Document:

Exhibit 10.3

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             J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,

                                    PURCHASER

                         NOMURA CREDIT & CAPITAL, INC.,

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                           Dated as of August 1, 2007

                            Fixed Rate Mortgage Loans

                                Series 2007-LDP12

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            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of August 1, 2007, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and Nomura Credit & Capital, Inc., as
seller (the "Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of August 1, 2007 (the "Pooling and Servicing Agreement") among the
Purchaser, as depositor (the "Depositor"), Wells Fargo Bank, N.A., as master
servicer (the "Master Servicer"), J.E. Robert Company, Inc., as special servicer
(the "Special Servicer"), and LaSalle Bank National Association, as trustee (the
"Trustee"), pursuant to which the Purchaser will sell the Mortgage Loans (as
defined herein) to a trust fund and certificates representing ownership
interests in the Mortgage Loans will be issued by the trust fund. For purposes
of this Agreement, the term "Mortgage Loans" refers to the mortgage loans listed
on Exhibit A and the term "Mortgaged Properties" refers to the properties
securing such Mortgage Loans.

            The Purchaser and the Seller wish to prescribe the manner of sale of
the Mortgage Loans from the Seller to the Purchaser and in consideration of the
premises and the mutual agreements hereinafter set forth, agree as follows:

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse
(subject to certain agreements regarding servicing as provided in the Pooling
and Servicing Agreement, subservicing agreements permitted thereunder and that
certain Servicing Rights Purchase Agreement, dated as of the Closing Date
between the Master Servicer and the Seller) all of its right, title, and
interest in and to the Mortgage Loans including all interest and principal
received on or with respect to the Mortgage Loans after the Cut-off Date (other
than payments of principal and interest first due on the Mortgage Loans on or
before the Cut-off Date). Upon the sale of the Mortgage Loans, the ownership of
each related Mortgage Note, the Mortgage and the other contents of the related
Mortgage File will be vested in the Purchaser and immediately thereafter the
Trustee and the ownership of records and documents with respect to the related
Mortgage Loan prepared by or which come into the possession of the Seller (other
than the records and documents described in the proviso to Section 3(a) hereof)
shall immediately vest in the Purchaser and immediately thereafter the Trustee.
The Seller's records will accurately reflect the sale of each Mortgage Loan to
the Purchaser. On the Closing Date, the Seller shall also deliver to the
Depositor an amount equal to $45,471.63, which amount represents the aggregate
amount of interest that would have accrued at the related Mortgage Rates on the
applicable Mortgage Loans commencing August 1, 2007 for those Mortgage Loans
that do not have a Due Date in September 2007. The Depositor will sell the Class
A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A, Class X, Class
A-M, Class A-J, Class B, Class C, Class D, Class E and Class F Certificates (the
"Offered Certificates") to the underwriters (the "Underwriters") specified in
the underwriting agreement, dated August 24, 2007 (the "Underwriting Agreement")
between the Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and
as representative of the several underwriters identified therein, and the
Depositor will sell the Class G, Class H and Class J Certificates and a portion
of the Class K Certificates to JPMSI and/or UBS Securities LLC as initial
purchasers and sell the remaining portion of the Class K Certificates and the
Class L, Class M, Class N, Class P, Class Q, Class T and Class NR Certificates
through JPMSI, as placement agent pursuant to the certificate purchase and
placement agreement dated August 24, 2007 (the "Certificate Purchase and
Placement Agreement"), among the Depositor, JPMSI, for itself as initial
purchaser and on behalf of UBS Securities LLC, as initial purchaser, and JPMSI
as placement agent.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser (i) shall pay to the Seller or at
the Seller's direction in immediately available funds the sum of $386,807,603.73
(which amount is inclusive of accrued interest and exclusive of the Seller's pro
rata share of the costs set forth in Section 9 hereof) and (ii) transfer the
Class X-PP2 Certificates to the Seller. The purchase and sale of the Mortgage
Loans shall take place on the Closing Date.

            SECTION 2. Books and Records; Certain Funds Received After the
Cut-off Date. From and after the sale of the Mortgage Loans to the Purchaser,
record title to each Mortgage and the related Mortgage Note shall be transferred
to the Trustee in accordance with this Agreement. Any funds due after the
Cut-off Date in connection with a Mortgage Loan received by the Seller shall be
held in trust for the benefit of the Trustee as the owner of such Mortgage Loan
and shall be transferred promptly to the Master Servicer. All scheduled payments
of principal and interest due on or before the Cut-off Date but collected after
the Cut-off Date, and recoveries of principal and interest collected on or
before the Cut-off Date (only in respect of principal and interest on the
Mortgage Loans due on or before the Cut-off Date and principal prepayments
thereon), shall belong to, and shall be promptly remitted to, the Seller.

            The transfer of each Mortgage Loan shall be reflected on the
Seller's balance sheets and other financial statements as a sale of the Mortgage
Loans by the Seller to the Purchaser. The Seller intends to treat the transfer
of each Mortgage Loan to the Purchaser as a sale for tax purposes.

            The transfer of each Mortgage Loan shall be reflected on the
Purchaser's balance sheets and other financial statements as a purchase of the
Mortgage Loans by the Purchaser from the Seller. The Purchaser intends to treat
the transfer of each Mortgage Loan from the Seller as a purchase for tax
purposes.

            SECTION 3. Delivery of Mortgage Loan Documents; Additional Costs and
Expenses. (a) The Purchaser hereby directs the Seller, and the Seller hereby
agrees, upon the transfer of the Mortgage Loans contemplated herein, to deliver
on the Closing Date to the Trustee or a Custodian appointed thereby, all
documents, instruments and agreements required to be delivered by the Purchaser
to the Trustee with respect to the Mortgage Loans under Sections 2.01(b) and
2.01(c) of the Pooling and Servicing Agreement, and meeting all the requirements
of such Sections 2.01(b) and 2.01(c), and such other documents, instruments and
agreements as the Purchaser or the Trustee shall reasonably request. In
addition, the Seller agrees to deliver or cause to be delivered to the Master
Servicer, the Servicing File for each Mortgage Loan transferred pursuant to this
Agreement; provided that the Seller shall not be required to deliver any draft
documents, or any attorney client communications which are privileged
communications or constitute legal or other due diligence analyses, or internal
communications of the Seller or its affiliates, or credit underwriting or other
analyses or data.

            (b) With respect to the transfer described in Section 1 hereof, if
the Mortgage Loan documents do not require the related Mortgagor to pay any
costs and expenses relating to any modifications to a related letter of credit
which modifications are required to effectuate such transfer (the "Transfer
Modification Costs"), then the Seller shall pay the Transfer Modification Costs
required to transfer the letter of credit to the Trustee as described in such
Section 1; provided that if the Mortgage Loan documents require the related
Mortgagor to pay any Transfer Modification Costs, such Transfer Modification
Costs shall be an expense of the Mortgagor unless such Mortgagor fails to pay
such Transfer Modification Costs after the Master Servicer has exercised all
remedies available under the Mortgage Loan documents to collect such Transfer
Modification Costs from such Mortgagor, in which case the Master Servicer shall
give the Seller notice of such failure and the amount of such Transfer
Modification costs and the Seller shall pay such Transfer Modification Costs.

