	  	Y	  	3/16/2004	  	N	  	N	  	n/a	  	 	390,035	  	  	 	65,556	  
	P0000953	  	10/27/04	  	 	90.5	% 	 	N	  	Y	  	11/17/2004	  	N	  	N	  	n/a	  	 	39,380	  	  	 	7,952	  
	P0000954	  	11/9/04	  	 	90.5	% 	 	N	  	Y	  	11/15/2004	  	N	  	N	  	n/a	  	 	29,033	  	  	 	8,178	  

																											
	 Property ID
	  	 Appraisal

Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000955	  	10/19/04	  	 	94.2	% 	 	N	  	Y	  	11/17/2004	  	N	  	N	  	n/a	  	 	106,356	  	  	 	11,138	  
	P0000956	  	11/9/04	  	 	90.4	% 	 	N	  	Y	  	11/22/2004	  	N	  	N	  	n/a	  	 	40,634	  	  	 	11,260	  
	P0000957	  	10/20/04	  	 	89.9	% 	 	N	  	Y	  	11/17/2004	  	N	  	N	  	n/a	  	 	17,930	  	  	 	6,800	  
	P0000958	  	11/10/04	  	 	90.5	% 	 	N	  	Y	  	11/16/2004	  	N	  	N	  	n/a	  	 	40,587	  	  	 	11,034	  
	P0000959	  	10/26/04	  	 	90.4	% 	 	N	  	Y	  	11/18/2004	  	N	  	N	  	n/a	  	 	85,785	  	  	 	11,215	  
	P0000960	  	9/30/04	  	 	77.4	% 	 	N	  	Y	  	12/2/2004	  	N	  	N	  	n/a	  	 	52,668	  	  	 	1,254	  
	P0000961	  	12/3/04	  	 	99.1	% 	 	N	  	Y	  	12/29/2004	  	N	  	N	  	n/a	  	 	16,500	  	  	 	3,504	  
	P0000962	  	11/17/04	  	 	103.9	% 	 	N	  	Y	  	12/29/2004	  	N	  	N	  	n/a	  	 	100,062	  	  	 	6,000	  
	P0000963	  	1/31/05	  	 	102.4	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	146,362	  	  	 	15,072	  
	P0000964	  	1/31/05	  	 	101.4	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	86,249	  	  	 	27,623	  
	P0000965	  	1/31/05	  	 	102.6	% 	 	N	  	Y	  	10/1/2004	  	Y	  	12/6/2004	  	No further [ILLEGIBLE]	  	 	140,699	  	  	 	12,082	  
	P0000966	  	11/30/04	  	 	93.6	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	185,242	  	  	 	10,037	  
	P0000967	  	1/31/05	  	 	103.2	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	135,036	  	  	 	25,219	  
	P0000968	  	1/31/05	  	 	102.6	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	432,986	  	  	 	36,044	  
	P0000969	  	1/31/05	  	 	98.7	% 	 	N	  	Y	  	10/1/2004	  	Y	  	12/6/2004	  	No further [ILLEGIBLE]	  	 	345,431	  	  	 	66,266	  
	P0000970	  	1/31/05	  	 	101.1	% 	 	N	  	Y	  	10/1/2004	  	Y	  	12/6/2004	  	No further [ILLEGIBLE]	  	 	278,695	  	  	 	41,805	  
	P0000971	  	1/31/05	  	 	98.0	% 	 	N	  	Y	  	9/16/2004	  	N	  	N	  	n/a	  	 	178,160	  	  	 	23,500	  
	P0000972	  	1/31/05	  	 	100.8	% 	 	N	  	Y	  	10/6/2004	  	N	  	N	  	n/a	  	 	165,528	  	  	 	12,015	  
	P0000973	  	1/31/05	  	 	101.5	% 	 	N	  	Y	  	10/6/2004	  	Y	  	12/8/2004	  	No further [ILLEGIBLE]	  	 	138,521	  	  	 	10,051	  
	P0000673	  	1/31/05	  	 	100.1	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	15,601	  	  	 	3,742	  
	P0000675	  	1/31/05	  	 	103.8	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	22,645	  	  	 	1,993	  
	P0000676	  	1/31/05	  	 	102.8	% 	 	N	  	Y	  	9/2/2004	  	N	  	N	  	n/a	  	 	33,923	  	  	 	2,441	  
	P0000677	  	1/31/05	  	 	103.3	% 	 	N	  	Y	  	8/27/2004	  	N	  	N	  	n/a	  	 	35,987	  	  	 	2,920	  
	P0000678	  	1/31/05	  	 	105.6	% 	 	N	  	Y	  	9/2/2004	  	N	  	N	  	n/a	  	 	26,223	  	  	 	5,880	  
	P0000679	  	1/31/05	  	 	103.0	% 	 	N	  	Y	  	9/2/2004	  	N	  	N	  	n/a	  	 	18,358	  	  	 	1,779	  
	P0000680	  	1/31/05	  	 	96.0	% 	 	N	  	Y	  	11/9/2004	  	N .	  	N	  	n/a	  	 	64,904	  	  	 	4,285	  
	P0000681	  	1/31/05	  	 	102.8	% 	 	N	  	Y	  	11/11/2004	  	N	  	N	  	n/a	  	 	69,373	  	  	 	7,344	  
	P0000682	  	1/31/05	  	 	102.1	% 	 	N	  	Y	  	11/11/2004	  	N	  	N	  	n/a	  	 	61,707	  	  	 	5,010	  
	P0000683	  	1/31/05	  	 	102.7	% 	 	N	  	Y	  	12/6/2004	  	N	  	N	  	n/a	  	 	45,302	  	  	 	4,420	  
	P0000685	  	1/31/05	  	 	102.1	% 	 	N	  	Y	  	12/5/2003	  	N	  	N	  	n/a	  	 	54,450	  	  	 	4,038	  
	P0000687	  	1/31/05	  	 	102.1	% 	 	N	  	Y	  	11/12/2004	  	N	  	N	  	n/a	  	 	18,750	  	  	 	2,542	  
	P0000688	  	1/31/05	  	 	99.4	% 	 	N	  	Y	  	11/12/2004	  	N	  	N	  	n/a	  	 	40,024	  	  	 	4,492	  
	P0000689	  	1/31/05	  	 	98.7	% 	 	N	  	Y	  	11/8/2004	  	N	  	N	  	n/a	  	 	47,960	  	  	 	4,177	  
	P0000691	  	1/31/05	  	 	98.7	% 	 	N	  	Y	  	11/12/2004	  	N	  	N	  	n/a	  	 	10,018	  	  	 	2,152	  
	P0000692	  	1/31/05	  	 	104.5	% 	 	N	  	Y	  	9/2/2004	  	N	  	N	  	n/a	  	 	31,743	  	  	 	2,694	  

																											
	 Property ID
	  	 Appraisal

Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance
Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000974	  	10/27/04	  	 	97.3	% 	 	N	  	Y	  	11/18/2004	  	N	  	N	  	n/a	  	 	66,300	  	  	 	12,720	  
	P0000975	  	10/1/04	  	 	98.6	% 	 	N	  	Y	  	1/24/2005	  	N	  	N	  	n/a	  	 	186,467	  	  	 	48,702	  
	P0000976	  	1/19/05	  	 	100.0	% 	 	N	  	Y	  	1/28/2005	  	N	  	N	  	n/a	  	 	78,408	  	  	 	9,418	  
	P0000977	  	1/22/05	  	 	99.9	% 	 	N	  	Y	  	1/19/2005	  	Y	  	Not Required	  	No further [ILLEGIBLE]	  	 	141,503	  	  	 	38,611	  
	P0000978	  	1/19/05	  	 	99.9	% 	 	N	  	Y	  	1/28/2005	  	N	  	N	  	n/a	  	 	183,330	  	  	 	19,378	  
	P0000979	  	1/13/05	  	 	101.1	% 	 	N	  	Y	  	1/28/2005	  	N	  	N	  	n/a	  	 	125,480	  	  	 	29,434	  
	P0000980	  	1/12/05	  	 	101.2	% 	 	N	  	Y	  	2/24/2005	  	N	  	Not Required	  	n/a	  	 	154,986	  	  	 	71,325	  
	P0000706	  	3/2/05	  	 	100.0	% 	 	N	  	Y	  	3/3/2005	  	N	  	Not Required	  	n/a	  	 	69,696	  	  	 	8,880	  
	P0000707	  	3/10/05	  	 	102.6	% 	 	N	  	Y	  	3/21/2005	  	N	  	Not Required	  	n/a	  	 	146,797	  	  	 	10,480	  
	P0000708	  	3/18/05	  	 	99.0	% 	 	N	  	Y	  	3/24/2005	  	N	  	Not Required	  	n/a	  	 	77,817	  	  	 	12,000	  
	P0000709	  	3/17/05	  	 	99.5	% 	 	N	  	Y	  	3/24/2005	  	N	  	Not Required	  	n/a	  	 	69,652	  	  	 	12,000	  
	P0000710	  	3/18/05	  	 	100.7	% 	 	N	  	Y	  	3/24/2005	  	N	  	Not Required	  	n/a	  	 	10,000	  	  	 	66,876	  
	P0000711	  	3/18/05	  	 	99.3	% 	 	N	  	Y	  	3/24/2005	  	N	  	Not Required	  	n/a	  	 	86,249	  	  	 	13,000	  
	P0000730	  	4/8/05	  	 	101.1	% 	 	N	  	Y	  	4/1/2005	  	N	  	n/a	  	n/a	  	 	394,043	  	  	 	103,631	  
	P0000731	  	4/8/05	  	 	101.1	% 	 	N	  	Y	  	4/1/2005	  	N	  	n/a	  	n/a	  	 	216,867	  	  	 	98,824	  
	P0000732	  	4/25/05	  	 	100.8	% 	 	N	  	Y	  	4/22/2005	  	N	  	Not Required	  	n/a	  	 	104,094	  	  	 	23,500	  
	P0000737	  	4/25/05	  	 	100.1	% 	 	N	  	Y	  	4/27/2005	  	N	  	Not Required	  	n/a	  	 	98,692	  	  	 	1,999	  
	P0000738	  	4/11/05	  	 	76.9	% 	 	N	  	Y	  	4/26/2005	  	N	  	Not Required	  	N/A	  	 	33,400	  	  	 	9,375	  
	P0000747	  	5/17/05	  	 	100.8	% 	 	N	  	Y	  	1/17/2005	  	N	  	Not Required	  	N/A	  	 	132,161	  	  	 	33,734	  
	P0000748	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	46,384	  	  	 	3,258	  
	P0000749	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	24,281	  	  	 	2,964	  
	P0000750	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	43,702	  	  	 	2,761	  
	P0000751	  	4/11/05	  	 	94.4	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	35,411	  	  	 	3,231	  
	P0000752	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	32,261	  	  	 	2,700	  
	P0000753	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	3,125	  	  	 	2,000	  
	P0000754	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	17,340	  	  	 	1,434	  
	P0000755	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	12,500	  	  	 	2,040	  
	P0000756	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	33,541	  	  	 	2,275	  
	P0000757	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	22,266	  	  	 	2,065	  
	P0000758	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	14,000	  	  	 	1,830	  
	P0000759	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	41,160	  	  	 	3,254	  
	P0000760	  	4/11/05	  	 	94.4	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	45,000	  	  	 	4,176	  
	P0000761	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	Y	  	5/6/2005	  	No further [ILLEGIBLE]	  	 	12,616	  	  	 	1,377	  
	P0000762	  	4/11/05	  	 	94.7	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	11,500	  	  	 	1,830	  
	P0000763	  	4/11/05	  	 	91.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	30,052	  	  	 	2,789	  

																											
	 Property ID
	  	 Appraisal

Date
	  	Investment
Amt as % of
MAI	 	 	 Environmental
Insurance

Policy
	  	 Phase I (Y/N)
	  	 Phase I Date
	  	 Phase II

(Y/N)
	  	 Phase II Date
	  	 Phase II
Result
	  	Land SF	 	  	Building SF	 
	P0000764	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	28,910	  	  	 	2,757	  
	P0000765	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	13,050	  	  	 	2,108	  
	P0000766	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	29,603	  	  	 	2,815	  
	P0000767	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	29,621	  	  	 	2,918	  
	P0000768	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	36,300	  	  	 	1,676	  
	P0000769	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	40,608	  	  	 	3,153	  
	P0000770	  	4/11/05	  	 	94.5	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	36,372	  	  	 	2,457	  
	P0000771	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	Y	  	5/6/2005	  	No further [ILLEGIBLE]	  	 	22,485	  	  	 	1,363	  
	P0000772	  	4/11/05	  	 	94.6	% 	 	N	  	Y	  	4/2005	  	N	  	Not Required	  	N/A	  	 	10,399	  	  	 	1,346	  

																													
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	
Collateral Type
(Land/Bldg/Bus
Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease

Expiration

Date
	 	 Rent
Commencement
Date
	 	Lease Term
(Months)	 	 	Current Lease 
Age
(Months-Based on
Rent Comm.
Date
to 1-06)	 	 	Remaining
Lease Term
(As of 1-2006)	 
	E000787	 	n/a	 	n/a	 	Equipment	 		 	2,000,000.00	 	5/24/2005	 	7/1/2015	 	5/24/2005	 	 	120	  	 	 	7	  	 	 	113	  
	P0000891	 	2001	 	n/a	 	Land & Building	 	n/a	 		 	12/23/2003	 	12/22/2018	 	12/23/2003	 	 	179	  	 	 	25	  	 	 	154	  
	P0000892	 	2001	 	n/a	 	Land & Building	 	n/a	 		 	12/23/2003	 	12/22/2018	 	12/23/2003	 	 	179	  	 	 	25	  	 	 	154	  
	P0000893	 	2001	 	n/a	 	Land & Building	 	n/a	 		 	12/23/2003	 	12/22/2018	 	12/23/2003	 	 	179	  	 	 	25	  	 	 	154	  
	P0000894	 	2001	 	n/a	 	Land & Building	 	n/a	 		 	12/23/2003	 	12/22/2018	 	12/23/2003	 	 	179	  	 	 	25	  	 	 	154	  
	P0000981	 	1978	 	n/a	 	Land & Building	 		 	121,031.59	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000982	 	1978	 	n/a	 	Land & Building	 		 	121,031.59	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000983	 	1977	 	n/a	 	Land & Building	 		 	145,236.96	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000984	 	1977	 	n/a	 	Land & Building	 		 	276,635.76	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000985	 	1978	 	n/a	 	Land & Building	 		 	283,554.42	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000986	 	1978	 	n/a	 	Land & Building	 		 	235,142.81	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000987	 	1979	 	n/a	 	Land & Building	 		 	133,136.20	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000988	 	1979	 	n/a	 	Land & Building	 		 	267,992.86	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000989	 	1981	 	n/a	 	Land & Building	 		 	300,844.55	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000990	 	1995	 	n/a	 	Land & Building	 		 	314,674.75	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000991	 	1983	 	n/a	 	Land & Building	 		 	283,554.42	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000992	 	1984	 	n/a	 	Land & Building	 		 	198,833.84	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000993	 	1979	 	n/a	 	Land & Building	 		 	224,776.63	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000994	 	1979	 	n/a	 	Land & Building	 		 	224,776.63	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000995	 	1985	 	n/a	 	Land & Building	 		 	224,776.63	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000996	 	1984	 	n/a	 	Land & Building	 		 	152,152.49	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000997	 	1985	 	n/a	 	Land & Building	 		 	129,673.62	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000998	 	1985	 	n/a	 	Land & Building	 		 	297,380.64	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0000999	 	1986	 	n/a	 	Land & Building	 		 	121,031.59	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001000	 	1986	 	n/a	 	Land & Building	 		 	250,705.54	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001001	 	1987	 	n/a	 	Land & Building	 		 	131,404.59	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001002	 	1987	 	n/a	 	Land & Building	 		 	238,603.82	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001003	 	1977	 	n/a	 	Land & Building	 		 	207,473.87	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001004	 	1986	 	n/a	 	Land & Building	 		 	155,608.20	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001005	 	1985	 	n/a	 	Land & Building	 		 	184,999.39	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001006	 	1978	 	n/a	 	Land & Building	 		 	212,668.53	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001007	 	1998	 	n/a	 	Land & Building	 		 	293,924.26	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001008	 	1999	 	n/a	 	Land & Building	 		 	216,127.38	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001009	 	1999	 	n/a	 	Land & Building	 		 	127,942.08	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  
	P0001010	 	1999	 	n/a	 	Land & Building	 		 	311,226.63	 	6/12/2001	 	7/1/2021	 	6/12/2001	 	 	240	  	 	 	55	  	 	 	185	  