            SECTION 4. Treatment as a Security Agreement. The Seller,
concurrently with the execution and delivery hereof, has conveyed to the
Purchaser, all of its right, title and interest in and to the Mortgage Loans.
The parties intend that such conveyance of the Seller's right, title and
interest in and to the Mortgage Loans pursuant to this Agreement shall
constitute a purchase and sale and not a loan. If such conveyance is deemed to
be a pledge and not a sale, then the parties also intend and agree that the
Seller shall be deemed to have granted, and in such event does hereby grant, to
the Purchaser, a first priority security interest in all of its right, title and
interest in, to and under the Mortgage Loans, all payments of principal or
interest on such Mortgage Loans due after the Cut-off Date, all other payments
made in respect of such Mortgage Loans after the Cut-off Date (except to the
extent such payments were due on or before the Cut-off Date) and all proceeds
thereof and that this Agreement shall constitute a security agreement under
applicable law. If such conveyance is deemed to be a pledge and not a sale, the
Seller consents to the Purchaser hypothecating and transferring such security
interest in favor of the Trustee and transferring the obligation secured thereby
to the Trustee.

            SECTION 5. Covenants of the Seller. The Seller covenants with the
Purchaser as follows:

            (a) it shall record or cause a third party to record in the
appropriate public recording office for real property the intermediate
assignments of the Mortgage Loans and the Assignments of Mortgage from the
Seller to the Trustee in connection with the Pooling and Servicing Agreement.
All recording fees relating to the initial recordation of such intermediate
assignments and Assignments of Mortgage shall be paid by the Seller;

            (b) it shall take any action reasonably required by the Purchaser,
the Trustee or the Master Servicer, in order to assist and facilitate in the
transfer of the servicing of the Mortgage Loans to the Master Servicer,
including effectuating the transfer of any letters of credit with respect to any
Mortgage Loan to the Trustee (in care of the Master Servicer) for the benefit of
Certificateholders. Prior to the date that a letter of credit, if any, with
respect to any Mortgage Loan is transferred to the Trustee (in care of the
Master Servicer), the Seller will cooperate with the reasonable requests of the
Master Servicer or Special Servicer, as applicable, in connection with
effectuating a draw under such letter of credit as required under the terms of
the related Mortgage Loan documents;

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annexes
A-1, A-2, A-3 and B thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or the Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annexes A-1, A-2, A-3
and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, to comply with
applicable law, the Seller shall do all things necessary to assist the Depositor
to prepare and furnish, at the expense of the Seller (to the extent that such
amendment or supplement relates to the Seller, the Mortgage Loans listed on
Exhibit A and/or any information relating to the same, as provided by the
Seller), to the Underwriters such amendments or supplements to the Prospectus
Supplement as may be necessary, so that the statements in the Prospectus
Supplement as so amended or supplemented, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will not, in the light of the
circumstances when the Prospectus is so amended or supplemented, be misleading
or so that the Prospectus Supplement, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will comply with applicable law.
All terms used in this clause (c) and not otherwise defined herein shall have
the meaning set forth in the Indemnification Agreement, dated as of August 24,
2007 between the Purchaser and the Seller (the "Indemnification Agreement"); and

            (d) for so long as the Trust is subject to the reporting
requirements of the Exchange Act, the Seller shall provide the Purchaser (or
with respect to any Companion Loan related to a Serviced Whole Loan or any
Serviced Securitized Companion Loan that is deposited into an Other
Securitization or a Regulation AB Companion Loan Securitization, the depositor
in such Other Securitization or Regulation AB Companion Loan Securitization) and
the Trustee with any Additional Form 10-D Disclosure and any Additional Form
10-K Disclosure set forth next to the Purchaser's name (only with respect to
disclosure related to Items 1117 or 1119 of Regulation AB) on Schedule X and
Schedule Y of the Pooling and Servicing Agreement within the time periods set
forth in the Pooling and Servicing Agreement.

            SECTION 6. Representations and Warranties.

            (a) The Seller represents and warrants to the Purchaser as of the
Closing Date that:

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

            (ii) it has the power and authority to own its property and to carry
      on its business as now conducted;

            (iii) it has the power to execute, deliver and perform this
      Agreement;

            (iv) it is legally authorized to transact business in the State of
      New York. The Seller is in compliance with the laws of each state in which
      any Mortgaged Property is located to the extent necessary so that a
      subsequent holder of the related Mortgage Loan (including, without
      limitation, the Purchaser) that is in compliance with the laws of such
      state would not be prohibited from enforcing such Mortgage Loan solely by
      reason of any non-compliance by the Seller;

            (v) the execution, delivery and performance of this Agreement by the
      Seller have been duly authorized by all requisite action by the Seller's
      board of directors and will not violate or breach any provision of its
      organizational documents;

            (vi) this Agreement has been duly executed and delivered by the
      Seller and constitutes a legal, valid and binding obligation of the
      Seller, enforceable against it in accordance with its terms (except as
      enforcement thereof may be limited by bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other laws
      affecting the enforcement of creditors' rights generally and by general
      equitable principles regardless of whether enforcement is considered in a
      proceeding in equity or at law);

            (vii) there are no legal or governmental proceedings pending to
      which the Seller is a party or of which any property of the Seller is the
      subject which, if determined adversely to the Seller, would reasonably be
      expected to adversely affect (A) the transfer of the Mortgage Loans and
      the Mortgage Loan documents as contemplated herein, (B) the execution and
      delivery by the Seller or enforceability against the Seller of the
      Mortgage Loans or this Agreement, or (C) the performance of the Seller's
      obligations hereunder;

            (viii) it has no actual knowledge that any statement, report,
      officer's certificate or other document prepared and furnished or to be
      furnished by the Seller in connection with the transactions contemplated
      hereby (including, without limitation, any financial cash flow models and
      underwriting file abstracts furnished by the Seller) contains any untrue
      statement of a material fact or omits to state a material fact necessary
      in order to make the statements contained therein, in the light of the
      circumstances under which they were made, not misleading;

            (ix) it is not, nor with the giving of notice or lapse of time or
      both would be, in violation of or in default under any indenture,
      mortgage, deed of trust, loan agreement or other agreement or instrument
      to which it is a party or by which it or any of its properties is bound,
      except for violations and defaults which individually and in the aggregate
      would not have a material adverse effect on the transactions contemplated
      herein; the sale of the Mortgage Loans and the performance by the Seller
      of all of its obligations under this Agreement and the consummation by the
      Seller of the transactions herein contemplated do not conflict with or
      result in a breach of any of the terms or provisions of, or constitute a
      default under, any material indenture, mortgage, deed of trust, loan
      agreement or other agreement or instrument to which the Seller is a party
      or by which the Seller is bound or to which any of the property or assets
      of the Seller is subject, nor will any such action result in any violation
      of the provisions of any applicable law or statute or any order, rule or
      regulation of any court or governmental agency or body having jurisdiction
      over the Seller, or any of its properties, except for conflicts, breaches,
      defaults and violations which individually and in the aggregate would not
      have a material adverse effect on the transactions contemplated herein;
      and no consent, approval, authorization, order, license, registration or
      qualification of or with any such court or governmental agency or body is
      required for the consummation by the Seller of the transactions
      contemplated by this Agreement, other than any consent, approval,
      authorization, order, license, registration or qualification that has been
      obtained or made;

            (x) it has either (A) not dealt with any Person (other than the
      Purchaser or the Dealers or their respective affiliates or any servicer of
      a Mortgage Loan) that may be entitled to any commission or compensation in
      connection with the sale or purchase of the Mortgage Loans or entering
      into this Agreement or (B) paid in full any such commission or
      compensation (except with respect to any servicer of a Mortgage Loan, any
      commission or compensation that may be due and payable to such servicer if
      such servicer is terminated and does not continue to act as a servicer);
      and

            (xi) it is solvent and the sale of the Mortgage Loans hereunder will
      not cause it to become insolvent; and the sale of the Mortgage Loans is
      not undertaken with the intent to hinder, delay or defraud any of the
      Seller's creditors.

            (b) The Purchaser represents and warrants to the Seller as of the
Closing Date that:

            (i) it is a corporation duly organized, validly existing, and in
      good standing in the State of Delaware;

            (ii) it is duly qualified as a foreign corporation in good standing
      in all jurisdictions in which ownership or lease of its property or the
      conduct of its business requires such qualification, except where the
      failure to be so qualified would not have a material adverse effect on the
      Purchaser, and the Purchaser is conducting its business so as to comply in
      all material respects with the applicable statutes, ordinances, rules and
      regulations of each jurisdiction in which it is conducting business;

            (iii) it has the power and authority to own its property and to
      carry on its business as now conducted;

            (iv) it has the power to execute, deliver and perform this
      Agreement, and neither the execution and delivery by the Purchaser of this
      Agreement, nor the consummation by the Purchaser of the transactions
      herein contemplated, nor the compliance by the Purchaser with the
      provisions hereof, will (A) conflict with or result in a breach of, or
      constitute a default under, any of the provisions of the certificate of
      incorporation or by-laws of the Purchaser or any of the provisions of any
      law, governmental rule, regulation, judgment, decree or order binding on
      the Purchaser or any of its properties, or any indenture, mortgage,
      contract or other instrument or agreement to which the Purchaser is a
      party or by which it is bound, or (B) result in the creation or imposition
      of any lien, charge or encumbrance upon any of the Purchaser's property
      pursuant to the terms of any such indenture, mortgage, contract or other
      instrument or agreement;

            (v) this Agreement constitutes a legal, valid and binding obligation
      of the Purchaser enforceable against it in accordance with its terms
      (except as enforcement thereof may be limited by (a) bankruptcy,
      receivership, conservatorship, reorganization, insolvency, moratorium or
      other laws affecting the enforcement of creditors' rights generally and
      (b) general equitable principles (regardless of whether enforcement is
      considered in a proceeding in equity or law));

            (vi) there are no legal or governmental proceedings pending to which
      the Purchaser is a party or of which any property of the Purchaser is the
      subject which, if determined adversely to the Purchaser, might interfere
      with or adversely affect the consummation of the transactions contemplated
      herein and in the Pooling and Servicing Agreement; to the best of the
      Purchaser's knowledge, no such proceedings are threatened or contemplated
      by any governmental authorities or threatened by others;

            (vii) it is not in default with respect to any order or decree of
      any court or any order, regulation or demand of any federal, state
      municipal or governmental agency, which default might have consequences
      that would materially and adversely affect the condition (financial or
      other) or operations of the Purchaser or its properties or might have
      consequences that would materially and adversely affect its performance
      hereunder;

            (viii) it has not dealt with any broker, investment banker, agent or
      other person, other than the Seller, the Dealers and their respective
      affiliates, that may be entitled to any commission or compensation in
      connection with the purchase and sale of the Mortgage Loans or the
      consummation of any of the transactions contemplated hereby;

            (ix) all consents, approvals, authorizations, orders or filings of
      or with any court or governmental agency or body, if any, required for the
      execution, delivery and performance of this Agreement by the Purchaser
      have been obtained or made; and

            (x)it has not intentionally violated any provisions of the United
      States Banking Secrecy Act, the United States Money Laundering Control Act
      of 1986 or the United States International Money Laundering Abatement and
      Anti-Terrorism Financing Act of 2001.

            (c) The Seller further makes the representations and warranties as
to the Mortgage Loans set forth in Exhibit B as of the Closing Date (or as of
such other date if specifically provided in the particular representation or
warranty), which representations and warranties are subject to the exceptions
thereto set forth in Exhibit C. Neither the delivery by the Seller of the
Mortgage Files, Servicing Files, or any other documents required to be delivered
under Section 2.01 of the Pooling and Servicing Agreement, nor the review
thereof or any other due diligence by the Trustee, any Master Servicer, the
Special Servicer, a Certificate Owner or any other Person shall relieve the
Seller of any liability or obligation with respect to any representation or
warranty or otherwise under this Agreement or constitute notice to any Person of
a Breach or Defect.

            (d) Pursuant to this Agreement or Section 2.03(b) of the Pooling and
Servicing Agreement, the Seller and the Purchaser shall be given notice of any
Breach or Defect that materially and adversely affects the value of any Mortgage
Loan, the value of the related Mortgaged Property or the interests of the
Trustee or any Certificateholder therein.

            (e) Upon notice pursuant to Section 6(d) above, the Seller shall,
not later than 90 days from the earlier of the Seller's receipt of the notice
or, in the case of a Defect or Breach relating to a Mortgage Loan not being a
"qualified mortgage" within the meaning of Section 860G(a)(3) of the Code, but
without regard to the rule of Treasury Regulation Section 1.860G-2(f)(2) that
causes a defective mortgage loan to be treated as a qualified mortgage, the
Seller's discovery of such Breach or Defect (the "Initial Resolution Period"),
(i) cure such Defect or Breach, as the case may be, in all material respects,
(ii) repurchase the affected Mortgage Loan at the applicable Repurchase Price
(as defined below) or (iii) substitute a Qualified Substitute Mortgage Loan (as
defined below) for such affected Mortgage Loan (provided that in no event shall
any such substitution occur later than the second anniversary of the Closing
Date) and pay the Master Servicer for deposit into the Certificate Account, any
Substitution Shortfall Amount (as defined below) in connection therewith;
provided, however, that except with respect to a Defect resulting solely from
the failure by the Seller to deliver to the Trustee or Custodian the actual
policy of lender's title insurance required pursuant to clause (ix) of the
definition of Mortgage File by a date not later than 18 months following the
Closing Date, if such Breach or Defect is capable of being cured but is not
cured within the Initial Resolution Period, and the Seller has commenced and is
diligently proceeding with the cure of such Breach or Defect within the Initial
Resolution Period, the Seller shall have an additional 90 days commencing
immediately upon the expiration of the Initial Resolution Period (the "Extended
Resolution Period") to complete such cure (or, failing such cure, to repurchase
the related Mortgage Loan or substitute a Qualified Substitute Mortgage Loan as
described above); and provided, further, that with respect to the Extended
Resolution Period the Seller shall have delivered an officer's certificate to
the Rating Agencies, the Master Servicer, the Special Servicer, the Trustee and
the Directing Certificateholder setting forth the reason such Breach or Defect
is not capable of being cured within the Initial Resolution Period and what
actions the Seller is pursuing in connection with the cure thereof and stating
that the Seller anticipates that such Breach or Defect will be cured within the
Extended Resolution Period. Notwithstanding the foregoing, any Defect or Breach
which causes any Mortgage Loan not to be a "qualified mortgage" (within the
meaning of Section 860G(a)(3) of the Code, without regard to the rule of
Treasury Regulations Section 1.860G-2(f)(2) which causes a defective mortgage
loan to be treated as a qualified mortgage) shall be deemed to materially and
adversely affect the interests of the holders of the Certificates therein, and
such Mortgage Loan shall be repurchased or a Qualified Substitute Mortgage Loan
substituted in lieu thereof without regard to the extended cure period described
in the preceding sentence. If the affected Mortgage Loan is to be repurchased,
the Seller shall remit the Repurchase Price (defined below) in immediately
available funds to the Trustee.