																									
	 Property ID
	  	 Year Built
	  	Year
Renovated if
any	  	
Collateral Type
(Land/Bldg/Bus
Val)
	  	 Balloon if any
	  	 Lease Term
Start Date
	  	 Lease
Expiration
Date
	  	 Rent
Commencement
Date
	  	 Lease Term
(Months)
	  	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	  	Remaining
Lease Term
(As of 1-2006)	 
	P0001011	  	2000	  	n/a	  	Land & Building	  	121,031.59	  	6/12/2001	  	7/1/2021	  	6/12/2001	  	240	  	 	55	  	  	 	185	  
	P0001012	  	1982	  	n/a	  	Building	  	n/a	  	6/12/2001	  	7/1/2016	  	6/12/2001	  	180	  	 	55	  	  	 	125	  
	P0001013	  	1985	  	n/a	  	Building	  	n/a	  	6/12/2001	  	7/1/2016	  	6/12/2001	  	180	  	 	55	  	  	 	125	  
	P0001014	  	1986	  	n/a	  	Building	  	n/a	  	6/12/2001	  	12/1/2011	  	6/12/2001	  	125	  	 	55	  	  	 	70	  
	P0001015	  	1999	  	n/a	  	Building	  	n/a	  	6/12/2001	  	7/1/2016	  	6/12/2001	  	180	  	 	55	  	  	 	125	  
	P0001016	  	1995	  	n/a	  	Land & Building	  	117,779.50	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001017	  	1996	  	n/a	  	Land & Building	  	174,753.31	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001018	  	1998	  	n/a	  	Land & Building	  	312,455.50	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001019	  	1999	  	n/a	  	Land & Building	  	220,884.79	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001020	  	1991	  	n/a	  	Land & Building	  	209,702.52	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001021	  	1996	  	n/a	  	Land & Building	  	288,686.70	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001022	  	1997	  	n/a	  	Land & Building	  	218,437.68	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001023	  	1999	  	n/a	  	Land & Building	  	224,731.94	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001024	  	1998	  	n/a	  	Land & Building	  	191,173.62	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001025	  	1998	  	n/a	  	Land & Building	  	290,785.94	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001026	  	1989	  	n/a	  	Land & Building	  	154,828.63	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001027	  	1995	  	n/a	  	Land & Building	  	214,242.03	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001028	  	1995	  	n/a	  	Land & Building	  	222,631.05	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001029	  	1998	  	n/a	  	Land & Building	  	223,677.17	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001030	  	1995	  	n/a	  	Land & Building	  	188,729.33	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001031	  	1995	  	n/a	  	Land & Building	  	173,354.61	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001032	  	1996	  	n/a	  	Land & Building	  	200,963.76	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001033	  	1998	  	n/a	  	Land & Building	  	219,838.29	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001034	  	1998	  	n/a	  	Land & Building	  	210,749.29	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001035	  	1998	  	n/a	  	Land & Building	  	239,407.06	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001036	  	1998	  	n/a	  	Land & Building	  	163,915.63	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001037	  	1999	  	n/a	  	Land & Building	  	264,218.32	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001038	  	1998	  	n/a	  	Land & Building	  	255,838.76	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001039	  	1997	  	n/a	  	Land & Building	  	206,903.35	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001040	  	1997	  	n/a	  	Land & Building	  	262,826.87	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001041	  	1997	  	n/a	  	Land & Building	  	308,262.45	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001042	  	1998	  	n/a	  	Land & Building	  	227,877.36	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001043	  	1998	  	n/a	  	Land & Building	  	230,324.25	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001044	  	1998	  	n/a	  	Land & Building	  	240,452.65	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  
	P0001045	  	1998	  	n/a	  	Land & Building	  	184,189.04	  	2/27/2001	  	3/1/2021	  	2/27/2001	  	240	  	 	59	  	  	 	181	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral
Type
(Land/Bldg/Bus
Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease
Expiration
Date
	 	 Rent
Commencement
Date
	 	 Lease Term
(Months)
	 	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	 	Remaining
Lease Term
(As of 1-2006)	 
	P0001046	 	1965	 	n/a	 	Land & Building	 	227,177.25	 	2/27/2001	 	3/1/2021	 	2/27/2001	 	240	 	 	59	  	 	 	181	  
	P0001047	 	1996	 	n/a	 	Land & Building	 	120,226.73	 	2/27/2001	 	3/1/2021	 	2/27/2001	 	240	 	 	59	  	 	 	181	  
	P0000895	 	1997	 	n/a	 	Land & Building	 	n/a	 	2/23/2004	 	2/22/2024	 	2/23/2004	 	239	 	 	23	  	 	 	216	  
	P0000896	 	1986	 	2002	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000897	 	1978	 	2002	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000898	 	1984	 	n/a	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000899	 	1975	 	1998	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000900	 	1977	 	n/a	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000901	 	1979	 	n/a	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000902	 	1979	 	2001	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000903	 	1987	 	2001	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000904	 	1981	 	2001	 	Land & Building	 	n/a	 	3/31/2004	 	3/31/2019	 	3/31/2004	 	180	 	 	22	  	 	 	158	  
	P0000905	 	2004	 	n/a	 	Land & Building	 	n/a	 	4/23/2004	 	4/30/2019	 	4/23/2004	 	180	 	 	21	  	 	 	159	  
	P0000906	 	1997	 	n/a	 	Land & Building	 	n/a	 	12/19/1997	 	12/18/2017	 	12/19/1997	 	239	 	 	97	  	 	 	142	  
	P0000907	 	1994	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000908	 	1996	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000909	 	2000	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000910	 	1970	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000911	 	1983	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000912	 	1977	 	n/a	 	Land & Building	 	n/a	 	6/15/2004	 	6/30/2021	 	6/15/2004	 	204	 	 	19	  	 	 	185	  
	P0000913	 	1950	 	1995	 	Land & Building	 	n/a	 	6/28/2004	 	6/30/2024	 	6/28/2004	 	240	 	 	19	  	 	 	221	  
	P0000300	 	1999	 	n/a	 	Land	 	n/a	 	4/1/2000	 	3/31/2015	 	4/1/2000	 	179	 	 	69	  	 	 	110	  
	P0000301	 	2000	 	n/a	 	Land	 	n/a	 	5/15/2000	 	5/14/2015	 	5/15/2000	 	179	 	 	68	  	 	 	111	  
	P0000302	 	1972	 	n/a	 	Land & Building	 	n/a	 	4/18/1995	 	4/18/2015	 	4/18/1995	 	240	 	 	130	  	 	 	110	  
	P0000303	 	1990	 	n/a	 	Land & Building	 	n/a	 	4/18/1995	 	4/18/2015	 	4/18/1995	 	240	 	 	130	  	 	 	110	  
	P0000304	 	1987	 	n/a	 	Land & Building	 	n/a	 	4/18/1995	 	4/18/2015	 	4/18/1995	 	240	 	 	130	  	 	 	110	  
	P0000305	 	1997	 	n/a	 	Land & Building	 	n/a	 	4/18/1995	 	4/18/2015	 	4/18/1995	 	240	 	 	130	  	 	 	110	  
	P0000306	 	1998	 	n/a	 	Land & Building	 	n/a	 	2/11/1998	 	2/10/2018	 	2/11/1998	 	239	 	 	95	  	 	 	144	  
	P0000309	 	1971	 	n/a	 	Land & Building	 	n/a	 	12/23/1997	 	12/31/2017	 	12/23/1997	 	240	 	 	97	  	 	 	143	  
	P0000310	 	1991	 	n/a	 	Land & Building	 	n/a	 	12/23/1997	 	12/31/2017	 	12/23/1997	 	240	 	 	97	  	 	 	143	  
	P0000311	 	1988	 	n/a	 	Land & Building	 	n/a	 	12/23/1997	 	12/31/2017	 	12/23/1997	 	240	 	 	97	  	 	 	143	  
	P0000312	 	1996	 	n/a	 	Land & Building	 	n/a	 	12/23/1997	 	12/31/2017	 	12/23/1997	 	240	 	 	97	  	 	 	143	  
	P0000313	 	1997	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  
	P0000314	 	1996	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  
	P0000315	 	1990	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	
Collateral Type
(Land/BIdg/Bus
Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease
Expiration
Date
	 	 Rent
Commencement
Date
	 	 Lease Term
(Months)
	 	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	 	Remaining
Lease Term
(As of 1-2006)	 
	P0000316	 	1975	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  
	P0000317	 	1995	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  
	P0000318	 	1992	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/31/2023	 	4/1/2003	 	239	 	 	33	  	 	 	206	  
	P0000319	 	1999	 	n/a	 	Land & Building	 	n/a	 	7/20/1999	 	7/20/2019	 	7/20/1999	 	240	 	 	79	  	 	 	161	  
	P0000323	 	1998	 	n/a	 	Land & Building	 	n/a	 	10/14/1998	 	10/1/2013	 	10/14/1998	 	179	 	 	87	  	 	 	92	  
	P0000324	 	1973	 	n/a	 	Land	 	n/a	 	1/20/1986	 	1/31/2016	 	1/20/1986	 	360	 	 	240	  	 	 	120	  
	P0000326	 	1979	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/8/2019	 	3/8/1999	 	240	 	 	83	  	 	 	157	  
	P0000327	 	1977	 	n/a	 	Land & Building	 	n/a	 	8/16/1994	 	8/31/2014	 	8/16/1994	 	240	 	 	137	  	 	 	103	  
	P0000328	 	1983	 	n/a	 	Land & Building	 	n/a	 	8/16/1994	 	8/31/2014	 	8/16/1994	 	240	 	 	137	  	 	 	103	  
	P0000329	 	1985	 	n/a	 	Land & Building	 	n/a	 	8/16/1994	 	8/31/2014	 	8/16/1994	 	240	 	 	137	  	 	 	103	  
	P0000330	 	1996	 	n/a	 	Land & Building	 	n/a	 	4/1/1996	 	6/30/2015	 	4/1/1996	 	230	 	 	117	  	 	 	113	  
	P0000331	 	1995	 	n/a	 	Land & Building	 	n/a	 	4/28/1995	 	3/28/2015	 	4/28/1995	 	239	 	 	129	  	 	 	110	  
	P0000332	 	1994	 	n/a	 	Land & Building	 	n/a	 	4/28/1995	 	3/28/2015	 	4/28/1995	 	239	 	 	129	  	 	 	110	  
	P0000336	 	1996	 	n/a	 	Land & Building	 	n/a	 	9/24/1996	 	6/30/2016	 	9/24/1996	 	237	 	 	112	  	 	 	125	  
	P0000338	 	1997	 	n/a	 	Land & Building	 	n/a	 	10/14/1996	 	10/14/2016	 	10/14/1996	 	240	 	 	112	  	 	 	128	  
	P0000349	 	1998	 	n/a	 	Land & Building	 	n/a	 	10/23/1998	 	10/22/2018	 	10/23/1998	 	239	 	 	87	  	 	 	152	  
	P0000350	 	1989	 	n/a	 	Land & Building	 	n/a	 	1/28/1999	 	6/8/2019	 	1/28/1999	 	244	 	 	84	  	 	 	160	  
	P0000351	 	1991	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/7/2019	 	3/8/1999	 	239	 	 	82	  	 	 	157	  
	P0000354	 	1997	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000355	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000356	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000357	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000358	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000359	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000360	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000361	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000362	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000363	 	1996	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000364	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000365	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000366	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000367	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000368	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000369	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000370	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	
Collateral Type
(Land/Bldg/Bus
Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease
Expiration
Date
	 	 Rent
Commencement
Date
	 	 Lease Term
(Months)
	 	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	 	Remaining
Lease Term
(As of 1-2006)	 
	P0000371	 	1990	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000372	 	1995	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000373	 	1994	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000374	 	1994	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000375	 	1994	 	n/a	 	Land & Building	 	n/a	 	11/24/1998	 	5/31/2017	 	11/24/1998	 	222	 	 	86	  	 	 	136	  
	P0000378	 	1978	 	n/a	 	Land & Building	 	n/a	 	12/19/1997	 	12/31/2017	 	12/19/1997	 	240	 	 	97	  	 	 	143	  
	P0000379	 	1984	 	n/a	 	Land & Building	 	n/a	 	8/3/1995	 	8/31/2015	 	8/3/1995	 	240	 	 	125	  	 	 	115	  
	P0000380	 	1977	 	n/a	 	Land & Building	 	n/a	 	7/7/1998	 	7/31/2018	 	7/7/1998	 	240	 	 	90	  	 	 	150	  
	P0000381	 	2000	 	n/a	 	Land	 	n/a	 	6/15/2000	 	6/15/2015	 	6/15/2000	 	180	 	 	68	  	 	 	112	  
	P0000914	 	2003	 	n/a	 	Land & Building	 	n/a	 	7/29/2004	 	12/31/2019	 	7/29/2004	 	185	 	 	18	  	 	 	167	  
	P0000915	 	1999	 	n/a	 	Land & Building	 	n/a	 	7/29/2004	 	12/31/2019	 	7/29/2004	 	185	 	 	18	  	 	 	167	  
	P0000916	 	2004	 	n/a	 	Land & Building	 	n/a	 	7/29/2004	 	7/31/2019	 	7/29/2004	 	180	 	 	18	  	 	 	162	  
	P0000917	 	2000	 	n/a	 	Land & Building	 	n/a	 	8/18/2004	 	8/31/2019	 	8/18/2004	 	180	 	 	17	  	 	 	163	  
	P0000918	 	1998	 	n/a	 	Land & Building	 	n/a	 	8/18/2004	 	8/31/2019	 	8/18/2004	 	180	 	 	17	  	 	 	163	  
	P0000919	 	2004	 	n/a	 	Land & Building	 	n/a	 	8/12/2004	 	8/31/2019	 	8/12/2004	 	180	 	 	17	  	 	 	163	  
	P0000390	 	n/a	 	n/a	 	Land & Building	 	n/a	 	3/31/1999	 	3/1/2019	 	3/31/1999	 	239	 	 	82	  	 	 	157	  
	P0000391	 	1997	 	n/a	 	Land & Building	 	n/a	 	3/31/1999	 	3/1/2019	 	3/31/1999	 	239	 	 	82	  	 	 	157	  
	P0000392	 	n/a	 	n/a	 	Land & Building	 	n/a	 	3/31/1999	 	3/1/2019	 	3/31/1999	 	239	 	 	82	  	 	 	157	  
	P0000393	 	n/a	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000394	 	1996	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000395	 	1995	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000396	 	n/a	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000397	 	1975	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000398	 	1990	 	n/a	 	Land & Building	 	n/a	 	12/19/2001	 	12/27/2016	 	12/19/2001	 	180	 	 	49	  	 	 	131	  
	P0000399	 	1978	 	n/a	 	Land & Building	 	n/a	 	9/30/1996	 	9/1/2016	 	9/30/1996	 	239	 	 	112	  	 	 	127	  
	P0000400	 	1970	 	n/a	 	Land & Building	 	n/a	 	9/30/1996	 	9/1/2016	 	9/30/1996	 	239	 	 	112	  	 	 	127	  
	P0000401	 	1984	 	n/a	 	Land & Building	 	n/a	 	12/3/1996	 	12/3/2016	 	12/3/1996	 	240	 	 	110	  	 	 	130	  
	P0000402	 	1988	 	n/a	 	Land & Building	 	n/a	 	12/12/1997	 	12/1/2017	 	12/12/1997	 	239	 	 	97	  	 	 	142	  
	P0000403	 	1984	 	n/a	 	Land & Building	 	n/a	 	5/19/1998	 	5/1/2018	 	5/19/1998	 	239	 	 	92	  	 	 	147	  
	P0000404	 	1984	 	n/a	 	Land & Building	 	n/a	 	12/12/1997	 	12/1/2017	 	12/12/1997	 	239	 	 	97	  	 	 	142	  
	P0000405	 	1997	 	n/a	 	Land & Building	 	n/a	 	12/12/1997	 	12/1/2017	 	12/12/1997	 	239	 	 	97	  	 	 	142	  
	P0000406	 	1999	 	n/a	 	Land & Building	 	n/a	 	7/13/1999	 	7/1/2019	 	7/13/1999	 	239	 	 	78	  	 	 	161	  
	P0000408	 	1986	 	n/a	 	Land & Building	 	n/a	 	3/23/1999	 	3/22/2019	 	3/23/1999	 	239	 	 	82	  	 	 	157	  
	P0000409	 	1960	 	n/a	 	Land & Building	 	n/a	 	3/23/1999	 	3/22/2019	 	3/23/1999	 	239	 	 	82	  	 	 	157	  
	P0000410	 	1976	 	n/a	 	Land & Building	 	n/a	 	3/23/1999	 	3/22/2019	 	3/23/1999	 	239	 	 	82	  	 	 	157	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral
Type
(Land/Bldg/Bus
Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease
Expiration
Date
	 	 Rent
Commencement
Date
	 	 Lease Term
(Months)
	 	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	 	Remaining
Lease Term
(As of 1-2006)	 
	P0000411	 	1983	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/7/2019	 	3/8/1999	 	239	 	 	82	  	 	 	157	  
	P0000412	 	1983	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/7/2019	 	3/8/1999	 	239	 	 	82	  	 	 	157	  
	P0000415	 	1986	 	n/a	 	Land & Building	 	n/a	 	9/1/2004	 	8/31/2014	 	9/1/2004	 	119	 	 	16	  	 	 	103	  
	P0000416	 	1980	 	n/a	 	Land & Building	 	n/a	 	2/11/2005	 	3/31/2019	 	2/11/2005	 	169	 	 	11	  	 	 	158	  
	P0000417	 	1984	 	n/a	 	Land & Building	 	n/a	 	2/11/2005	 	3/31/2019	 	2/11/2005	 	169	 	 	11	  	 	 	158	  
	P0000418	 	1984	 	n/a	 	Land & Building	 	n/a	 	2/11/2005	 	3/31/2019	 	2/11/2005	 	169	 	 	11	  	 	 	158	  
	P0000419	 	1985	 	n/a	 	Land & Building	 	n/a	 	2/11/2005	 	3/31/2019	 	2/11/2005	 	169	 	 	11	  	 	 	158	  
	P0000420	 	1990	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000421	 	1992	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000424	 	1992	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000425	 	1990	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000426	 	1991	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000428	 	1990	 	n/a	 	Land & Building	 	n/a	 	12/23/1999	 	12/31/2019	 	12/23/1999	 	240	 	 	73	  	 	 	167	  
	P0000429	 	1989	 	n/a	 	Land & Building	 	n/a	 	8/16/1994	 	8/31/2014	 	8/16/1994	 	240	 	 	137	  	 	 	103	  
	P0000431	 	1997	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/1/2023	 	4/1/2003	 	239	 	 	34	  	 	 	205	  
	P0000432	 	1997	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/1/2023	 	4/1/2003	 	239	 	 	34	  	 	 	205	  
	P0000433	 	1997	 	n/a	 	Land & Building	 	n/a	 	4/1/2003	 	3/1/2023	 	4/1/2003	 	239	 	 	34	  	 	 	205	  
	P0000434	 	1995	 	n/a	 	Land & Building	 	n/a	 	12/4/1995	 	2/1/2016	 	12/4/1995	 	241	 	 	121	  	 	 	120	  
	P0000436	 	1990	 	n/a	 	Land & Building	 	n/a	 	2/5/2001	 	2/28/2021	 	2/5/2001	 	240	 	 	59	  	 	 	181	  
	P0000437	 	n/a	 	n/a	 	Land & Building	 	n/a	 	7/13/2000	 	7/31/2020	 	7/13/2000	 	240	 	 	66	  	 	 	174	  
	P0000438	 	1985	 	n/a	 	Land & Building	 	n/a	 	6/23/1997	 	6/30/2017	 	6/23/1997	 	240	 	 	103	  	 	 	137	  
	P0000439	 	1988	 	n/a	 	Land & Building	 	n/a	 	6/23/1997	 	6/30/2017	 	6/23/1997	 	240	 	 	103	  	 	 	137	  
	P0000440	 	1998	 	n/a	 	Land & Building	 	n/a	 	9/3/1998	 	9/30/2018	 	9/3/1998	 	240	 	 	88	  	 	 	152	  
	P0000442	 	1985	 	n/a	 	Land & Building	 	n/a	 	7/13/2000	 	7/31/2020	 	7/13/2000	 	240	 	 	66	  	 	 	174	  
	P0000443	 	1986	 	n/a	 	Land & Building	 	n/a	 	12/12/2000	 	12/31/2020	 	12/12/2000	 	240	 	 	61	  	 	 	179	  
	P0000446	 	1982	 	n/a	 	Land & Building	 	n/a	 	3/3/1997	 	2/1/2017	 	3/3/1997	 	238	 	 	106	  	 	 	132	  
	P0000449	 	1985	 	n/a	 	Land & Building	 	n/a	 	3/3/1997	 	2/1/2017	 	3/3/1997	 	238	 	 	106	  	 	 	132	  
	P0000450	 	1998	 	n/a	 	Land & Building	 	n/a	 	10/16/1998	 	10/16/2018	 	10/16/1998	 	240	 	 	88	  	 	 	152	  
	P0000451	 	1986	 	n/a	 	Land & Building	 	n/a	 	4/30/2002	 	4/30/2022	 	4/30/2002	 	240	 	 	45	  	 	 	195	  
	P0000453	 	1984	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000454	 	1985	 	n/a	 	Land & Building	 	n/a	 	3/20/2000	 	3/31/2020	 	3/20/2000	 	240	 	 	70	  	 	 	170	  
	P0000455	 	1998	 	n/a	 	Land & Building	 	n/a	 	12/30/1998	 	1/1/2019	 	12/30/1998	 	240	 	 	85	  	 	 	155	  
	P0000456	 	1987	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/7/2019	 	3/8/1999	 	239	 	 	82	  	 	 	157	  
	P0000457	 	1985	 	n/a	 	Land & Building	 	n/a	 	3/8/1999	 	3/7/2019	 	3/8/1999	 	239	 	 	82	  	 	 	157	  
	P0000459	 	1978	 	n/a	 	Land & Building	 	n/a	 	9/30/1996	 	9/1/2016	 	9/30/1996	 	239	 	 	112	  	 	 	127	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral Type