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then
Seller shall cure such Breach within the applicable cure period (as the same may
be extended) by reimbursing the Trust Fund (by wire transfer of immediately
available funds) the reasonable amount of any such costs and expenses incurred
by the Master Servicer, the Special Servicer, the Trustee or the Trust Fund that
are the basis of such Breach and have not been reimbursed by the related
Mortgagor; provided, however, that in the event any such costs and expenses
exceed $10,000, the Seller shall have the option to either repurchase or
substitute for the related Mortgage Loan as provided above or pay such costs and
expenses. Except as provided in the proviso to the immediately preceding
sentence, the Seller shall remit the amount of such costs and expenses and upon
its making such remittance, the Seller shall be deemed to have cured such Breach
in all respects. To the extent any fees or expenses that are the subject of a
cure by the Seller are subsequently obtained from the related Mortgagor, the
portion of the cure payment equal to such fees or expenses obtained from the
Mortgagor shall be returned to the Seller pursuant to Section 2.03(f) of the
Pooling and Servicing Agreement. Notwithstanding the foregoing, the sole remedy
with respect to any breach of the representation set forth in the second to last
sentence of clause (32) of Exhibit B hereto shall be payment by the Seller of
such costs and expenses without respect to the materiality of such breach.

            Any of the following will cause a document in the Mortgage File to
be deemed to have a Defect and to be conclusively presumed to materially and
adversely affect the interests of Certificateholders in a Mortgage Loan and to
be deemed to materially and adversely affect the interests of the
Certificateholders in and the value of a Mortgage Loan: (a) the absence from the
Mortgage File of the original signed Mortgage Note, unless the Mortgage File
contains a signed lost note affidavit and indemnity with a copy of the Mortgage
Note that appears to be regular on its face; (b) the absence from the Mortgage
File of the original signed Mortgage that appears to be regular on its face,
unless there is included in the Mortgage File a certified copy of the Mortgage
and a certificate stating that the original signed Mortgage was sent for
recordation; (c) the absence from the Mortgage File of the lender's title
insurance policy (or if the policy has not yet been issued, an original or copy
of a "marked up" written commitment or the pro-forma or specimen title insurance
policy or a commitment to issue the same pursuant to written escrow instructions
signed by the title insurance company) called for by clause (ix) of the
definition of "Mortgage File" in the Pooling and Servicing Agreement; (d) the
absence from the Mortgage File of any required letter of credit; (e) with
respect to any leasehold mortgage loan, the absence from the related Mortgage
File of a copy (or an original, if available) of the related Ground Lease; or
(f) the absence from the Mortgage File of any intervening assignments required
to create a complete chain of assignments to the Trustee on behalf of the Trust,
unless there is included in the Mortgage File a certified copy of the
intervening assignment and a certificate stating that the original intervening
assignments were sent for recordation; provided, however, that no Defect (except
the Defects previously described in clauses (a) through (f)) shall be considered
to materially and adversely affect the value of any Mortgage Loan, the value of
the related Mortgaged Property, the interests of the Trustee therein or the
interests of any Certificateholder therein unless the document with respect to
which the Defect exists is required in connection with an imminent enforcement
of the Mortgagee's rights or remedies under the related Mortgage Loan, defending
any claim asserted by any borrower or third party with respect to the Mortgage
Loan, establishing the validity or priority of any lien on any collateral
securing the Mortgage Loan or for any immediate significant servicing
obligation. Notwithstanding the foregoing, the delivery of executed escrow
instructions or a commitment to issue a lender's title insurance policy, as
provided in clause (ix) of the definition of "Mortgage File" in the Pooling and
Servicing Agreement, in lieu of the delivery of the actual policy of lender's
title insurance, shall not be considered a Defect or Breach with respect to any
Mortgage File if such actual policy is delivered to the Trustee or its Custodian
within 18 months after the Closing Date.

            If (i) any Mortgage Loan is required to be repurchased or
substituted for in the manner described in the first paragraph of this Section
6(e), (ii) such Mortgage Loan is a Crossed Loan, and (iii) the applicable Defect
or Breach does not constitute a Defect or Breach, as the case may be, as to any
other Crossed Loan in such Crossed Group (without regard to this paragraph),
then the applicable Defect or Breach, as the case may be, will be deemed to
constitute a Defect or Breach, as the case may be, as to each other Crossed Loan
in the Crossed Group for purposes of this paragraph, and the Seller will be
required to repurchase or substitute for all of the remaining Crossed Loans in
the related Crossed Group as provided in the first paragraph of this Section
6(e) unless such other Crossed Loans in such Crossed Group satisfy the Crossed
Loan Repurchase Criteria, and the Mortgage Loan affected by the applicable
Defect or Breach and the Qualified Substitute Mortgage Loan, if any, satisfy all
other criteria for repurchase or substitution, as applicable, of Mortgage Loans
set forth herein. In the event that the remaining Crossed Loans satisfy the
aforementioned criteria, the Seller may elect either to repurchase or substitute
for only the affected Crossed Loan as to which the related Breach or Defect
exists or to repurchase or substitute for all of the Crossed Loans in the
related Crossed Group. The Seller shall be responsible for the cost of any
Appraisal required to be obtained by the Master Servicer to determine if the
Crossed Loan Repurchase Criteria have been satisfied, so long as the scope and
cost of such Appraisal has been approved by the Seller (such approval not to be
unreasonably withheld).

            To the extent that the Seller is required to repurchase or
substitute for a Crossed Loan hereunder in the manner prescribed above while the
Trustee continues to hold any other Crossed Loans in such Crossed Group, neither
the Seller nor the Trustee shall enforce any remedies against the other's
Primary Collateral, but each is permitted to exercise remedies against the
Primary Collateral securing its respective Crossed Loans, including with respect
to the Trustee, the Primary Collateral securing Crossed Loans still held by the
Trustee.

            If the exercise of remedies by one party would materially impair the
ability of the other party to exercise its remedies with respect to the Primary
Collateral securing the Crossed Loans held by such party, then the Seller and
the Trustee shall forbear from exercising such remedies until the Mortgage Loan
documents evidencing and securing the relevant Crossed Loans can be modified in
a manner that removes the threat of material impairment as a result of the
exercise of remedies or some other accommodation can be reached. Any reserve or
other cash collateral or letters of credit securing the Crossed Loans shall be
allocated between such Crossed Loans in accordance with the Mortgage Loan
documents, or otherwise on a pro rata basis based upon their outstanding Stated
Principal Balances. Notwithstanding the foregoing, if a Crossed Loan that
remains in the Trust Fund is modified to terminate the related cross
collateralization and/or cross default provisions, as a condition to such
modification, the Seller shall furnish to the Trustee an Opinion of Counsel that
any modification shall not cause an Adverse REMIC Event. Any expenses incurred
by the Purchaser in connection with such modification or accommodation
(including but not limited to recoverable attorney fees) shall be paid by the
Seller.

            The "Repurchase Price" with respect to any Mortgage Loan or REO Loan
to be repurchased pursuant to this Agreement and Section 2.03 of the Pooling and
Servicing Agreement, shall have the meaning given to the term "Purchase Price"
in the Pooling and Servicing Agreement.

            A "Qualified Substitute Mortgage Loan" with respect to any Mortgage
Loan or REO Loan to be substituted pursuant to this Agreement and Section 2.03
of the Pooling and Servicing Agreement, shall have the meaning given to such
term in the Pooling and Servicing Agreement.

            A "Substitution Shortfall Amount" with respect to any Mortgage Loan
or REO Loan to be substituted pursuant to this Agreement and Section 2.03 of the
Pooling and Servicing Agreement, shall have the meaning given to such term in
the Pooling and Servicing Agreement.

            In connection with any repurchase or substitution of one or more
Mortgage Loans contemplated hereby, (i) the Purchaser shall execute and deliver,
or cause the execution and delivery of, such endorsements and assignments,
without recourse, as shall be necessary to vest in the Seller the legal and
beneficial ownership of each repurchased Mortgage Loan or replaced Mortgage
Loan, as applicable, (ii) the Purchaser shall deliver, or cause the delivery, to
the Seller of all portions of the Mortgage File and other documents (including
the Servicing File) pertaining to such Mortgage Loan possessed by the Trustee,
or on the Trustee's behalf, and (iii) the Purchaser shall release, or cause to
be released, to the Seller any escrow payments and reserve funds held by the
Trustee, or on the Trustee's behalf, in respect of such repurchased or replaced
Mortgage Loans.

            (f) The representations and warranties of the parties hereto shall
survive the execution and delivery and any termination of this Agreement and
shall inure to the benefit of the respective parties, notwithstanding any
restrictive or qualified endorsement on the Mortgage Notes or assignment of
Mortgage or the examination of the Mortgage Files.

            (g) Each party hereby agrees to promptly notify the other party of
any Breach of a representation or warranty contained in this Section 6. The
Seller's obligation to cure any Breach or Defect or repurchase or substitute for
the affected Mortgage Loan pursuant to Section 6(e) herein shall constitute the
sole remedy available to the Purchaser in connection with a Breach or Defect
(subject to the last sentence of the second paragraph of Section 6(e)). It is
acknowledged and agreed that the representations and warranties are being made
for risk allocation purposes only; provided, however, that no limitation of
remedy is implied with respect to the Seller's breach of its obligation to cure,
repurchase or substitute in accordance with the terms and conditions of this
Agreement.

            SECTION 7. Conditions to Closing. The obligations of the Purchaser
to purchase the Mortgage Loans shall be subject to the satisfaction, on or prior
to the Closing Date, of the following conditions:

            (a) Each of the obligations of the Seller required to be performed
by it at or prior to the Closing Date pursuant to the terms of this Agreement
shall have been duly performed and complied with and all of the representations
and warranties of the Seller under this Agreement shall be true and correct in
all material respects as of the Closing Date, and no event shall have occurred
as of the Closing Date which, with notice or passage of time, would constitute a
default under this Agreement, and the Purchaser shall have received a
certificate to the foregoing effect signed by an authorized officer of the
Seller substantially in the form of Exhibit D.

            (b) The Purchaser shall have received the following additional
closing documents:

            (i) copies of the Seller's certificate of incorporation and by-laws,
      certified as of a recent date by the Secretary or Assistant Secretary of
      the Seller;

            (ii) an original or copy of a certificate of good standing of the
      Seller issued by the Secretary of the State of Delaware dated not earlier
      than sixty days prior to the Closing Date;

            (iii) an opinion of counsel of the Seller, in form and substance
      satisfactory to the Purchaser and its counsel, substantially to the effect
      that:

                  (A) the Seller is a corporation, duly organized, validly
            existing and in good standing under the laws of the State of
            Delaware;

                  (B) the Seller has the power to conduct its business as now
            conducted and to incur and perform its obligations under this
            Agreement and the Indemnification Agreement;

                  (C) all necessary corporate or other action has been taken by
            the Seller to authorize the execution, delivery and performance of
            this Agreement and the Indemnification Agreement by the Seller and
            this Agreement is a legal, valid and binding agreement of the Seller
            enforceable against the Seller, whether such enforcement is sought
            in a procedure at law or in equity, except to the extent such
            enforcement may be limited by bankruptcy or other similar creditors'
            laws or principles of equity and public policy considerations
            underlying the securities laws, to the extent that such public
            policy considerations limit the enforceability of the provisions of
            the Agreement which purport to provide indemnification with respect
            to securities law violations;

                  (D) the Seller's execution and delivery of, and the Seller's
            performance of its obligations under, each of this Agreement and the
            Indemnification Agreement do not and will not conflict with the
            Seller's articles of association or by-laws or conflict with or
            result in the breach of any of the terms or provisions of, or
            constitute a default under, any indenture, mortgage, deed of trust,
            loan agreement or other material agreement or instrument to which
            the Seller is a party or by which the Seller is bound, or to which
            any of the property or assets of the Seller is subject or violate
            any provisions of law or conflict with or result in the breach of
            any order of any court or any governmental body binding on the
            Seller;

                  (E) there is no litigation, arbitration or mediation pending
            before any court, arbitrator, mediator or administrative body, or to
            such counsel's actual knowledge, threatened, against the Seller
            which (i) questions, directly or indirectly, the validity or
            enforceability of this Agreement or the Indemnification Agreement or
            (ii) would, if decided adversely to the Seller, either individually
            or in the aggregate, reasonably be expected to have a material
            adverse effect on the ability of the Seller to perform its
            obligations under this Agreement or the Indemnification Agreement;
            and

                  (F) no consent, approval, authorization, order, license,
            registration or qualification of or with federal court or
            governmental agency or body is required for the consummation by the
            Seller of the transactions contemplated by this Agreement and the
            Indemnification Agreement, except such consents, approvals,
            authorizations, orders, licenses, registrations or qualifications as
            have been obtained; and

            (iv) a letter from counsel of the Seller to the effect that nothing
      has come to such counsel's attention that would lead such counsel to
      believe that the Prospectus Supplement as of the date thereof or as of the
      Closing Date contains, with respect to the Seller or the Mortgage Loans,
      any untrue statement of a material fact or omits to state a material fact
      necessary in order to make the statements therein relating to the Seller
      or the Mortgage Loans, in the light of the circumstances under which they
      were made, not misleading.

            (c) The Offered Certificates shall have been concurrently issued and
sold pursuant to the terms of the Underwriting Agreement. The Private
Certificates shall have been concurrently issued and sold pursuant to the terms
of the Certificate Purchase and Placement Agreement.

            (d) The Seller shall have executed and delivered concurrently
herewith the Indemnification Agreement.

            (e) The Seller shall furnish the Purchaser with such other
certificates of its officers or others and such other documents and opinions to
evidence fulfillment of the conditions set forth in this Agreement as the
Purchaser and its counsel may reasonably request.

            SECTION 8. Closing. The closing for the purchase and sale of the
Mortgage Loans shall take place at the office of Cadwalader, Wickersham & Taft
LLP, New York, New York, at 10:00 a.m., on the Closing Date or such other place
and time as the parties shall agree. The parties hereto agree that time is of
the essence with respect to this Agreement.

            SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata share to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents in proportion to the aggregate principal balance as of the Cut-off
Date of all the mortgage loans to be included in the Trust Fund) of all costs
and expenses of the Purchaser in connection with the transactions contemplated
herein, including (without duplication thereof), but not limited to: (i) the
costs and expenses of the Purchaser in connection with the purchase of the
Mortgage Loans and other mortgage loans; (ii) the costs and expenses of
reproducing and delivering the Pooling and Servicing Agreement and printing (or
otherwise reproducing) and delivering the Certificates; (iii) the reasonable and
documented fees, costs and expenses of the Trustee and its counsel incurred in
connection with the Trustee entering into the Pooling and Servicing Agreement;
(iv) the fees and disbursements of a firm of certified public accountants
selected by the Purchaser and the Seller with respect to numerical information
in respect of the Mortgage Loans, other mortgage loans and the Certificates
included in the Prospectus, the Memoranda (as defined in the Indemnification
Agreement) and Term Sheet (as defined in the Indemnification Agreement), or
items similar to the Term Sheet, including the cost of obtaining any "comfort
letters" with respect to such items; (v) the costs and expenses in connection
with the qualification or exemption of the Certificates under state securities
or blue sky laws, including filing fees and reasonable fees and disbursements of
counsel in connection therewith; (vi) the costs and expenses in connection with
any determination of the eligibility of the Certificates for investment by
institutional investors in any jurisdiction and the preparation of any legal
investment survey, including reasonable fees and disbursements of counsel in
connection therewith; (vii) the costs and expenses in connection with printing
(or otherwise reproducing) and delivering the Registration Statement, Prospectus
and Memoranda, and the reproduction and delivery of this Agreement and the
furnishing to the Underwriters of such copies of the Registration Statement,
Prospectus, Memoranda and this Agreement as the Underwriters may reasonably
request; (viii) the fees of the rating agency or agencies requested to rate the
Certificates and (ix) the reasonable fees and expenses of Thacher Proffitt &
Wood LLP, counsel to the Underwriters, and Cadwalader, Wickersham & Taft LLP,
counsel to the Depositor.

            SECTION 10. 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. Furthermore, the
parties shall in good faith endeavor to replace any provision held to be invalid
or unenforceable with a valid and enforceable provision which most closely
resembles, and which has the same economic effect as, the provision held to be
invalid or unenforceable.

            SECTION 11. Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York without regard to conflicts of
law principles and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.

            SECTION 12. No Third Party Beneficiaries. The parties do not intend
the benefits of this Agreement to inure to any third party except as expressly
set forth in Section 13.

            SECTION 13. Assignment. The Seller hereby acknowledges that the
Purchaser has, concurrently with the execution hereof, executed and delivered
the Pooling and Servicing Agreement and that, in connection therewith, it has
assigned its rights hereunder to the Trustee for the benefit of the
Certificateholders to the extent set forth in the Pooling and Servicing
Agreement and that the rights so assigned may be further assigned to, and shall
inure to the benefit of, any successor trustee under the Pooling and Servicing
Agreement. The Seller hereby acknowledges its obligations (subject to the
provisions hereof), including that of expense reimbursement, pursuant to
Sections 2.01, 2.02 and 2.03 of the Pooling and Servicing Agreement. Except as
set forth hereinabove and in Sections 2.01, 2.02 and 2.03 of the Pooling and
Servicing Agreement, the representations and warranties of the Seller made
hereunder and the remedies provided hereunder with respect to Breaches or
Defects may not be further assigned by the Purchaser, the Trustee or any
successor trustee. No owner of a Certificate issued pursuant to the Pooling and
Servicing Agreement shall be deemed a successor or permitted assign because of
such ownership. This Agreement shall bind and inure to the benefit of, and be
enforceable by, the Seller, the Purchaser and their permitted successors and
permitted assigns. The warranties and representations and the agreements made by
the Seller herein shall survive delivery of the Mortgage Loans to the Trustee
until the termination of the Pooling and Servicing Agreement.

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Dennis Schuh, fax number (212) 834-6593 with a copy to Bianca Russo, fax number
(212) 834-6593, (ii) in the case of the Seller, Nomura Credit & Capital, Inc., 2
World Financial Center, Building B, New York, New York 10281-1198, Attention: N.
Dante LaRocca, fax number: (646) 587-9804 and (iii) in the case of any of the
preceding parties, such other address or fax number as may hereafter be
furnished to the other party in writing by such party.

            SECTION 15. Amendment. This Agreement may be amended only by a
written instrument which specifically refers to this Agreement and is executed
by the Purchaser and the Seller; provided, however, that unless such amendment
is to cure an ambiguity, mistake or inconsistency in this Agreement, no
amendment shall be permitted unless each Rating Agency has delivered a written
confirmation that such amendment will not result in a downgrade, withdrawal or
qualification of the then current ratings of the Certificates and the cost of
obtaining any Rating Agency confirmation shall be borne by the party requesting
such amendment. This Agreement shall not be deemed to be amended orally or by
virtue of any continuing custom or practice. No amendment to the Pooling and
Servicing Agreement which relates to defined terms contained therein or any
obligations of the Seller whatsoever shall be effective against the Seller
unless the Seller shall have agreed to such amendment in writing.

            SECTION 16. Counterparts. This Agreement may be executed in any
number of counterparts, and by the parties hereto in separate counterparts, each
of which when executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same instrument.

            SECTION 17. Exercise of Rights. No failure or delay on the part of
any party to exercise any right, power or privilege under this Agreement and no
course of dealing between the Seller and the Purchaser shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or
privilege under this Agreement preclude any other or further exercise thereof or
the exercise of any other right, power or privilege. Except as set forth in
Section 6 herein, the rights and remedies herein expressly provided are
cumulative and not exclusive of any rights or remedies which any party would
otherwise have pursuant to law or equity. Except as set forth in Section 6
herein, no notice to or demand on any party in any case shall entitle such party
to any other or further notice or demand in similar or other circumstances, or
constitute a waiver of the right of either party to any other or further action
in any circumstances without notice or demand.

            SECTION 18. No Partnership. Nothing herein contained shall be deemed
or construed to create a partnership or joint venture between the parties
hereto. Nothing herein contained shall be deemed or construed as creating an
agency relationship between the Purchaser and the Seller and neither party shall
take any action which could reasonably lead a third party to assume that it has
the authority to bind the other party or make commitments on such party's
behalf.

            SECTION 19. Miscellaneous. This Agreement supersedes all prior
agreements and understandings relating to the subject matter hereof. Neither
this Agreement nor any term hereof may be changed, waived, discharged or
terminated orally, but only by an instrument in writing signed by the party
against whom enforcement of the change, waiver, discharge or termination is
sought.

                                   * * * * * *

<PAGE>

            IN WITNESS WHEREOF, the Purchaser and the Seller have caused their
names to be signed hereto by their respective officers thereunto duly authorized
as of the day and year first above written.

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP., as Purchaser

                                       By:   /s/ Emanuel Chrysoulakis
                                          ------------------------------------
                                          Name:  Emanuel Chrysoulakis
                                          Title: Vice President

                                       NOMURA CREDIT & CAPITAL, INC., as
                                          Seller

                                       By:   /s/ N. Dante LaRocca
                                          ------------------------------------
                                          Name:  N. Dante LaRocca
                                          Title: Managing Director

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

                                JPMCC 2007-LDP12
                          Mortgage Loan Schedule (NCCI)