(Land/Bldg/Bus
 Val)
	 	 Balloon if any
	 	 Lease Term

Start Date
	 	 Lease

Expiration

Date
	 	 Rent

Commencement

Date
	 	 Lease Term
(Months)
	 	Current Lease 
Age
(Months-Based on
Rent Comm. Date
to
1-06)	 	 	Remaining
Lease 
Term
(As of 1-2006)	 
	P0000920	 	2004	 	n/a	 	Land & Building	 	n/a	 	8/13/2004	 	8/31/2019	 	8/13/2004	 	180	 	 	17	  	 	 	163	  
	P0000921	 	1998	 	n/a	 	Land & Building	 	n/a	 	6/30/2000	 	2/29/2024	 	6/30/2000	 	283	 	 	66	  	 	 	217	  
	P0000922	 	1998	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000923	 	1976	 	1997	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000924	 	1997	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000925	 	1995	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000926	 	2003	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000927	 	2004	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000928	 	2003	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000929	 	2004	 	n/a	 	Land & Building	 	n/a	 	9/30/2004	 	9/30/2024	 	9/30/2004	 	240	 	 	16	  	 	 	224	  
	P0000930	 	2004	 	n/a	 	Land & Building	 	n/a	 	10/1/2004	 	9/30/2019	 	10/1/2004	 	179	 	 	15	  	 	 	164	  
	P0000931	 	1992	 	n/a	 	Land & Building	 	n/a	 	12/17/2001	 	12/31/2021	 	12/17/2001	 	240	 	 	49	  	 	 	191	  
	P0000932	 	2004	 	n/a	 	Land & Building	 	n/a	 	6/1/2004	 	5/31/2019	 	6/1/2004	 	179	 	 	19	  	 	 	160	  
	P0000933	 	1973	 	2004	 	Land & Building	 	n/a	 	8/3/2004	 	8/2/2019	 	8/3/2004	 	179	 	 	17	  	 	 	162	  
	P0000934	 	1993	 	2004	 	Land & Building	 	n/a	 	8/13/2004	 	8/31/2019	 	8/13/2004	 	180	 	 	17	  	 	 	163	  
	P0000935	 	2004	 	n/a	 	Land & Building	 	n/a	 	11/1/2004	 	10/31/2019	 	11/1/2004	 	179	 	 	14	  	 	 	165	  
	P0000936	 	2004	 	n/a	 	Land & Building	 	n/a	 	9/17/2004	 	9/30/2019	 	9/17/2004	 	180	 	 	16	  	 	 	164	  
	P0000937	 	1995	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000938	 	1995	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000939	 	1995	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000940	 	1994	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000941	 	1994	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000942	 	1995	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000943	 	1977	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000944	 	1993	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000945	 	1990	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000946	 	1992	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000947	 	1995	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000948	 	1987	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000949	 	1991	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000950	 	1989	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000951	 	1998	 	n/a	 	Land & Building	 	n/a	 	7/29/2004	 	12/31/2019	 	7/29/2004	 	185	 	 	18	  	 	 	167	  
	P0000952	 	2004	 	n/a	 	Land & Building	 	n/a	 	9/23/2004	 	9/30/2019	 	9/23/2004	 	180	 	 	16	  	 	 	164	  
	P0000953	 	1993	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000954	 	1993	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral Type

(Land/Bldg/Bus
 Val)
	 	 Balloon if any
	 	 Lease Term

Start Date
	 	 Lease

Expiration

Date
	 	 Rent
Commencement
Date
	 	 Lease Term

(Months)
	 	Current Lease 
Age
(Months-Based on
Rent Comm. Date
to
1-06)	 	 	Remaining
Lease 
Term
(As of l-2006)	 
	P0000955	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000956	 	2000	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000957	 	1993	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000958	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000959	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/15/2004	 	12/31/2024	 	12/15/2004	 	240	 	 	13	  	 	 	227	  
	P0000960	 	1993	 	n/a	 	Land & Building	 	n/a	 	3/15/1996	 	3/14/2011	 	3/15/1996	 	179	 	 	118	  	 	 	61	  
	P0000961	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2024	 	12/30/2004	 	240	 	 	13	  	 	 	227	  
	P0000962	 	1994	 	2003	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2024	 	12/30/2004	 	240	 	 	13	  	 	 	227	  
	P0000963	 	1982	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000964	 	1975	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000965	 	1987	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000966	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000967	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2019	 	12/30/2004	 	180	 	 	13	  	 	 	167	  
	P0000968	 	1984	 	1989	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2019	 	12/30/2004	 	180	 	 	13	  	 	 	167	  
	P0000969	 	1960	 	1979	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000970	 	2001	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000971	 	1999	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2019	 	12/30/2004	 	180	 	 	13	  	 	 	167	  
	P0000972	 	1990	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000973	 	1987	 	n/a	 	Land & Building	 	n/a	 	12/30/2004	 	12/31/2014	 	12/30/2004	 	120	 	 	13	  	 	 	107	  
	P0000673	 	1985	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000675	 	1967	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000676	 	1988	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000677	 	1978	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000678	 	1950	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000679	 	1969	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  
	P0000680	 	1997	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000681	 	1973	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000682	 	1977	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000683	 	1996	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000685	 	1998	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000687	 	1977	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000688	 	1979	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000689	 	1988	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000691	 	1995	 	n/a	 	Land & Building	 	n/a	 	6/26/1998	 	6/26/2013	 	6/26/1998	 	180	 	 	91	  	 	 	89	  
	P0000692	 	1976	 	n/a	 	Land & Building	 	n/a	 	8/4/1994	 	7/31/2014	 	8/4/1994	 	239	 	 	137	  	 	 	102	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral Type

(Land/Bldg/Bus
 Val)
	 	 Balloon if any
	 	 Lease Term
Start Date
	 	 Lease
Expiration
Date
	 	 Rent

Commencement

Date
	 	 Lease Term

(Months)
	 	Current Lease Age
(Months-Based on
Rent Comm. Date
to 1-06)	 	 	Remaining
Lease 
Term
(As of 1-2006)	 
	P0000974	 	1999	 	n/a	 	Land & Building	 	n/a	 	2/2/2005	 	1/31/2025	 	2/2/2005	 	239	 	 	11	  	 	 	228	  
	P0000975	 	2004	 	n/a	 	Land & Building	 	n/a	 	10/29/2004	 	10/31/2019	 	10/29/2004	 	180	 	 	15	  	 	 	165	  
	P0000976	 	1980	 	n/a	 	Land & Building	 	n/a	 	11/1/2003	 	11/30/2018	 	11/1/2003	 	180	 	 	26	  	 	 	154	  
	P0000977	 	1978	 	n/a	 	Land & Building	 	n/a	 	11/1/2003	 	11/30/2018	 	11/1/2003	 	180	 	 	26	  	 	 	154	  
	P0000978	 	1978	 	n/a	 	Land & Building	 	n/a	 	11/1/2003	 	11/30/2018	 	11/1/2003	 	180	 	 	26	  	 	 	154	  
	P0000979	 	1975	 	n/a	 	Land & Building	 	n/a	 	11/1/2003	 	11/30/2018	 	11/1/2003	 	180	 	 	26	  	 	 	154	  
	P0000980	 	1963	 	1989	 	Land & Building	 	n/a	 	3/1/2005	 	2/28/2015	 	3/1/2005	 	120	 	 	11	  	 	 	109	  
	P0000706	 	2005	 	n/a	 	Land & Building	 	n/a	 	3/21/2005	 	3/31/2025	 	3/21/2005	 	240	 	 	10	  	 	 	230	  
	P0000707	 	2003	 	n/a	 	Land & Building	 	n/a	 	3/31/2005	 	9/28/2018	 	3/31/2005	 	161	 	 	9	  	 	 	152	  
	P0000708	 	2000	 	n/a	 	Land & Building	 	n/a	 	4/1/2005	 	3/31/2020	 	4/1/2005	 	180	 	 	10	  	 	 	170	  
	P0000709	 	2001	 	n/a	 	Land & Building	 	n/a	 	4/1/2005	 	3/31/2020	 	4/1/2005	 	180	 	 	10	  	 	 	170	  
	P0000710	 	1999	 	n/a	 	Land & Building	 	n/a	 	4/1/2005	 	3/31/2020	 	4/1/2005	 	180	 	 	10	  	 	 	170	  
	P0000711	 	2001	 	n/a	 	Land & Building	 	n/a	 	4/1/2005	 	3/31/2020	 	4/1/2005	 	180	 	 	10	  	 	 	170	  
	P0000730	 	2003	 	n/a	 	Land & Building	 	n/a	 	4/8/2005	 	4/30/2020	 	4/8/2005	 	180	 	 	9	  	 	 	171	  
	P0000731	 	2004	 	n/a	 	Land & Building	 	n/a	 	4/8/2005	 	4/30/2020	 	4/8/2005	 	180	 	 	9	  	 	 	171	  
	P0000732	 	2005	 	n/a	 	Land & Building	 	n/a	 	4/22/2005	 	4/30/2020	 	4/22/2005	 	180	 	 	9	  	 	 	171	  
	P0000737	 	1999	 	n/a	 	Land & Building	 	n/a	 	4/1/2005	 	3/31/2020	 	4/1/2005	 	179	 	 	9	  	 	 	170	  
	P0000738	 	1991	 		 	Land and Building	 	n/a	 	12/3/1993	 	12/31/2013	 	12/3/1993	 	240	 	 	145	  	 	 	95	  
	P0000747	 	2000	 		 	Land and Building	 	n/a	 	5/19/2005	 	5/31/2021	 	5/19/2005	 	192	 	 	8	  	 	 	184	  
	P0000748	 	1985	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000749	 	1988	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000750	 	1988	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000751	 	1988	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000752	 	1975	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000753	 	1915	 	2001	 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000754	 	1957	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000755	 	1985	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000756	 	1977	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000757	 	1978	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000758	 	1968	 	1982	 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000759	 	1985	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000760	 	1976	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000761	 	1977	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000762	 	1972	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000763	 	1987	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  