<TABLE>
<CAPTION>
                            Originator/          Mortgagor
      Loan #                Loan Seller          Name
------------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>                <C>
        1                      NCCI              PES Partners, LLC
        15                     NCCI              Gunter Hotel Ventures, L.P.
        19                     NCCI              Diwali I, LLC
        23                     NCCI              MB Cleveland Erieview, L.L.C.
        27                     NCCI              Landmark Real Estate Limited Partnership, Landmark IU Holdings LLC
        33                     NCCI              WMCi Charlotte X, LLC
        41                     NCCI              Inland American Waterford Limited Partnership
        54                     NCCI              Aspen Loveridge, LLC
        73                     NCCI              Carver Pond I Limited Partnership
        91                     NCCI              Inland Western College Station Gateway II Limited Partnership
        98                     NCCI              Oxford Hospitality Enterprises, Inc.
       108                     NCCI              Lakeshore II, L.C.
       123                     NCCI              The Dakota, L.L.C.
       125                     NCCI              312SState, LLC
       127                     NCCI              St. Marie Mobile Home Park, LLC
       129                     NCCI              San Luis Mobile Estates Partners Limited Partnership
       130                     NCCI              Group Force Northlake, LLC
       140                     NCCI              LWR Associates, LLC
       154                     NCCI              Milford LLC

<CAPTION>

                   Property                                                                               Zip
      Loan #       Address                                           City                     State       Code         County
------------------------------------------------------------------------------------------------------------------------------------
<S>              <C>                                                <C>                     <C>        <C>           <C>
        1          Sepulveda Boulevard and Rosecrans Avenue          El Segundo                CA        90245         Los Angeles
        15         205 East Houston Street                           San Antonio               TX        78205         Bexar
        19         2485 Hotel Circle Place                           San Diego                 CA        92108         San Diego
        23         45 Erieview Plaza                                 Cleveland                 OH        44114         Cuyahoga
        27         121 East 6th Street and 560 South Main Street     Los Angeles               CA        90013         Los Angeles
        33         18510 The Commons Boulevard                       Cornelius                 NC        28031         Mecklenburg
        41         2200 Business Center Drive                        Pearland                  TX        77584         Brazoria
        54         500 Loveridge Circle                              Pittsburg                 CA        94565         Contra Costa
        73         4001 Meriwether Drive                             Durham                    NC        27704         Durham
        91         1505 University Drive East                        College Station           TX        77840         Brazos
        98         1600 Highway 21 South                             Oxford                    AL        36203         Calhoun
       108         19 Lakeshore Drive                                Hampton                   VA        23666         Hampton City
       123         1785 West Stadium Boulevard                       Ann Arbor                 MI        48103         Washtenaw
       125         300, 302, 312 & 314 South State Street            Ann Arbor                 MI        48104         Washtenaw
       127         1380 West Main Street                             Santa Maria               CA        93458         Santa Barbara
       129         115 East County 22nd Street                       San Luis                  AZ        85349         Yuma
       130         3855 Northlake Boulevard                          Palm Beach Gardens        FL        33403         Palm Beach
       140         6111 Exchange Way                                 Bradenton                 FL        34202         Manatee
       154         1419 26th Avenue West                             Bradenton                 FL        34205         Manatee

<CAPTION>

                   Property                                                             Interest      Net Mortgage        Original
      Loan #       Name                                  Size         Measure           Rate (%)      Interest Rate        Balance
------------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                 <C>         <C>                 <C>             <C>             <C>
        1          Plaza El Segundo                      382065      Square Feet         6.23000        6.20923         162,000,000
        15         Sheraton Gunter                        322           Rooms            7.10000        7.07923          40,000,000
        19         Comfort Inn - San Diego Zoo            200           Rooms            6.54000        6.51923          33,500,000
        23         AT&T - Cleveland, OH                  458646      Square Feet         5.81300        5.79223          29,242,000
        27         Santa Fe Lofts                         132           Units            6.53000        6.50923          25,000,000
        33         Harborside Commons                     264           Units            5.86000        5.83923          21,200,000
        41         Waterford Place Apartments             311           Units            5.51000        5.48923          16,500,000
        54         Loveridge Terrace Apartments           148           Units            6.35000        6.32923          12,500,000
        73         Carver Pond Apartments                 256           Units            6.58000        6.51923           8,100,000
        91         Gateway Plaza (College Station)       59550       Square Feet         5.62300        5.60223           6,268,031
        98         Baymont Inn                            129           Rooms            6.65000        6.55923           5,500,000
       108         Lakeshore II Apartments                 88           Units            6.20000        6.17923           4,850,000
       123         Dakota Building                       20064       Square Feet         6.53000        6.50923           3,733,000
       125         312 South State Street                13912       Square Feet         6.36000        6.29923           3,386,000
       127         Villa St. Marie MHP                     80            Pads            6.32000        6.29923           3,315,000
       129         Hacienda                               252            Pads            6.57000        6.54923           3,100,000
       130         Regions Northlake                    67082.4      Square Feet         5.78000        5.75923           3,000,000
       140         Exchange Way Building                  9078       Square Feet         5.92000        5.89923           2,450,000
       154         Lloyd MHP                               71            Pads            6.43000        6.40923           1,400,000

<CAPTION>

                                                                                                             Monthly
                      Cutoff                     Rem.             Maturity/          Amort.        Rem.       Debt        Servicing
      Loan #         Balance         Term        Term             ARD Date           Term         Amort.     Service      Fee Rate
------------------------------------------------------------------------------------------------------------------------------------
<S>              <C>              <C>         <C>             <C>                 <C>          <C>        <C>           <C>
        1          162,000,000       120          120             08/05/17             0            0         852,731      0.02000
        15          40,000,000        60           59             07/11/12             0            0         239,954      0.02000
        19          33,500,000       120          120             08/11/17            360          360        212,625      0.02000
        23          29,242,000        60           60             08/11/12             0            0         141,653      0.02000
        27          25,000,000        60           60             08/11/12             0            0         137,931      0.02000
        33          21,200,000       120          119             07/01/17             0            0         104,965      0.02000
        41          16,500,000       120          119             07/11/17             0            0          75,763      0.02000
        54          12,500,000        60           59             07/11/12             0            0          67,065      0.02000
        73           8,100,000        84           84             09/01/14            360          360         51,624      0.06000
        91           6,268,031        60           60             08/11/12             0            0          29,371      0.02000
        98           5,500,000       120          120             08/11/17            300          300         37,654      0.09000
       108           4,850,000       120          120             08/11/17            360          360         29,705      0.02000
       123           3,733,000        60           59             07/11/12            360          360         23,669      0.02000
       125           3,386,000       120          119             07/11/17            360          360         21,091      0.06000
       127           3,312,479        60           59             07/11/12            360          359         20,562      0.02000
       129           3,097,801        60           59             07/11/12            360          359         19,737      0.02000
       130           3,000,000       120          120             08/11/17             0            0          14,651      0.02000
       140           2,450,000       120          119             07/11/17            360          360         14,563      0.02000
       154           1,397,371       120          119             07/11/17            240          239         10,380      0.02000

<CAPTION>

                                                                          ARD
                      Accrual                   ARD                     Step Up                    Title                   Crossed
      Loan #            Type                   (Y/N)                      (%)                       Type                    Loan
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                      <C>               <C>                           <C>                         <C>
        1            Actual/360                  No                                                 Fee
        15           Actual/360                  No                                                 Fee
        19           Actual/360                  No                                            Fee/Leasehold
        23             30/360                   Yes              Greater of (i) IR + 2%             Fee
        27           Actual/360                  No                                                 Fee
        33           Actual/360                  No                                                 Fee
        41             30/360                    No                                                 Fee
        54           Actual/360                  No                                                 Fee
        73           Actual/360                  No                                                 Fee
        91             30/360                    No                                                 Fee
        98           Actual/360                  No                                                 Fee
       108           Actual/360                  No                                                 Fee
       123           Actual/360                  No                                                 Fee
       125           Actual/360                  No                                            Fee/Leasehold
       127           Actual/360                  No                                                 Fee
       129           Actual/360                  No                                                 Fee
       130           Actual/360                  No                                                 Fee
       140           Actual/360                  No                                                 Fee
       154           Actual/360                  No                                                 Fee