																									
	 Property ID
	 	 Year Built
	 	Year
Renovated if
any	 	 Collateral Type

(Land/Bldg/Bus
 Val)
	 	 Balloon if any
	 	 Lease Term

Start Date
	 	 Lease

Expiration

Date
	 	 Rent

Commencement

Date
	 	 Lease Term
(Months)
	 	Current Lease 
Age
(Months-Based on
Rent Comm. Date
to
1-06)	 	 	Remaining
Lease 
Term
(As of 1-2006)	 
	P0000764	 	1973	 	1984	 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000765	 	1984	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000766	 	1977	 	1985	 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000767	 	1980	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000768	 	1979	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000769	 	1983	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000770	 	1986	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000771	 	1978	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  
	P0000772	 	1978	 		 	Land and Building	 	n/a	 	5/24/2005	 	5/31/2020	 	5/24/2005	 	180	 	 	8	  	 	 	172	  

																							
	 Property ID
	  	Initial Lease
Rate	 	 	Initial Lease
Payment
(Monthly)	 	  	 Current Lease

Payment as of
 January
	  	 Additional CF
	  	 Percentage

Rent Clause -
 Y/N
	  	 Percentage

Rent Only
	  	
Lease Rate Increase - Description
	  	 Date of Next

Bump in Rent
	  	Lease Renewal
Options
	E000787	  	 	8.000	% 	 	 	13,333.33	  	  	13,333.33	  		  	N	  		  	n/a	  	n/a	  	n/a
	P0000891	  	 	9.500	% 	 	 	master lease	  	  	master lease	  		  	N	  		  	Annually, 1% of prior year base [Illegible]	  	1/1/2007	  	3 Options of 88
	P0000892	  	 	9.500	% 	 	 	master lease	  	  	master lease	  		  	N	  		  	Annually, 1% of prior year base [Illegible]	  	1/1/2007	  	3 Options of 88
	P0000893	  	 	9.500	% 	 	 	master lease	  	  	master lease	  		  	N	  		  	Annually, 1% of prior year base [Illegible]	  	1/1/2007	  	3 Options of 88
	P0000894	  	 	9.500	% 	 	 	296,875.00	  	  	299,843.75	  		  	N	  		  	Annually, 1% of prior year base [Illegible]	  	1/1/2007	  	3 Options of 88
	P0000981	  	 	9.850	% 	 	 	3,076.22	  	  	3,138.05	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000982	  	 	9.850	% 	 	 	3,076.22	  	  	3,138.05	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000983	  	 	9.850	% 	 	 	3,691.46	  	  	3,765.65	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000984	  	 	9.850	% 	 	 	7,031.35	  	  	7,172.68	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000985	  	 	9.850	% 	 	 	7,207.13	  	  	7,351.99	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000986	  	 	9.850	% 	 	 	5,976.64	  	  	6,096.77	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000987	  	 	9.850	% 	 	 	3,383.83	  	  	3,451.85	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000988	  	 	9.850	% 	 	 	6,811.61	  	  	6,948.53	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000989	  	 	9.850	% 	 	 	7,646.59	  	  	7,800.29	  		  	N	  		  	None -mortgage	  	7/1/2006	  	n/a
	P0000990	  	 	9.850	% 	 	 	7,998.16	  	  	8,158.92	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000991	  	 	9.850	% 	 	 	7,207.13	  	  	7,351.99	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000992	  	 	9.850	% 	 	 	5,053.78	  	  	5,155.36	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000993	  	 	9.850	% 	 	 	5,712.96	  	  	5,827.79	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000994	  	 	9.850	% 	 	 	5,712.96	  	  	5,827.79	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000995	  	 	9.850	% 	 	 	5,712.96	  	  	5,827.79	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000996	  	 	9.850	% 	 	 	3,867.24	  	  	3,944.97	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000997	  	 	9.850	% 	 	 	3,295.94	  	  	3,362.19	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000998	  	 	9.850	% 	 	 	7,558.70	  	  	7,710.63	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0000999	  	 	9.850	% 	 	 	3,076.22	  	  	3,138.05	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001000	  	 	9.850	% 	 	 	6,372.16	  	  	6,500.24	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001001	  	 	9.850	% 	 	 	3,339.89	  	  	3,407.02	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001002	  	 	9.850	% 	 	 	6,064.53	  	  	6,186.43	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001003	  	 	9.850	% 	 	 	5,273.51	  	  	5,379.51	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001004	  	 	9.850	% 	 	 	3,955.13	  	  	4,034.63	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001005	  	 	9.850	% 	 	 	4,702.22	  	  	4,796.73	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001006	  	 	9.850	% 	 	 	5,405.35	  	  	5,513.99	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001007	  	 	9.850	% 	 	 	7,470.81	  	  	7,620.98	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001008	  	 	9.850	% 	 	 	5,493.24	  	  	5,603.65	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001009	  	 	9.850	% 	 	 	3,252.00	  	  	3,317.37	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a
	P0001010	  	 	9.850	% 	 	 	7,910.26	  	  	8,069.25	  		  	N	  		  	None - mortgage	  	7/1/2006	  	n/a

																					
	 Property ID
	 	 Initial Lease

Rate
	 	Initial Lease
Payment
(Monthly)	 	 	 Current Lease
Payment as
of
January
	 	 Additional CF
	 	 Percentage
Rent Clause -

Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	Lease Renewal
Options
	P0001011	 	9.850%	 	 	3,076.22	  	 	3,138.05	 		 	N	 		 	None - mortgage	 	7/1/2006	 	n/a
	P0001012	 	9.850%	 	 	4,520.01	  	 	4,610.86	 		 	N	 		 	None - mortgage	 	7/1/2006	 	n/a
	P0001013	 	9.850%	 	 	2,130.12	  	 	2,172.93	 		 	N	 		 	None - mortgage	 	7/1/2006	 	n/a
	P0001014	 	9.850%	 	 	4,303.97	  	 	4,390.48	 		 	N	 		 	None - mortgage	 	7/1/2006	 	n/a
	P0001015	 	9.850%	 	 	2,078.17	  	 	2,119.94	 		 	N	 		 	None - mortgage	 	7/1/2006	 	n/a
	P0001016	 	9.230%	 	 	2,741.70	  	 	2,741.70	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001017	 	9.230%	 	 	4,067.80	  	 	4,067.80	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001018	 	9.230%	 	 	7,273.23	  	 	7,273.23	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001019	 	9.230%	 	 	5,141.70	  	 	5,141.70	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001020	 	9.230%	 	 	4,881.36	  	 	4,881.36	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001021	 	9.230%	 	 	6,720.01	  	 	6,720.01	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001022	 	9.230%	 	 	5,084.75	  	 	5,084.75	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001023	 	9.230%	 	 	5,231.19	  	 	5,231.19	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001024	 	9.230%	 	 	4,450.18	  	 	4,450.18	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001025	 	9.230%	 	 	6,768.82	  	 	6,768.82	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001026	 	9.230%	 	 	3,604.07	  	 	3,604.07	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001027	 	9.230%	 	 	4,987.13	  	 	4,987.13	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001028	 	9.230%	 	 	5,182.38	  	 	5,182.38	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001029	 	9.230%	 	 	5,206.79	  	 	5,206.79	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001030	 	9.230%	 	 	4,393.23	  	 	4,393.23	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001031	 	9.230%	 	 	4,035.26	  	 	4,035.26	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001032	 	9.230%	 	 	4,677.97	  	 	4,677.97	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001033	 	9.230%	 	 	5,117.29	  	 	5,117.29	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001034	 	9 230%	 	 	4,905.77	  	 	4,905.77	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001035	 	9.230%	 	 	5,572.89	  	 	5,572.89	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001036	 	9.230%	 	 	3,815.60	  	 	3,815.60	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001037	 	9.230%	 	 	6,150.52	  	 	6,150.52	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001038	 	9.230%	 	 	5,955.26	  	 	5,955.26	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001039	 	9.230%	 	 	4,816.28	  	 	4,816.28	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001040	 	9.230%	 	 	6,117.97	  	 	6,117.97	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001041	 	9.230%	 	 	7,175.60	  	 	7,175.60	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001042	 	9.230%	 	 	5,304.41	  	 	5,304.41	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001043	 	9.230%	 	 	5,361.36	  	 	5,361.36	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001044	 	9.230%	 	 	5,597.30	  	 	5,597.30	 		 	N	 		 	None - mortgage	 	3/1/2006	 	n/a
	P0001045	 	9.230%	 	 	4,287.46	  	 	4,287.46	 		 	N	 		 	None -mortgage	 	3/1/2006	 	n/a

																							
	 Property ID
	  	 Initial Lease

Rate
	  	Initial Lease
Payment
(Monthly)	 	  	 Current Lease
Payment as
of
January
	  	 Additional CF
	  	 Percentage

Rent Clause -
 Y/N
	  	 Percentage

Rent Only
	  	
Lease Rate Increase - Description
	  	Date of Next
Bump in 
Rent	 	  	 Lease Renewal

Options

	P0001046	  	9.230%	  	 	5,288.14	  	  	5,288.14	  		  	N	  		  	None - mortgage	  	 	3/1/2006	  	  	 n/a

	P0001047	  	9.230%	  	 	2,798.65	  	  	2,798.65	  		  	N	  		  	None - mortgage	  	 	3/1/2006	  	  	 n/a

	P0000895	  	9.500%	  	 	15,833.33	  	  	15,991.66	  		  	N	  		  	the lesser of 1% or index rate	  	 	3/1/2006	  	  	2 Options of 5 [Illegible]
	P0000896	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000897	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000898	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000899	  	9.000%	  	 	67,088.00	  	  	67,088.00	  		  	N	  		  	lesser of 6% or 1. 25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000900	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000901	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000902	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000903	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1.25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000904	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	lesser of 6% or 1. 25 X CPI every 5 [Illegible]	  	 	4/1/2009	  	  	3 Options of 5 [Illegible]
	P0000905	  	9.000%	  	 	35,416.67	  	  	35,416.67	  		  	N	  		  	Fixed rent schedule defined in lease [Illegible]	  	 	5/1/2009	  	  	3 Options of 5 [Illegible]
	P0000906	  	9.000%	  	 	96,750.00	  	  	96,750.00	  		  	Y	  		  	Fixed rent schedule defined in lease [Illegible]	  	 	1/1/2008	  	  	4 Options of 5 [Illegible]
	P0000907	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000908	  	9.000%	  	 	158,925.00	  	  	205,335.82	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000909	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000910	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000911	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000912	  	9.000%	  	 	master lease	  	  	master lease	  		  	N	  		  	5% every 5 years	  	 	7/1/2009	  	  	3 Options of 5 [Illegible]
	P0000913	  	10.500%	  	 	234,062.50	  	  	288,750.00	  		  	N	  		  	every 2 years, lesser of 5% or 1.25 x	  	 	7/1/2006	  	  	4 Options of 5 [Illegible]
	P0000300	  	8.000%	  	 	3,736.20	  	  	3,849.81	  		  	N	  		  	4% every 2 years	  	 	4/1/2007	  	  	3 Options of 5 [Illegible]
	P0000301	  	8.000%	  	 	4,026.26	  	  	4,188.92	  		  	N	  		  	4% every 2 years	  	 	6/1/2007	  	  	3 Options of 5 [Illegible]
	P0000302	  	8.000%	  	 	2,519.40	  	  	2,955.52	  		  	Y	  	Y	  	n/a	  	 	n/a	  	  	2 Options of 5 [Illegible]
	P0000303	  	8.000%	  	 	2,758.99	  	  	2,948.68	  		  	Y	  	Y	  	n/a	  	 	n/a	  	  	2 Options of 5 [Illegible]
	P0000304	  	8.000%	  	 	2,930.46	  	  	3,191.95	  		  	Y	  	Y	  	n/a	  	 	n/a	  	  	2 Options of 5 [Illegible]
	P0000305	  	8.000%	  	 	2,659.16	  	  	3,059.84	  		  	Y	  	Y	  	n/a	  	 	n/a	  	  	2 Options of 5 [Illegible]
	P0000306	  	8.000%	  	 	7,733.44	  	  	7,733.44	  		  	N	  		  	4% every 2 years	  	 	3/1/2006	  	  	2 Options of 5 [Illegible]
	P0000309	  	8.000%	  	 	5,804.81	  	  	6,037.00	  		  	N	  		  	Every 2 years, lesser of 4% or 3 times	  	 	1/1/2008	  	  	4 Options of 5 [Illegible]
	P0000310	  	8.000%	  	 	6,683.16	  	  	6,950.49	  		  	N	  		  	Every 2 years, lesser of 4% or 3 times	  	 	1/1/2008	  	  	4 Options of 5 [Illegible]
	P0000311	  	8.000%	  	 	6,988.68	  	  	7,268.23	  		  	N	  		  	Every 2 years, lesser of 4% or 3 times	  	 	1/1/2008	  	  	4 Options of 5 [Illegible]
	P0000312	  	8.000%	  	 	6,224.89	  	  	6,473.89	  		  	N	  		  	Every 2 years, lesser of 4% or 3 times	  	 	1/1/2008	  	  	4 Options of 5 [Illegible]
	P0000313	  	8.000%	  	 	10,653.23	  	  	10,759.76	  		  	N	  		  	Lesser of 1% or 3 times CPI	  	 	4/1/2006	  	  	3 Options of 5 [Illegible]
	P0000314	  	8.000%	  	 	19,648.29	  	  	19,844.77	  		  	N	  		  	Lesser of 1% or 3 times CPI	  	 	4/1/2006	  	  	3 Options of 5 [Illegible]
	P0000315	  	8.000%	  	 	21,024.49	  	  	21,234.73	  		  	N	  		  	Lesser of 1% or 3 times CPI	  	 	4/1/2006	  	  	3 Options of 5 [Illegible]

																					
	 Property ID
	 	 Initial Lease

Rate
	 	Initial Lease
Payment
(Monthly)	 	 	
Current Lease
Payment as of
January
	 	 Additional CF
	 	 Percentage

Rent Clause -
 Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	 Lease Renewal
Options

	P0000316	 	8.000%	 	 	17,409.87	  	 	17,583.97	 		 	N	 		 	Lesser of 1% or 3 times CPI	 	4/1/2006	 	3 Options of 5 [Illegible]
	P0000317	 	8.000%	 	 	7,254.15	  	 	7,326.69	 		 	N	 		 	Lesser of 1 % or 3 times CPI	 	4/1/2006	 	3 Options of 5 [Illegible]
	P0000318	 	8.000%	 	 	20,949.93	  	 	21,159.43	 		 	N	 		 	Annually, lesser of 4.5% or 3 times [Illegible]	 	4/1/2006	 	3 Options of 5 [Illegible]
	P0000319	 	8.000%	 	 	4,816.84	  	 	4,938.01	 		 	N	 		 	1.25% annually	 	8/1/2006	 	2 Options of 5 [Illegible]
	P0000323	 	8.000%	 	 	8,990.80	  	 	9,350.43	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	11/1/2006	 	4 Options of 5 [Illegible]
	P0000324	 	8.000%	 	 	4,256.11	  	 	4,256.11	 		 	N	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000326	 	8.000%	 	 	5,998.48	  	 	5,998.48	 		 	N	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000327	 	8.000%	 	 	7,144.59	  	 	7,144.59	 		 	Y	 		 	n/a	 	n/a	 	4 Options of 5 [Illegible]
	P0000328	 	8.000%	 	 	6,170.73	  	 	6,170.73	 		 	Y	 		 	n/a	 	n/a	 	4 Options of 5 [Illegible]
	P0000329	 	8.000%	 	 	8,285.48	  	 	8,285.48	 		 	Y	 		 	n/a	 	n/a	 	4 Options of 5 [Illegible]
	P0000330	 	8.000%	 	 	8,024.03	  	 	8,024.03	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000331	 	8.000%	 	 	6,566.98	  	 	6,712.84	 		 	N	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000332	 	8.000%	 	 	6,269.61	  	 	6,359.27	 		 	N	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000336	 	8.000%	 	 	6,541.26	  	 	6,541.26	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000338	 	8.000%	 	 	6,737.50	  	 	6,737.50	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000349	 	8.000%	 	 	6,760.00	  	 	7,030.40	 		 	N	 		 	4% every 2 years	 	11/1/2006	 	2 Options of 5 [Illegible]
	P0000350	 	8.000%	 	 	4,644.91	  	 	4,761.77	 		 	N	 		 	1.25% annually	 	7/1/2006	 	2 Options of 5 [Illegible]
	P0000351	 	8.000%	 	 	4,915.75	  	 	4,915.75	 		 	N	 		 	n/a	 	n/a	 	2 Options of 5 [Illegible]
	P0000354	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000355	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000356	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000357	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000358	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000359	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000360	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000361	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000362	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000363	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000364	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000365	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000366	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000367	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000368	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000369	 	8.800%	 	 	250,192.87	  	 	260,200.58	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]
	P0000370	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5 [Illegible]

																					
	 Property ID
	 	 Initial Lease
Rate
	 	Initial Lease
Payment
(Monthly)	 	 	 Current Lease
Payment as of

January
	 	 Additional CF
	 	 Percentage

Rent Clause -
 Y/N
	 	 Percentage

Rent Only
	 	
Lease Rate Increase - Description
	 	 Date of Next

Bump in Rent
	 	Lease Renewal
Options
	P0000371	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5
[illegible]
	P0000372	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5
[illegible]
	P0000373	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5
[illegible]
	P0000374	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5
[illegible]
	P0000375	 	8.800%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 4% or 4 times the CPI, every	 	12/1/2007	 	2 Options of 5
[illegible]
	P0000378	 	8.000%	 	 	4,384.17	  	 	4,494.46	 		 	N	 		 	lesser of 1.25% or 3 times CPI	 	1/1/2007	 	2 Options of 5
[illegible]
	P0000379	 	8.000%	 	 	9,076.18	  	 	9,521.91	 		 	N	 		 	Annually, previous year base annual [illegible]	 	9/1/2006	 	2 Options of 5
[illegible]
	P0000380	 	8.500%	 	 	7,077.79	  	 	6,749.63	 		 	N	 		 	lesser of 1 .25% or 3 times CPI	 	8/1/2007	 	2 Options of 5
[illegible]
	P0000381	 	8.000%	 	 	2,838.81	  	 	2,953.50	 		 	N	 		 	4% every 2 years	 	7/1/2007	 	3 Options of 5
[illegible]
	P0000914	 	10.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	8/1/2007	 	3 Options of 5
[illegible]
	P0000915	 	10.000%	 	 	150,833.33	  	 	250,833.33	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	8/1/2007	 	3 Options of 5
[illegible]
	P0000916	 	9.000%	 	 	27,656.25	  	 	27,656.25	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	8/1/2009	 	3 Options of 5
[illegible]
	P0000917	 	9.500%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	9/1/2009	 	3 Options of 5
[illegible]
	P0000918	 	9.500%	 	 	30,479.17	  	 	37,248.76	 	6,770	 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	9/1/2009	 	3 Options of 5
[illegible]
	P0000919	 	8.100%	 	 	37,214.00	  	 	38,976.00	 		 	N	 		 	per fixed rent schedule in lease	 	9/1/2006	 	3 Options of 5
[illegible]
	P0000390	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	4.04% every 2 years	 	4/1/2007	 	2 Options of 5
[illegible]
	P0000391	 	8.200%	 	 	44,650.32	  	 	46,454.19	 		 	N	 		 	4.04% every 2 years	 	4/1/2007	 	2 Options of 5
[illegible]
	P0000392	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	4.04% every 2 years	 	4/1/2007	 	2 Options of 5
[illegible]
	P0000393	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000394	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000395	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000396	 	8.200%	 	 	50,477.00	  	 	52,496.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000397	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000398	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	1/1/2007	 	3 Options of 5
[illegible]
	P0000399	 	8.200%	 	 	3,423.08	  	 	3,509.19	 		 	N	 		 	the lesser of 1.25% or CPI	 	10/1/2006	 	2 Options of 5
[illegible]
	P0000400	 	8.200%	 	 	5,362.84	  	 	5,497.75	 		 	N	 		 	the lesser of 1.25% or CPI	 	10/1/2006	 	2 Options of 5
[illegible]
	P0000401	 	8.200%	 	 	4,041.15	  	 	4,142.81	 		 	N	 		 	the lesser of 1.25% or CPI	 	1/1/2007	 	2 Options of 5
[illegible]
	P0000402	 	8.200%	 	 	4,917.89	  	 	4,979.36	 		 	N	 		 	the lesser of 1.25% or CPI	 	1/1/2007	 	2 Options of 5
[illegible]
	P0000403	 	8.200%	 	 	4,200.09	  	 	4,252.59	 		 	N	 		 	the lesser of 1.25% or CPI	 	6/1/2006	 	2 Options of 5
[illegible]
	P0000404	 	8.200%	 	 	7,973.17	  	 	8,072.83	 		 	N	 		 	the lesser of 1.25% or CPI	 	1/1/2007	 	2 Options of 5
[illegible]
	P0000405	 	8.200%	 	 	6,795.24	  	 	6,880.18	 		 	N	 		 	the lesser of 1.25% or CPI	 	1/1/2007	 	2 Options of 5
[illegible]
	P0000406	 	8.200%	 	 	4,816.83	  	 	4,877.04	 		 	N	 		 	1.25% annually	 	8/1/2006	 	2 Options of 5
[illegible]
	P0000408	 	8.200%	 	 	8,075.76	  	 	8,237.28	 		 	N	 		 	the lesser of 2% or CPI	 	4/1/2006	 	2 Options of 5
[illegible]
	P0000409	 	8.200%	 	 	7,208.87	  	 	7,353.05	 		 	N	 		 	the lesser of 2% or CPI	 	4/1/2006	 	2 Options of 5
[illegible]
	P0000410	 	8.200%	 	 	6,752.62	  	 	6,887.67	 		 	N	 		 	the lesser of 2% or CPI	 	4/1/2006	 	2 Options of 5
[illegible]

																					
	 Property ID
	 	 Initial Lease

Rate
	 	Initial 
Lease
Payment
(Monthly)	 	 	 Current Lease

Payment as of
 January
	 	 Additional CF
	 	 Percentage

Rent Clause -
 Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	 Date of Next

Bump in Rent
	 	Lease Renewal
Options
	P0000411	 	8.200%	 	 	6,720.09	  	 	6,720.09	 		 	N	 		 	the lesser of 4.04% or CPI	 	3/8/2006	 	2 Options of 5
[Illegible]
	P0000412	 	8.200%	 	 	6,269.09	  	 	6,269.09	 		 	N	 		 	the lesser of 4.04% or CPI	 	3/8/2006	 	2 Options of 5
[Illegible]
	P0000415	 	8.200%	 	 	4,830.00	  	 	4,830.00	 		 	N	 		 	Scheduled increase to 5,240.59	 	9/1/2009	 	1 Options of 5
[Illegible]
	P0000416	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 6% or 1.25 X CPI every 5 [Illegible]	 	3/1/2010	 	3 Options of 5
[Illegible]
	P0000417	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 6% or 1.25 X CPI every 5 [Illegible]	 	3/1/2010	 	3 Options of 5
[Illegible]
	P0000418	 	8.200%	 	 	master lease	  	 	master lease	 		 	N	 		 	lesser of 6% or 1.25 X CPI every 5 [Illegible]	 	3/1/2010	 	3 Options of 5
[Illegible]
	P0000419	 	8.200%	 	 	25,250.00	  	 	25,250.00	 		 	N	 		 	lesser of 6% or 1.25 X CPI every 5 [Illegible]	 	3/1/2010	 	3 Options of 5
[Illegible]
	P0000420	 	8.200%	 	 	2,460.01	  	 	2,558.41	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000421	 	8.200%	 	 	5,391.94	  	 	5,607.62	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000424	 	8.200%	 	 	4,397.89	  	 	4,573.81	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000425	 	8.200%	 	 	4,458.14	  	 	4,636.47	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000426	 	8.200%	 	 	3,524.34	  	 	3,665.31	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000428	 	8.000%	 	 	4,387.86	  	 	4,563.37	 		 	N	 		 	Every 2 years, lesser of 4% or 4 times	 	1/1/2008	 	2 Options of 5
[Illegible]
	P0000429	 	6.200%	 	 	4,634.53	  	 	4,634.53	 		 	Y	 		 	n/a	 	n/a	 	4 Options of 5
[Illegible]
	P0000431	 	8.200%	 	 	10,363.03	  	 	10,466.66	 		 	N	 		 	Lesser of 1% or 3 times CPI	 	4/1/2006	 	3 Options of 5
[Illegible]
	P0000432	 	8.200%	 	 	21,140.57	  	 	21,351.98	 		 	N	 		 	Lesser of 1% or 3 times CPI	 	4/1/2006	 	3 Options of 5
[Illegible]
	P0000433	 	8.200%	 	 	15,544.58	  	 	15,700.03	 		 	N	 		 	Lesser of 1% or 3 times CPI	 	4/1/2006	 	3 Options of 5
[Illegible]
	P0000434	 	8.200%	 	 	8,438.96	  	 	8,438.96	 		 	Y	 		 	CPI for 60 days prior to the [Illegible]	 	1/1/2007	 	2 Options of 5
[Illegible]
	P0000436	 	8.100%	 	 	11,194.38	  	 	11,642.16	 		 	N	 		 	the lesser of 4% or CPI	 	2/1/2007	 	2 Options of 5
[Illegible]
	P0000437	 	8.400%	 	 	7,976.80	  	 	7,976.80	 		 	N	 		 	the lesser of 4% or CPI	 	7/1/2006	 	2 Options of 5
[Illegible]
	P0000438	 	8.000%	 	 	8,887.15	  	 	9,242.64	 		 	N	 		 	the lesser of 4% or CPI	 	7/1/2007	 	2 Options of 5
[Illegible]
	P0000439	 	8.000%	 	 	6,538.37	  	 	6,799.90	 		 	N	 		 	the lesser of 4% or CPI	 	7/1/2007	 	2 Options of 5
[Illegible]
	P0000440	 	8.400%	 	 	6,364.21	  	 	6,364.21	 		 	N	 		 	the lesser of 4% or CPI	 	9/3/2006	 	2 Options of 5
[Illegible]
	P0000442	 	8.400%	 	 	9,317.53	  	 	9,317.53	 		 	N	 		 	the lesser of 4% or CPI	 	7/1/2006	 	2 Options of 5
[Illegible]
	P0000443	 	8.100%	 	 	9,903.40	  	 	10,299.54	 		 	N	 		 	the lesser of 4% or CPI	 	1/1/2007	 	2 Options of 5
[Illegible]
	P0000446	 	8.000%	 	 	5,770.83	  	 	5,770.83	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5
[Illegible]
	P0000449	 	8.100%	 	 	6,383.33	  	 	6,383.33	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5
[Illegible]
	P0000450	 	8.100%	 	 	5,818.10	  	 	6,050.82	 		 	N	 		 	the lesser of 4% or CPI	 	10/1/2006	 	2 Options of 5
[Illegible]
	P0000451	 	8.400%	 	 	10,537.48	  	 	10,537.48	 		 	N	 		 	the lesser of 4% or CPI	 	4/1/2006	 	2 Options of 5
[Illegible]
	P0000453	 	8.100%	 	 	6,966.94	  	 	6,966.94	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5
[Illegible]
	P0000454	 	8.400%	 	 	9,267.89	  	 	9,267.89	 		 	N	 		 	the lesser of 4% or CPI	 	4/1/2006	 	2 Options of 5
[Illegible]
	P0000455	 	8.000%	 	 	5,764.92	  	 	5,995.52	 		 	N	 		 	the lesser of 4% or CPI	 	12/1/2006	 	2 Options of 5
[Illegible]
	P0000456	 	8.200%	 	 	6,584.80	  	 	6,584.80	 		 	N	 		 	the lesser of 4.04% or CPI	 	3/8/2006	 	2 Options of 5
[Illegible]
	P0000457	 	8.200%	 	 	6,359.29	  	 	6,359.29	 		 	N	 		 	the lesser of 4.04% or CPI	 	3/8/2006	 	2 Options of 5
[Illegible]
	P0000459	 	8.200%	 	 	3,917.54	  	 	4,016.09	 		 	N	 		 	the lesser of 1.25% or CPI	 	10/1/2006	 	2 Options of 5
[Illegible]

																					
	 Property ID
	 	 Initial Lease
Rate
	 	Initial Lease
Payment
(Monthly)	 	 	 Current Lease
Payment as
of
January
	 	 Additional CF
	 	 Percentage
Rent Clause -

Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	 Lease Renewal
Options

	P0000920	 	8.850%	 	 	81,453.50	  	 	81,454.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	9/1/2009	 	4 Options of 5 [illegible]
	P0000921	 	9.025%	 	 	57,156.75	  	 	57,156.75	 		 	N	 		 	lesser of scheduled amount or [illegible]	 	3/1/2009	 	1 Options of 5 [illegible]
	P0000922	 	8.350%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000923	 	8.350%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000924	 	8.512%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000925	 	8.299%	 	 	85,500.00	  	 	85,500.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000926	 	8.250%	 	 	master lease	  	 	master lease	 		 	N	 		 	1% annually	 	1/1/2007	 	4 Options of 5 [illegible]
	P0000927	 	8.250%	 	 	master lease	  	 	master lease	 		 	N	 		 	1% annually	 	1/1/2007	 	4 Options of 5 [illegible]
	P0000928	 	8.250%	 	 	master lease	  	 	master lease	 		 	N	 		 	1% annually	 	1/1/2007	 	4 Options of 5 [illegible]
	P0000929	 	8.250%	 	 	23,375.00	  	 	23,608.75	 		 	N	 		 	1% annually	 	1/1/2007	 	4 Options of 5 [illegible]
	P0000930	 	8.850%	 	 	52,810.00	  	 	52,810.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000931	 	8.900%	 	 	86,642.84	  	 	88,997.99	 		 	N	 		 	1.35% annually	 	1/1/2007	 	4 Options of 5 [illegible]
	P0000932	 	8.400%	 	 	44,280.11	  	 	44,280.11	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	6/1/2009	 	1 Options of 5 [illegible]
	P0000933	 	9.300%	 	 	37,807.50	  	 	37,807.50	 		 	N	 		 	10% every 5 years	 	9/1/2009	 	2 Options of 5 [illegible]
	P0000934	 	8.850%	 	 	48,698.00	  	 	48,698.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	9/1/2009	 	4 Options of 5 [illegible]
	P0000935	 	8.000%	 	 	46,200.00	  	 	47,355.00	 		 	N	 		 	2.5 annually	 	11/1/2006	 	3 Options of 5 [illegible]
	P0000936	 	8.850%	 	 	62,737.00	  	 	62,737.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000937	 	2.519%	 	 	3,627.00	  	 	3,627.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000938	 	2.441%	 	 	5,343.00	  	 	5,343.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000939	 	2.528%	 	 	4,513.00	  	 	4,513.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000940	 	3.974%	 	 	4,434.19	  	 	4,434.19	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000941	 	4.374%	 	 	4,225.00	  	 	4,225.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000942	 	4.347%	 	 	3,692.00	  	 	3,692.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000943	 	2.833%	 	 	2,500.00	  	 	2,500.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000944	 	3.183%	 	 	3,975.00	  	 	3,975.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000945	 	3.567%	 	 	3,861.00	  	 	3,861.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000946
.	 	4.385%	 	 	4,674.00	  	 	4,674.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000947	 	4.337%	 	 	5,850.00	  	 	5,850.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000948	 	4.095%	 	 	4,091.87	  	 	4,091.87	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000949	 	4.354%	 	 	3,770.00	  	 	3,770.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000950	 	4.354%	 	 	3,770.00	  	 	3,770.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000951	 	10.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	8/1/2007	 	3 Options of 5 [illegible]
	P0000952	 	8.500%	 	 	65,064.00	  	 	65,064.00	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	10/1/2009	 	4 Options of 5 [illegible]
	P0000953	 	9.056%	 	 	11,545.83	  	 	11,545.83	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	8 Options of 5 y
	P0000954	 	9.056%	 	 	10,866.67	  	 	10,866.67	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	8 Options of 5 [illegible]

																					
	 Property ID
	 	 Initial Lease
Rate
	 	Initial Lease
Payment
(Monthly)	 	 	 Current Lease
Payment as
of
January
	 	 Additional CF
	 	 Percentage
Rent Clause -

Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	 Lease Renewal
Options

	P0000955	 	8.299%	 	 	16,979.17	  	 	16,979.17	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	5 Options of 5 [illegible]
	P0000956	 	9.052%	 	 	18,337.50	  	 	18,337.50	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	8 Options of 5 [illegible]
	P0000957	 	8.150%	 	 	10,187.50	  	 	10,187.50	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	5 Options of 5 [illegible]
	P0000958	 	9.051%	 	 	13,583.33	  	 	13,583.33	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	8 Options of 5 [illegible]
	P0000959	 	9.052%	 	 	17,658.33	  	 	17,658.33	 		 	N	 		 	lesser of 10% or 1.25 times CPI	 	1/1/2015	 	8 Options of 5 [illegible]
	P0000960	 	8.850%	 	 	4,072.00	  	 	4,072.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000961	 	9.250%	 	 	master lease	  	 	master lease	 		 	N	 		 	Lesser of 6% or1.25 times the total [illegible]	 	1/1/2008	 	4 Options of 5 [illegible]
	P0000962	 	9.250%	 	 	32,375.00	  	 	32,375.00	 		 	N	 		 	Lesser of 6% or 1.25 times the total [illegible]	 	1/1/2008	 	4 Options of 5 [illegible]
	P0000963	 	8.000%	 	 	3,956.40	  	 	3,995.96	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000964	 	8.000%	 	 	9,207.67	  	 	9,299.75	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000965	 	8.000%	 	 	3,624.60	  	 	3,660.85	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000966	 	8.000%	 	 	10,455.21	  	 	10,559.76	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000967	 	7.500%	 	 	10,836.25	  	 	10,944.61	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000968	 	7.500%	 	 	15,206.08	  	 	15,358.14	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000969	 	8.500%	 	 	17,895.25	  	 	18,074.20	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000970	 	8.000%	 	 	13,959.67	  	 	14,099.27	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000971	 	8.000%	 	 	7,867.33	  	 	7,946.00	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000972	 	8.000%	 	 	9,088.65	  	 	9,179.54	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000973	 	8.000%	 	 	4,187.92	  	 	4,229.80	 		 	N	 		 	annually, lesser of 1% or CPI	 	1/1/2007	 	3 Options of 5 [illegible]
	P0000673	 	4.845%	 	 	3,573.80	  	 	3,573.80	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 y
	P0000675	 	8.275%	 	 	3,727.33	  	 	3,727.33	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000676	 	7.198%	 	 	3,937.26	  	 	3,937.26	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000677	 	8.400%	 	 	5,043.68	  	 	5,043.68	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000678	 	7.119%	 	 	4,371.00	  	 	4,371.00	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000679	 	7.156%	 	 	3,620.35	  	 	3,620.35	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]
	P0000680	 	8.750%	 	 	7,569.39	  	 	7,569.39	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000681	 	8.750%	 	 	10,686.21	  	 	10,686.21	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000682	 	8.750%	 	 	10,686.21	  	 	10,686.21	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000683	 	8.750%	 	 	7,213.19	  	 	7,213.19	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000685	 	8.750%	 	 	8,709.26	  	 	8,709.26	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000687	 	8.750%	 	 	6,073.31	  	 	6,073.31	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000688	 	8.750%	 	 	7,480.35	  	 	7,480.35	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000689	 	8.750%	 	 	10,330.00	  	 	10,330.00	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000691	 	8.750%	 	 	4,808.79	  	 	4,808.79	 		 	N	 		 	Every 2 years, lesser of 4% or 3 times	 	7/1/2006	 	5 Options of 5 [illegible]
	P0000692	 	6.030%	 	 	4,291.50	  	 	4,291.51	 		 	Y	 		 	n/a	 	n/a	 	2 Options of 5 [illegible]

																					
	 Property ID
	 	 Initial Lease
Rate
	 	Initial Lease
Payment
(Monthly)	 	 	 Current Lease
Payment as
of
January
	 	 Additional CF
	 	 Percentage
Rent Clause -

Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	 Lease Renewal

Options

	P0000974	 	8.150%	 	 	22,412.50	  	 	22,412.50	 		 	N	 		 	Lesser of 10% or 1.25X CPI at [illegible]	 	2/1/2015	 	8 Options of 5 [illegible]
	P0000975	 	8.400%	 	 	39,569.95	  	 	39,569.95	 		 	N	 		 	lesser of $523,292.40 or the Base [illegible]	 	11/1/2010	 	5 Options of 5 [illegible]
	P0000976	 	8.166%	 	 	11,145.80	  	 	11,145.80	 		 	N	 		 	annually, CPI	 	1/1/2007	 	No renewal [illegible]
	P0000977	 	7.855%	 	 	42,165.50	  	 	42,165.50	 	1,521	 	N	 		 	annually, CPI	 	1/1/2007	 	No renewal [illegible]
	P0000978	 	8.166%	 	 	22,933.04	  	 	22,933.04	 		 	N	 		 	annually, CPI	 	1/1/2007	 	No renewal [illegible]
	P0000979	 	8.166%	 	 	34,833.89	  	 	34,833.89	 		 	N	 		 	annually, CPI	 	1/1/2007	 	No renewal [illegible]
	P0000980	 	8.149%	 	 	21,219.33	  	 	21,219.33	 		 	N	 		 	Annually, starting 61st month, CPI	 	3/1/2010	 	2 options of 5 [illegible]
	P0000706	 	8.796%	 	 	22,797.92	  	 	22,797.92	 		 	N	 		 	Annually, lesser of 1.5% or 1.25 times	 	4/1/2006	 	4 options of 5 [illegible]
	P0000707	 	8.930%	 	 	28,280.19	  	 	28,280.19	 		 	N	 		 	lesser of 10% or 1.25 times CPI every	 	3/31/2010	 	6 options of 5 [illegible]
	P0000708	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years 10%	 	4/1/2010	 	4 options of 5 [illegible]
	P0000709	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years 10%	 	4/1/2010	 	4 options of 5 [illegible]
	P0000710	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years 10%	 	4/1/2010	 	4 options of 5 [illegible]
	P0000711	 	8.000%	 	 	102,490.67	  	 	87,468.89	 		 	N	 		 	every 5 years 10%	 	4/1/2010	 	4 options of 5 [illegible]
	P0000730	 	8.500%	 	 	67,291.67	  	 	67,291.67	 		 	N	 		 	1% increase annually	 	4/1/2006	 	5 Options of 5 [illegible]
	P0000731	 	8.500%	 	 	60,208.00	  	 	60,208.33	 		 	N	 		 	1% increase annually	 	4/1/2006	 	5 Options of 5 [illegible]
	P0000732	 	8.800%	 	 	24,479.17	  	 	24,479.17	 		 	N	 		 	every 5 years based on article III	 	10/1/2009	 	3 Options of 5 [illegible]
	P0000737	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	4/1/2010	 	4 options of 5 [illegible]
	P0000738	 	8.500%	 	 	12,100.00	  	 	12,100.00	 		 	N	 		 	every 5 years 10%	 	1/1/2009	 	3 options of 5 [illegible]
	P0000747	 	9.050%	 	 	25,300.50	  	 	25,300.50	 		 	N	 		 	Fixed rent schedule defined in lease [illegible]	 	6/1/2006	 	3 options of 5 [illegible]
	P0000748	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000749	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000750	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000751	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000752	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000753	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000754	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000755	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000756	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000757	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000758	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000759	 	8.000%	 	 	126,666.67	  	 	126,666.67	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000760	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000761	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000762	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000763	 	8.000%	 	 	master lease	  	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]

																			
	 Property ID
	 	 Initial Lease

Rate
	 	Initial Lease
Payment
(Monthly)	 	 Current Lease
Payment as
of
January
	 	 Additional CF
	 	 Percentage
Rent Clause -

Y/N
	 	 Percentage
Rent Only
	 	
Lease Rate Increase - Description
	 	
Date of Next
Bump in Rent
	 	 Lease Renewal
Options

	P0000764	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000765	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000766	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000767	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000768	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000769	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000770	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000771	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]
	P0000772	 	8.000%	 	master lease	 	master lease	 		 	N	 		 	every 5 years lesser of 10% or 1.25 [illegible]	 	6/1/2010	 	4 options of 5 [illegible]

																							
	 Property ID
	  	Is Lease
Triple Net	  	Insurance
Carrier
Y/N?	  	Tenant Purchase
Option	  	Timing Tenant
Purchase Option	  	Tenant Purchase
Option Price	  	Tenant Purchase
Option Summary
(requested by
Citi)	  	Obligor	 	  	Corporate FCC	 	  	Est. Unit FCCR
based on
Regression or
other method
	 E000787
	  	n/a	  	Y	  	n/a	  	n/a	  	n/a	  	n/a	  	 	1.40	  	  	 	Y	  	  	
	 P0000891
	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.15	  	  	 	N	  	  	
	 P0000892
	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.15	  	  	 	N	  	  	
	 P0000893
	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.15	  	  	 	N	  	  	
	 P0000894
	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.15	  	  	 	N	  	  	
	 P0000981
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000982
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000983
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000984
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000985
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000986
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000987
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000988
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000989
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000990
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000991
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000992
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000993
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000994
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000995
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000996
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000997
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000998
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0000999
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001000
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001001
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001002
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001003
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001004
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3 05	  	  	 	N	  	  	
	 P0001005
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001006
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001007
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001008
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001009
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	
	 P0001010
	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.05	  	  	 	N	  	  	

																			
	 Property ID
	  	 Is Lease

Triple Net
	  	Insurance
Carrier
Y/N?	  	 Tenant Purchase
Option
	  	
Timing Tenant
Purchase Option
	  	 Tenant Purchase
Option Price
	  	 Tenant Purchase
Option Summary
(requested
by
Citi)
	  	 Obligor
	  	 Corporate FCC
	  	Est. Unit FCCR
based on
Regression or
other method
	P0001011	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.05	  	N	  	
	P0001012	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.05	  	N	  	
	P0001013	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.05	  	N	  	
	P0001014	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.05	  	N	  	
	P0001015	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.05	  	N	  	
	P0001016	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001017	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001018	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001019	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001020	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001021	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001022	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001023	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001024	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001025	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001026	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001027	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001028	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001029	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001030	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001031	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001032	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001033	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001034	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001035	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001036	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001037	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001038	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001039	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001040	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001041	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001042	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001043	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001044	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	
	P0001045	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	3.40	  	N	  	

																					
	 Property ID
	  	 Is Lease

Triple Net
	  	 Insurance
Carrier

Y/N?
	  	 Tenant Purchase
Option
	  	
Timing Tenant
Purchase Option
	  	 Tenant Purchase
Option Price
	  	 Tenant Purchase
Option Summary
(requested
by
Citi)
	  	Obligor	 	  	 Corporate FCC
	  	 Est. Unit FCCR
based on
Regression
or
other method

	P0001046	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.40	  	  	N	  	
	P0001047	  	n/a	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.40	  	  	N	  	
	P0000895	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.95	  	  	N	  	
	P0000896	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000897	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000898	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	 same as bona-fide

[ILLEGIBLE]
	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000899	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000900	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	 same as bona-fide

[ILLEGIBLE]
	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000901	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000902	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	 same as bona-fide

[ILLEGIBLE]
	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000903	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	 same as bona-fide

[ILLEGIBLE]
	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N	  	
	P0000904	  	Y	  	Y	  	Y	  	upon reciept of a [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	2.39	  	  	N 	  	
	P0000905	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.01	  	  	Y	  	
	P0000906	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.34	  	  	Y	  	1.50
	P0000907	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000908	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000909	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000910	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000911	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000912	  	Y	  	Y	  	Y	  	90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	90 days prior to [ILLEGIBLE]	  	 	1.50	  	  	N	  	
	P0000913	  	Y	  	Y	  	Y	  	Lessee shall have [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	after Lease Year 4	  	 	1.50	  	  	N	  	
	P0000300	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.68	  	  	N	  	
	P0000301	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.68	  	  	N	  	
	P0000302	  	Y	  	Y	  	Y	  	After initial 24 [ILLEGIBLE]	  	FMV determined [ILLEGIBLE]	  	After initial 24 [ILLEGIBLE]	  	 	3.68	  	  	N	  	
	P0000303	  	Y	  	Y	  	Y	  	After initial 24 [ILLEGIBLE]	  	 FMV determined

[ILLEGIBLE]
	  	After initial 24 [ILLEGIBLE]	  	 	3.68	  	  	N	  	
	P0000304	  	Y	  	Y	  	Y	  	After initial 24 [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	After initial 24 [ILLEGIBLE]	  	 	3.68	  	  	N	  	
	P0000305	  	Y	  	Y	  	Y	  	after initial 24 [ILLEGIBLE]	  	 FMV determined b

[ILLEGIBLE]
	  	After initial 24 [ILLEGIBLE]	  	 	3.68	  	  	N	  	
	P0000306	  	Y	  	Y	  	Y	  	90 days prior to 10	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 10, 15 a	  	 	1.74	  	  	N	  	
	P0000309	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	N	  	
	P0000310	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	N	  	
	P0000311	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	N	  	
	P0000312	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	N	  	
	P0000313	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.40	  	  	N	  	
	P0000314	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.40	  	  	N	  	
	P0000315	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.40	  	  	N	  	

																			
	 Property ID
	  	 Is Lease

Triple Net
	  	Insurance
Carrier
Y/N?	  	 Tenant Purchase
Option
	  	
Timing Tenant
Purchase Option
	  	 Tenant Purchase
Option Price
	  	 Tenant Purchase
Option Summary
(requested
by
Citi)
	  	 Obligor
	  	 Corporate FCC
	  	Est. Unit FCCR
based 
on
Regression or
other method
	P0000316	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.40	  	N	  	
	P0000317	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.40	  	N	  	
	P0000318	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.40	  	N	  	
	P0000319	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.95	  	N	  	
	P0000323	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	2.35	  	N	  	
	P0000324	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.09	  	N	  	
	P0000326	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.95	  	N	  	
	P0000327	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.43	  	N	  	
	P0000328	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.43	  	N	  	
	P0000329	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	2.43	  	N	  	
	P0000330	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.01	  	N	  	
	P0000331	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	4.23	  	N	  	
	P0000332	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	4.23	  	N	  	
	P0000336	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	1.49	  	N	  	
	P0000338	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.10	  	N	  	
	P0000349	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	1.74	  	N	  	
	P0000350	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.95	  	N	  	
	P0000351	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	2.95	  	N	  	
	P0000354	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000355	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000356	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000357	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000358	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000359	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000360	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000361	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000362	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000363	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000364	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000365	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000366	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000367	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000368	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000369	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	
	P0000370	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	1.37	  	N	  	

																					
	 Property ID
	  	 Is Lease

Triple Net
	  	Insurance
Carrier
Y/N?	  	 Tenant Purchase
Option
	  	
Timing Tenant
Purchase Option
	  	
Tenant Purchase
Option Price
	  	
Tenant Purchase
Option Summary
(requested by

Citi)
	  	Obligor	 	  	 Corporate FCC
	  	
Est. Unit FCCR
based on
Regression or
other method

	P0000371	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.37	  	  	N	  	
	P0000372	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.37	  	  	N	  	
	P0000373	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.37	  	  	N	  	
	P0000374	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.37	  	  	N	  	
	P0000375	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.37	  	  	N	  	
	P0000378	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000379	  	Y	  	Y	  	Y	  	90 days after [ILLEGIBLE]	  	appraisal price	  	Lease year 10, 15 [ILLEGIBLE]	  	 	4.23	  	  	N	  	
	P0000380	  	Y	  	Y	  	Y	  	90 days prior to [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000381	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.68	  	  	N	  	
	P0000914	  	Y	  	Y	  	Y	  	Lessee shall have [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	End of Lease Year	  	 	1.30	  	  	N	  	
	P0000915	  	Y	  	Y	  	Y	  	Lessee shall have [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	End of Lease Year	  	 	1.30	  	  	N	  	
	P0000916	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.01	  	  	Y	  	
	P0000917	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.93	  	  	N	  	
	P0000918	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.93	  	  	N	  	
	P0000919	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.55	  	  	Y	  	
	P0000390	  	Y	  	Y	  	Y	  	90 days immediate [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year l0 and [ILLEGIBLE]	  	 	1.73	  	  	N	  	
	P0000391	  	Y	  	Y	  	Y	  	90 days immediate [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.73	  	  	N	  	
	P0000392	  	Y	  	Y	  	Y	  	90 days immediate [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.73	  	  	N	  	
	P0000393	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000394	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000395	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000396	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000397	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000398	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	1.13	  	  	N	  	
	P0000399	  	Y	  	Y	  	Y	  	90 days preceding [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000400	  	Y	  	Y	  	Y	  	90 days preceding [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000401	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000402	  	Y	  	Y	  	Y	  	90 days immediate [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10, 15[ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000403	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000404	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000405	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and ‘[ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000406	  	Y	  	Y	  	Y	  	90 days immediate [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10, 15 [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000408	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000409	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	
	P0000410	  	Y	  	Y	  	Y	  	90 days before [ILLEGIBLE]	  	greater of FMV [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.95	  	  	N	  	

																			
	 Property ID
	 	 Is Lease

Triple Net
	 	Insurance
Carrier
Y/N?	 	Tenant Purchase
Option	 	Timing Tenant
Purchase Option	 	Tenant Purchase
Option Price	 	Tenant Purchase
Option Summary
(requested by
Citi)	 	 Obligor
	 	 Corporate FCC
	 	Est. Unit FCCR
based on
Regression or
other method
	P0000411	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.95	 	N	 	
	P0000412	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.95	 	N	 	
	P0000415	 	Y	 	Y	 	N	 	n/a	 	n/a	 	n/a	 	2.61	 	N	 	
	P0000416	 	Y	 	Y	 	Y	 	upon receipt of a [illegible]	 	same as bona-fide [illegible]	 	upon receipt of a [illegible]	 	2.39	 	N	 	
	P0000417	 	Y	 	Y	 	Y	 	Upon receipt of a [illegible]	 	same as bona-fide [illegible]	 	upon receipt of a [illegible]	 	2.39	 	N	 	
	P0000418	 	Y	 	Y	 	Y	 	upon receipt of a [illegible]	 	same as bona-fide [illegible]	 	upon receipt of a [illegible]	 	2.39	 	N	 	
	P0000419	 	Y	 	Y	 	Y	 	upon receipt of a [illegible]	 	same as bona-fide [illegible]	 	upon receipt of a [illegible]	 	2.39	 	N	 	
	P0000420	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000421	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000424	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000425	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000426	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000428	 	Y	 	Y	 	Y	 	Within 90 days of [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.04	 	N	 	
	P0000429	 	Y	 	Y	 	N	 	n/a	 	n/a	 	n/a	 	2.01	 	N	 	
	P0000431	 	Y	 	Y	 	Y	 	90 days preceding	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.40	 	N	 	
	P0000432	 	Y	 	Y	 	Y	 	90 days preceding	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.40	 	N	 	
	P0000433	 	Y	 	Y	 	Y	 	90 days preceding	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.40	 	N	 	
	P0000434	 	Y	 	Y	 	Y	 	90 days [illegible]	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	1.91	 	N	 	
	P0000436	 	Y	 	Y	 	Y	 	Purchase Window: [illegible]	 	Purchase Window:	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000437	 	Y	 	Y	 	Y	 	Purchase Window: [illegible]	 	Purchase Window:	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000438	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000439	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000440	 	Y	 	Y	 	Y	 	(a) If Lessee does [illegible]	 	greater of FMV or [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000442	 	Y	 	Y	 	Y	 	90 days preceding	 	10th -122% of [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000443	 	Y	 	Y	 	Y	 	90 days preceding [illegible]	 	10th -122% of [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000446	 	Y	 	Y	 	Y	 	Purchase Window:	 	FMV but not less [illegible]	 	Effective date 3/1/2	 	2.59	 	N	 	
	P0000449	 	Y	 	Y	 	Y	 	Any time after 3/1/2007 [illegible]	 	Purchase [illegible]	 	Effective date 3/1/2 [illegible]	 	2.59	 	N	 	
	P0000450	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	90 days before year	 	2.59	 	N	 	
	P0000451	 	Y	 	Y	 	N	 	n/a	 	n/a	 	n/a	 	2.59	 	N	 	
	P0000453	 	Y	 	Y	 	N	 	n/a	 	n/a	 	n/a	 	2.59	 	N	 	
	P0000454	 	Y	 	Y	 	Y	 	90 days preceding	 	10th -122% of [illegible]	 	Lease year 10, 15 [illegible]	 	2.59	 	N	 	
	P0000455	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Effective 1/1/09 [illegible]	 	2.59	 	N	 	
	P0000456	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.95	 	N	 	
	P0000457	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.95	 	N	 	
	P0000459	 	Y	 	Y	 	Y	 	90 days before [illegible]	 	greater of FMV or [illegible]	 	Lease year 10 and [illegible]	 	2.95	 	N	 	

																									
	 Propery ID
	  	Is Lease
Triple Net	  	Insurance
Carrier
Y/N?	  	Tenant Purchase
Option	  	
Timing Tenant
Purchase Option
	  	Tenant Purchase
Option Price	 	Tenant Purchase
Option Summary
(requested by
Citi)	  	Obligor	 	  	Corporate FCC	 	  	Est. Unit FCCR
based on
Regression or
other method	 
	P0000920	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.37	  	  	 	Y	  	  			
	P0000921	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	2.15	  	  	 	Y	  	  	 	2.02	  
	P0000922	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.72	  	  	 	N	  	  			
	P0000923	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.72	  	  	 	N	  	  			
	P0000924	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.72	  	  	 	N	  	  			
	P0000925	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.72	  	  	 	N	  	  			
	P0000926	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	3.05	  	  	 	N	  	  			
	P0000927	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	3.05	  	  	 	N	  	  			
	P0000928	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	3.05	  	  	 	N	  	  			
	P0000929	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	3.05	  	  	 	N	  	  			
	P0000930	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.37	  	  	 	Y	  	  			
	P0000931	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	2.95	  	  	 	N	  	  			
	P0000932	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	2.32	  	  	 	N	  	  			
	P0000933	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	3.92	  	  	 	N	  	  			
	P0000934	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.37	  	  	 	Y	  	  			
	P0000935	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.55	  	  	 	Y	  	  			
	P0000936	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.37	  	  	 	Y	  	  			
	P0000937	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  			
	P0000938	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	3.94	  
	P0000939	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	2.94	  
	P0000940	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	2.94	  
	P0000941	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	1.82	  
	P0000942	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	1.65	  
	P0000943	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	3.94	  
	P0000944	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	4.64	  
	P0000945	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	3.69	  
	P0000946	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	2.54	  
	P0000947	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	1.50	  
	P0000948	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	3.29	  
	P0000949	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	2.28	  
	P0000950	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	6.07	  	  	 	Y	  	  	 	2.98	  
	P0000951	  	Y	  	Y	  	Y	  	 Lessee shall have

[ILLEGIBLE]
	  	greater of FMV or
[ILLEGIBLE]	 	After Lease Year 4	  	 	1.30	  	  	 	N	  	  			
	P0000952	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	1.37	  	  	 	Y	  	  			
	P0000953	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000954	  	Y	  	Y	  	N	  	n/a	  	n/a	 	n/a	  	 	2.22	  	  	 	N	  	  			

																									
	 Property ID
	  	Is Lease
Triple Net	  	Insurance
Carrier
Y/N?	  	Tenant Purchase
Option	  	 Timing Tenant
Purchase Option
	  	 Tenant Purchase
Option Price
	  	 Tenant Purchase
Option Summary
(requested
by
 Citi)
	  	Obligor	 	  	Corporate FCC	 	  	Est. Unit FCCR
based on
Regression or
other method	 
	P0000955	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000956	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000957	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000958	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000959	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	N	  	  			
	P0000960	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	6.07	  	  	 	Y	  	  	 	3.86	  
	P0000961	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.99	  	  	 	N	  	  			
	P0000962	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.99	  	  	 	N	  	  			
	P0000963	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000964	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000965	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000966	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000967	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000968	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000969	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000970	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000971	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000972	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000973	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.75	  	  	 	Y	  	  			
	P0000673	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000675	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000676	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000677	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000678	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000679	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			
	P0000680	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	 greater of FMV or
 [ILLEGIBLE]
	  	 Lease year 10 and

[ILLEGIBLE]
	  	 	2.35	  	  	 	N	  	  			
	P0000681	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000682	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000683	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000685	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000687	  	Y	  	Y	  	Y	  	 during 90 days

[ILLEGIBLE]
	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000688	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000689	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000691	  	Y	  	Y	  	Y	  	during 90 days [ILLEGIBLE]	  	greater of FMV or [ILLEGIBLE]	  	Lease year 10 and [ILLEGIBLE]	  	 	2.35	  	  	 	N	  	  			
	P0000692	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.59	  	  	 	N	  	  			

																									
	 Property ID
	  	Is Lease
Triple Net	  	Insurance
Carrier
Y/N?	  	Tenant Purchase
Option	  	 Timing Tenant
Purchase Option
	  	 Tenant Purchase
Option Price
	  	 Tenant Purchase
Option Summary
(requested
by
 Citi)
	  	Obligor	 	  	Corporate FCC	 	  	Est. Unit FCCR
based on
Regression or
other method	 
	P0000974	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	Y	  	  	 	5.00	  
	P0000975	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.10	  	  	 	Y	  	  			
	P0000976	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	5.08	  	  	 	N	  	  			
	P0000977	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	5.08	  	  	 	N	  	  			
	P0000978	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	5.08	  	  	 	N	  	  			
	P0000979	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	5.08	  	  	 	N	  	  			
	P0000980	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	4.10	  	  	 	Y	  	  			
	P0000706	  	Y	  	Y	  	Y	  	between 4/1 /09 [ILLEGIBLE]	  	 FMV or purchase

[ILLEGIBLE]
	  	Lease year 4	  	 	1.86	  	  	 	N	  	  			
	P0000707	  	Y	  	Y	  	Y	  	during first 181 day [ILLEGIBLE]	  	 greater of FMV or

[ILLEGIBLE]
	  	Lease year 5	  	 	1.66	  	  	 	N	  	  			
	P0000708	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	 	N	  	  			
	P0000709	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	 	N	  	  			
	P0000710	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	 	N	  	  			
	P0000711	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	 	N	  	  			
	P0000730	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.60	  	  	 	N	  	  			
	P000073I	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.60	  	  	 	N	  	  			
	P0000732	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	3.01	  	  	 	Y	  	  			
	P0000737	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	1.81	  	  	 	N	  	  			
	P0000738	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.22	  	  	 	Y	  	  			
	P0000747	  	Y	  	Y	  	N	  	n/a	  	n/a	  	n/a	  	 	2.25	  	  	 	Y	  	  			
	P0000748	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000749	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000750	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000751	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000752	  	Y	  	Y	  	Y.	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000753	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide[ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000754	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000755	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000756	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000757	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000758	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000759	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000760	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000761	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000762	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			
	P0000763	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  			

																							
	 Property ID
	  	Is Lease
Triple Net	  	Insurance
Carrier
Y/N?	  	Tenant Purchase
Option	  	Timing Tenant
Purchase Option	  	Tenant Purchase Option
Price	  	 Tenant Purchase
Option Summary
(requested by

Citi)
	  	Obligor	 	  	Corporate FCC	 	  	Est. Unit FCCR
based on
Regression or
other method
	P0000764	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000765	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000766	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000767	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000768	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000769	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000770	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000771	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	
										
	P0000772	  	Y	  	Y	  	Y	  	after 3rd year, [ILLEGIBLE]	  	same as bona-fide [ILLEGIBLE]	  	upon reciept of a [ILLEGIBLE]	  	 	1.40	  	  	 	N	  	  	

 EXHIBIT B 
 FORM OF REQUEST FOR RELEASE — PROPERTY MANAGER 
 [Date] 

LaSalle Bank, National Association 
 [ADDRESS]

 Citibank, N.A. 
 388 Greenwich
Street 
 14th Floor New York, New York 10013 
 Attention: Agency and Trust, Spirit Master Funding Series 200[    ]-[    ] 
 Spirit Master Funding, LLC 
 [ADDITIONAL ISSUERS] 

14631 N. Scottsdale Road, Suite 200 
 Scottsdale,
Arizona 85254 
  

	 	Re:	Spirit Master Funding. Net-Lease Mortgage Notes, Spirit Master Funding Series 200[    ]-[    ] 

In connection with the administration of the Lease Files held by or on behalf of you as trustee under that certain Amended and Restated
Property Management and Servicing Agreement, dated as of March 17, 2006 (the “Property Management Agreement”), among Spirit Master Funding, LLC and [ADDITIONAL ISSUERS], each as an issuer (each, an
“Issuer”), the undersigned, as property manager (the “Property Manager”) and special servicer (the “Special Servicer”) and Midland Loan Services, Inc., as back-up manager (the
“Back-Up Manager”), the undersigned as Property Manager hereby requests a release of the Lease File (or the portion thereof specified below) held by the Custodian on behalf of the Indenture Trustee with respect to the
following described Lease for the reason indicated below. 
 Tenant’s Name:
                                        

 Address:
                                        

 Lease No.:
                                        

 If only particular documents in the Lease File are requested, please specify which: 
 Reason for requesting Lease File (or portion thereof): 
  

					
		  	  1.	  	Lease paid in full and terminated.
			
		  		  	The undersigned hereby certifies that all amounts received in connection with the Lease that are required to be deposited in the Collection Account

  
 B-1

					
		  		  	pursuant to the Property Management Agreement, have been or will be so deposited.
			
		  	  2.	  	Other. (Describe)

 The undersigned acknowledges that the above Lease File (or requested portion thereof) will be held by the
undersigned in accordance with the provisions of the Property Management Agreement and will be returned to you or your designee within ten (10) days of our receipt thereof, unless the Lease has become a Liquidated Lease, in which case the Lease
File (or such portion thereof) will be retained by us permanently. 
 Capitalized terms used but not defined herein shall have
the meanings ascribed to them in the Property Management Agreement. 
  

					
	 SPIRIT FINANCE CORPORATION
 as Property Manager

			
		 	 By:
	 	  

		 		 	Name:
		 		 	Title:

  
 B-2

 EXHIBIT C 
 FORM OF REQUEST FOR RELEASE — SPECIAL SERVICER 
 [Date]

 LaSalle Bank, National Association 
 [ADDRESS] 
 Spirit Master Funding, LLC 
 [ADDITIONAL ISSUERS] 
 14631 N. Scottsdale Road, Suite 200 

Scottsdale, Arizona 85254 
  

	 	Re:	Spirit Master Funding, LLC. Net-Lease Mortgage Notes, Spirit Master Funding Series 200[ ]-[ ] 

In connection with the administration of the Lease Files held by or on behalf of you as trustee under that certain Amended and Restated
Property Management and Servicing Agreement, dated as of March 17, 2006 (the “Property Management Agreement”); among Spirit Master Funding, LLC and [ADDITIONAL ISSUERS], each as issuer (each, an
“Issuer”), the undersigned, as property manager (the “Property Manager”) and special servicer (the “Special Servicer”) and Midland Loan Services, Inc., as back-up manager (the
“Back-Un Manager”), the undersigned as Special Servicer hereby requests a release of the Lease File (or the portion thereof specified below) held by the Custodian on behalf of the Indenture Trustee with respect to the
following described Lease for the reason indicated below. 
 Tenant’s Name:
                                         
    
 Address:
                                        

 Loan No.:
                                        

 If only particular documents in the Lease File are requested, please specify which: 
 Reason for requesting Lease File (or portion thereof): 
  

					
		  	  1.	  	The Tenant is being evicted.
			
		  	  2.	  	Other. (Describe)

 The undersigned acknowledges that the above Lease File (or requested portion thereof) will be held by the
undersigned in accordance with the provisions of the Property Management Agreement and will be returned to you or your designee within ten (10) days of our receipt thereof, unless (i) the Tenant is being evicted, in which case the Lease
File (or such portion thereof) will be returned when no longer required by us for such purpose, or (ii) we deliver to the Indenture Trustee an Officer’s Certificate stating that the Lease has become a Liquidated Lease and all amounts
received or to be received in connection with such liquidation 

  
 C-1

 
that are required to be deposited into the Release Account or the Collection Account pursuant to Section 3.04(a) of the Property Management Agreement have been or will be so
deposited. 
 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Property Management
Agreement. 
  

					
	 SPIRIT FINANCE CORPORATION, as
 Special Servicer

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 C-2

 EXHIBIT D 
 FORM OF LIMITED POWERS OF ATTORNEY 
 FROM ISSUER OR INDENTURE TRUSTEE

 KNOW ALL MEN BY THESE PRESENTS: 
 WHEREAS, pursuant to that certain Amended and Restated Property Management and Servicing Agreement, dated as of March 17, 2006 (the “Agreement”), among Spirit Master Funding,
LLC and [ADDITIONAL ISSUERS], each as Issuer (each, as “Issuer”). Spirit Finance Corporation (“Spirit Finance”), as property manager (the “Property Manager”) and special
servicer (the “Special Servicer”). and Midland Loan Services, Inc., as back-up manager (the “Back-Up Manager”), the [Property Manager] [Special Servicer] (hereafter, the
“Servicer”) administers and services certain “Mortgaged Properties” and “Leases” as such terms are defined in the Agreement, in accordance with the terms of the Agreement and such Leases; and, 

WHEREAS, pursuant to the terms of the Agreement, Spirit Finance is granted certain powers, responsibilities and authority in connection
with its servicing and administration Subject to the terms of the Agreement; and 
 WHEREAS, [ISSUER][the Indenture Trustee]
(hereafter, the “Grantor”) has been requested by Spirit Finance pursuant to the Agreement to grant this Limited Power of Attorney to Spirit Finance to enable it to execute and deliver, on behalf of the Grantor, certain
documents and instruments related to the Mortgaged Properties and Leases, thereby empowering Spirit Finance to take such actions as it deems necessary to comply with its servicing, administrative and management duties under and in accordance with
the Agreement. 
 NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS: 
 The Grantor does make, constitute and appoint [Spirit Finance Corporation, a Delaware limited liability company], its true and lawful agent and attorney in fact with respect to the Mortgaged Properties
and Leases held by the Grantor, in its name, place and stead, to (A) prepare, execute and deliver: (i) any and all financing statements, continuation statements and other documents or instruments necessary to maintain the validity,
enforceability, perfection and priority of the Grantor’s interest in any real property (collectively, the “Mortgaged Property”) and any Lease with respect to any Mortgaged Property; (ii) subject to the provisions of
the Agreement, any and all modifications, waivers, consents, assumptions, amendments or subordinations with respect to a Lease or documents relating thereto; and (iii) any and all instruments necessary or appropriate for the eviction of any
Tenant under a Lease serviced by Spirit Finance and consistent with the authority granted by the Agreement; and (B) to take any and all actions on behalf of the Grantor in connection with maintaining and defending the enforceability of any such
Lease obligation, including but not limited to the execution of any and all instruments necessary or appropriate in defense of and for the collection and enforcement of said Lease obligation in accordance with the terms of the Agreement 

  
 D-1

 ARTICLE I 
 The enumeration of particular powers hereinabove is not intended in any way to limit the grant to the Property Manager as the Grantor’s attorney in fact of full power and authority with respect to
the Leases and Mortgaged Properties to execute and deliver any such documents, instrument or other writing as fully, in all intents and purposes, as Grantor might or could do if personally present. The Grantor hereby ratifies and confirms whatsoever
such attorney in fact shall and may do by virtue hereof, and the Grantor agrees and represents to those dealing with such attorney in fact that they may rely upon this power of attorney until termination of the power of attorney under the provisions
of Article III below. As between the Grantor and the Property Manager, the Property Manager may not exercise any right, authority or power granted by this instrument in a manner that would violate the terms of the Agreement or the servicing standard
imposed on the Property Manager by the Agreement, but any and all third parties dealing with Property Manager as the Grantor’s attorney in fact may rely completely, unconditionally and conclusively on the Property Manager’s authority and
need not make inquiry about whether the Property Manager is acting pursuant to the Agreement or such standard. Any trustee, title company or other third party may rely upon a written statement by the Property Manager that any particular lease or
property in question is subject to and included under this power of attorney and the Agreement. 
 ARTICLE II 

An act or thing lawfully done hereunder by the Property Manager shall be binding on the Grantor and the Grantor’s successor and
assigns. 
 ARTICLE III 
 This power of attorney shall continue in full force and effect from the date hereof until the earlier of (a) one year from the date hereof or (b) the earliest occurrence of any of the following
events, unless sooner revoked in writing by the Grantor: 
  

	 	(i)	the suspension or termination of this limited power of attorney by the Grantor; 

 

	 	(ii)	the transfer of the Property Manager’s servicing rights and obligations as the [Property Manager] [Special Servicer] under the Agreement from the Property Manager
to another servicer; 

  

	 	(iii)	the appointment of a receiver or conservator with respect to the business of the Property Manager; 

 

	 	(iv)	the filing of a voluntary or involuntary petition in bankruptcy by or against the Property Manager; or 

 

	 	(v)	the occurrence of a Servicer Replacement Event. 

  
 D-2

 Nothing herein shall be deemed to amend or modify the Agreement or the respective rights,
duties or obligations of the Grantor or Spirit Finance thereunder, and nothing herein shall constitute a waiver of any rights or remedies thereunder. 
 IN WITNESS WHEREOF, the Grantor has caused this instrument to be executed and its corporate seal to be affixed hereto by its officer duly authorized as of the     day of
            ,         . 
  

			
	[                    ],
	as an Issuer under that certain Amended and Restated Property Management and Servicing Agreement dated as of March 17,
2006

 
					
			
		 	By:	 	  

		 		 	 Name:

		 		 	 Title:

  
 D-3

			
	STATE OF	 	)
		 	) ss.:
	COUNTY OF	 	)

 On the    day
of            ,         , before me, a notary public in and for said State, personally
appeared                    , known to me to be
a                    of                    , one
of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of such entity, and acknowledged to me that such entity executed the within instrument. 

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

  

	
	  

	Notary Public

 [Notarial Seal] 

  
 D-4

 EXHIBIT E 
 CALCULATION OF FIXED CHARGE COVERAGE RATIOS 
  

	 	1.	Adjusted EBITDAR: As to any Tenant (including any Guarantor), an amount equal to the sum of (i) pre-tax income, (ii) interest expense, (iii) all
non-cash amounts hi respect of depreciation and amortization, (iv) all non-recurring expenses, (v) specifically documented discretionary management fees, and (vi) all operating lease or rent expense (including with respect to any
Equipment Loans) less (vii) all non-recurring income and normalized overhead based on parent company’s general and administrative expenses as a percent of sales (if not available, industry standards applied);

  

	 	2.	Fixed Charges: As to any Obligor (including any Guarantor), an amount equal to the sum of (i) total operating lease or rent expenses, (ii) interest
expense, and (iii) scheduled principal payments on indebtedness, in each case for the period of tune as to which such figure is presented; and 

  

	 	3.	FCCR: Adjusted EBITDAR/Fixed Charges. 

Or in summarized Form 
  

	 	(EBITDA	+ Management Fees + Rent) / ( Rent + Principal + Interest) 

 EXHIBIT F 
 FORM OF DETERMINATION DATE REPORT 

																							
	 [illegible] Date Report
  

[illegible] Due Date (by 3 p.m. New York time)
	 	Due to:	 
	
                        
                            Payment Date:
	 	[illegible]	 	 	Bond Holders	  	 	 	Ambac	  	 	 	Citibank	  	 	 	Midland	  	 	 	Spirit	  
	
                   
                         For the period from
  
	 	[illegible]	 				 				 				 				 			
	
                        
                                         
       to
	 	[illegible]	 				 				 				 				 			
							
	
                        
              Actual number of days
	 		 				 				 				 				 			
							
	 [illegible] Value Beginning Balance
	 		 				 				 				 				 			
	 [illegible] Pay down on Mortgage Loans Receivable
	 	[illegible]	 				 				 				 				 			
	 [illegible] Pay down on Equipment Loans Receivable
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] Value Ending Balance
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
		 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] Value of Specially Serviced Asset
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
		 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] Outstanding
	 		 				 				 				 				 			
							
	 [illegible] Account:
	 		 				 				 				 				 			
	 [illegible] Beginning of Period
	 		 				 				 				 				 			
							
	 Cash proceeds from release/substitution
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments in Release Account
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments Transferred to Collection Account
	 		 				 				 				 				 			
	 Inscheduled Proceeds Transferred to Collection Account
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] End of Period
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
							
	 [illegible] Funds Collected:
	 		 				 				 				 				 			
	 [illegible] Principal on Mortgage Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Interest on Mortgage Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Principal on Equipment Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Interest on Equipment Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Rents
	 		 				 				 				 				 			
	 [illegible] Describe
	 		 				 				 				 				 			
	 [illegible] Prepayments
	 		 				 				 				 				 			
	 [illegible] Cash Flow
	 		 				 				 				 				 			
	 Additional Servicing Compensation
	 		 				 				 				 				 			
	 [illegible] Maintenance
	 		 				 				 				 				 			
	 [illegible] Undertaking
	 		 				 				 				 				 			
	 [illegible] on Insurance Claims
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments Transferred from Release Account
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments-Collection Account
	 		 				 				 				 				 			
	 Inscheduled Proceeds transferred from Release Account
	 		 				 				 				 				 			
	 [illegible] Indemnity Agreement
	 		 				 				 				 				 			
	 [illegible] released from Cash flow Coverage Reserve Account
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
							
	 [illegible] Funds Collected
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
							
	 [illegible] Funds Distributed;
	 		 				 				 				 				 			
	 [illegible] Manager Additional Servicing Compensation
	 		 				 				 				 				 			
	 [illegible] Servicer Additional Servicing Compensation
	 		 				 				 				 				 			
	 [illegible] Property Expenses
	 		 				 				 				 				 			
	 [illegible] cash flow
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] Amount
	 		 				 				 				 				 			
							
	 [illegible] Pool Expenses:
	 		 				 				 				 				 			
	 [illegible] Protection Advances
	 		 				 				 				 				 			
	 [illegible] on Property Protection Advances paid

Special Servicing Fee
	 		 				 				 				 				 			
	 [illegible] Fees
	 		 				 				 				 				 			
	 [illegible] Fees
	 		 				 				 				 				 			
	 [illegible] Available Amount
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
							
	 [illegible] Trustee Fee Series A-1
	 		 				 				 				 				 			
	 [illegible] Agent Fee ([illegible] due in May each year)
	 		 				 				 				 				 			
	 [illegible] Agent Activity Fees
	 		 				 				 				 				 			
	 [illegible] Management Fee
	 		 				 				 				 				 			
	 [illegible] Servicer Fee
	 		 				 				 				 				 			
	 [illegible] Fee
	 		 				 				 				 				 			
	 [illegible] Expenses
	 		 				 				 				 				 			
	 [illegible] Property Protection Advances
	 		 				 				 				 				 			
	 [illegible] on Nonrecoverable Protection Advances
	 		 				 				 				 				 			
	 [illegible] Expenses
	 		 				 				 				 				 			
	 [illegible] Premium
	 		 				 				 				 				 			
	 [illegible] on Series Notes
	 		 				 				 				 				 			
	 [illegible] Principal on Series Notes

scheduled Principal on Series Notes
	 		 				 				 				 				 			
	 [illegible] whole payments
	 		 				 				 				 				 			
							
	 [illegible] to Issuer
	 		 				 				 				 				 			
	 [illegible] Cash flow to Issuer
	 		 				 				 				 				 			
		 	  
	 	  
	  
	 
							
	 [illegible] Funds Distributed
	 		 				 				 				 				 			
		 	  
	 	  
	  
	 
							
	 [illegible] flow Coverage Ratio:
	 		 				 				 				 				 			
		 		 				 				 				 				 	  
	  
	 
	 [illegible] Principal on Mortgage Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Interest on Mortgage Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Principal on Equipment Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Interest on Equipment Loans Receivable
	 		 				 				 				 				 			
	 [illegible] Rents
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments Transferred from Release Account
	 		 				 				 				 				 			
	 [illegible] Earnings on Permitted Investments-Collection Account
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 A    
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] on Series Notes
	 		 				 				 				 				 			
	 [illegible] Principal on Series Notes
	 		 				 				 				 				 			
	 [illegible] Debt Service
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 B    
	 		 				 				 				 				 			
		 	  
	 				 				 				 				 			
	 [illegible] flow Coverage Ratio
	 		 				 				 				 				 			
	 A/B
	 		 				 				 				 				 			
							
	 [illegible] Cash flow Coverage Ratio
	 		 				 				 				 				 			
							
	 [illegible] Issuer Expense Cap (changes each anniversary)
	 		 				 				 				 				 			
	 [illegible] Issuer Expense Charges
	 		 				 				 				 				 			
							
	 [illegible] Extraordinary Expense Cap (changes each anniversary)
	 		 				 				 				 				 			
	 [illegible] Extraordinary Expense Charges
	 		 				 				 				 				 			

 EXHIBIT G 
 FORM OF JOINDER AGREEMENT 
 FORM OF JOINDER AGREEMENT 

THIS JOINDER AGREEMENT (this “Agreement”), dated as of [        ],
200[    ], is entered into by and among [SPIRIT SPE] (the “New Issuer”), SPIRIT FINANCE CORPORATION, in its capacity as Property Manager and Special Servicer, as applicable, and MIDLAND LOAN SERVICES, INC., in its
capacity as Back-Up Manager, under that certain Amended and Restated Property Management and Servicing Agreement, dated as of March 17, 2006, among Spirit Master Funding, LLC, all Joining Parties, the Property Manager, the Special Servicer and
the Back-Up Manager (as the same may be amended, modified, extended or restated from time to time, the “Property Management Agreement”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Property Management Agreement. 
 The New Issuer is a [ENTITY] established under the laws of the State of
[        ] on [            ], 200[    ], operates under an [Amended and Restated] [ENTITY AGREEMENT], dated as of
[            ], 200[    ] (the “New Issuer Agreement”) 
 The New Issuer, the Property Manager, the Special Servicer and the Back-Up Manager hereby agree as follows: 
 1. The New Issuer hereby acknowledges, agrees and confirms that, by its execution of this Agreement, effective as of the date hereof, the New Issuer shall become a party to the Property Management
Agreement, shall be deemed to be a signatory to the Property Management Agreement and shall have all of the rights and obligations of an Issuer as specified in the Property Management Agreement. The New Issuer hereby ratifies, as of the date hereof,
and agrees to be bound by, all of the applicable terms, provisions and conditions contained in the Property Management Agreement. 
 2. The address of the New Issuer for purposes of Section 9.04(c) of the Property Management Agreement shall be as follows: 

 

			
	 [ADDRESS]
	 	
		
	 Attention:
	 	
		
	 Facsimile No.
	 	
		
		 	With a copy to
		
	 [ADDRESS]
	 	
		
	 Attention:
	 	

					
	 Facsimile No.
	 		  	

 3. This Agreement may be executed in any number of counterparts, each of which when so executed and
delivered shall be an original, but all of which shall constitute one and the same instrument. 
 4. THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 IN WITNESS WHEREOF, the New Issuer, the Property Manager, the Special Servicer and the Back-Up Manager have caused this Agreement to be duly executed by their respective officers or representatives all as
of the day and year first above written. 
  

			
	 [NEW ISSUER]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 SPIRIT FINANCE CORPORATION, as Property
 Manager and Special Servicer

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 MIDLAND LOAN SERVICES, INC., as Back-Up
 Manager

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 EXHIBIT H 
 SCHEDULE OF MORTGAGE LOANS AND LEASES 
 SUBJECT TO INSURER NOTICE AND
CONSENT 
  

											
	 Property ID
	  	 Concept
	  	 Address
	  	 City
	  	 State
	  	 Zip Code

						
	P0000872	  	Camelback Ski Resort	  	1 Camelback Road	  	Tannersville	  	PA	  	18372

 EXHIBIT I 
 INDENTURE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]