<CAPTION>

                                                                                                                  Letter
      Loan #       Guarantor                                                                                     of Credit
--------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                                                                                           <C>
        1          Robert W. Comstock, Daniel D. Crosser, Allan W. Mackenzie,
                   Continental Development Corporation                                                              No
        15         Michael S. Gallegos                                                                              No
        19         Diwali I, LLC                                                                                    No
        23         Minto Builders (Florida), Inc.                                                                   No
        27         Bradford Korzen                                                                                  No
        33         Marcus M. Weinstein                                                                              No
        41         Inland American Real Estate Trust, Inc.                                                          No
        54         Aspen Loveridge, LLC                                                                             No
        73         Scott A. Baldridge, Kevin Baldridge, Alex Del Toro                                               No
        91         Inland Western Retail Real Estate Trust, Inc.                                                    No
        98         Savitaben N. Patel, Bhupatbhai C. Patel, Bipinkchandra B. Patel                                  No
       108         Marcus M. Weinstein                                                                              No
       123         Michael J. Concannon                                                                             No
       125         Jeffrey L. Hauptman                                                                              No
       127         Peter G. DeBaun                                                                                  No
       129         Kim W. Eggleston                                                                                 No
       130         Mario Grosfeld                                                                                   No
       140         John A. Moran, Richard Vitale, Terri Lynn Vitale, Sherri Ann Vitale                              No
       154         Frank Bruno                                                                                      No

<CAPTION>

                                                                     UPFRONT ESCROW
                   -----------------------------------------------------------------------------------------------------------------

                   Upfront            Upfront    Upfront        Upfront            Upfront          Upfront           Upfront
                    CapEx              Eng.      Envir.          TI/LC              RE Tax           Ins.              Other
      Loan #       Reserve            Reserve    Reserve        Reserve            Reserve          Reserve           Reserve
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>               <C>              <C>        <C>               <C>               <C>              <C>
        1       16,380.947.18           0.00       0.00       4,617,802.00      1,386,611.92       10,876.83        1,005,939.38
        15          0.00          103,750.00       0.00           0.00            280,500.00       70,450.33                0.00
        19          0.00                0.00       0.00           0.00             60,000.00            0.00           60,000.00
        23          0.00                0.00       0.00           0.00                  0.00            0.00                0.00
        27          0.00            6,250.00       0.00        451,992.00          14,666.67       21,000.00          470,286.25
        33          0.00                0.00       0.00           0.00            103,766.81        5,818.50                0.00
        41          0.00                0.00       0.00           0.00                  0.00            0.00                0.00
        54          0.00                0.00       0.00           0.00             35,600.00       27,416.67                0.00
        73          0.00          134,400.00       0.00           0.00            131,375.70       10,124.74                0.00
        91          0.00                0.00       0.00           0.00                  0.00            0.00                0.00
        98          0.00           63,750.00       0.00           0.00             27,036.53       11,765.42                0.00
       108          0.00                0.00       0.00           0.00             13,975.26        2,724.99                0.00
       123          0.00                0.00       0.00           0.00              9,277.46        2,400.30                0.00
       125          0.00                0.00       0.00           0.00              4,958.49        5,091.00                0.00
       127          0.00                0.00       0.00           0.00             10,222.50        4,317.00            1,781.25
       129          0.00           12,500.00       0.00           0.00              4,606.75        7,023.75                0.00
       130          0.00                0.00       0.00           0.00                  0.00            0.00                0.00
       140          0.00                0.00       0.00           0.00             10,367.60       10,389.50                0.00
       154          0.00           14,000.00       0.00           0.00             13,261.22        1,736.60            2,718.25

<CAPTION>

                                                                MONTHLY ESCROW
                --------------------------------------------------------------------------------------------------------------------

                   Monthly      Monthly                Monthly            Monthly          Monthly                   Monthly
                     Capex      Envir.                  TI/LC             RE Tax            Ins.                     Other
      Loan #       Reserve      Reserve                Reserve            Reserve          Reserve                  Reserve
------------------------------------------------------------------------------------------------------------------------------------
<S>             <C>            <C>                <C>               <C>                   <C>                      <C>
        1             0.00           0.00                0.00         198087.42               5438.42                 0.00
        15            0.00           0.00                0.00          46750.00              17612.58                 0.00
        19        22427.00           0.00                0.00           8691.67                  0.00                 0.00
        23            0.00           0.00                0.00              0.00                  0.00                 0.00
        27         2378.25           0.00                0.00           3666.67               7000.00                 0.00
        33         4400.00           0.00                0.00          14823.83               2909.25                 0.00
        41            0.00           0.00                0.00              0.00                  0.00                 0.00
        54            0.00           0.00                0.00          17800.00               3427.08                 0.00
        73         5333.33           0.00                0.00          14597.30               5062.37                 0.00
        91            0.00           0.00                0.00              0.00                  0.00                 0.00
        98         7788.00           0.00                0.00           3004.06               2353.08                 0.00
       108         1467.00           0.00                0.00           4658.42                908.33                 0.00
       123          334.40           0.00             1672.00           4638.73                400.05                 0.00
       125          173.92           0.00             1159.33           3447.19                848.50                 0.00
       127            0.00           0.00                0.00           1703.75                479.67                 0.00
       129            0.00           0.00                0.00           1535.58                780.42                 0.00
       130            0.00           0.00                0.00              0.00                  0.00                 0.00
       140          151.33           0.00              756.50           1295.95                944.50                 0.00
       154            0.00           0.00                0.00           1894.46                868.30                 0.00

<CAPTION>

                                                                                                                        Remaining
                                                                                 Interest                Final        Amortization
               Grace       Lockbox          Property             Permitted       Accrual       Loan     Maturity        Term for
      Loan #   Period      In-place         Type                 Defeasance       Period      Group       Date        Balloon Loans
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>       <C>        <C>                         <C>           <C>            <C>       <C>          <C>
        1        5           Yes             Retail                  No         Actual/360      1
        15       0           Yes             Hotel                   No         Actual/360      1
        19       0           No              Hotel                   Yes        Actual/360      1                          360
        23       0           Yes             Office                  No           30/360        1         08/11/37
        27       0           Yes          Multifamily                No         Actual/360      2
        33       15          No           Multifamily                Yes        Actual/360      2
        41       0           No           Multifamily                No           30/360        2
        54       0           No           Multifamily                Yes        Actual/360      2
        73       15          No           Multifamily                Yes        Actual/360      2                          360
        91       0           No              Retail                  No           30/360        1
        98       0           No              Hotel                   Yes        Actual/360      1                          300
       108       0           No           Multifamily                Yes        Actual/360      2                          360
       123       0           No              Office                  No         Actual/360      1                          360
       125       0           No              Retail                  Yes        Actual/360      1                          360
       127       0           No       Manufactured Housing           Yes        Actual/360      2                          360
       129       0           No       Manufactured Housing           Yes        Actual/360      2                          360
       130       0           No               Land                   Yes        Actual/360      1
       140       0           Yes           Mixed Use                 Yes        Actual/360      1                          360
       154       0           No       Manufactured Housing           Yes        Actual/360      2                          240
</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

            (1) No Mortgage Loan is 30 days or more delinquent in payment of
principal and interest (without giving effect to any applicable grace period in
the related Mortgage Note) and no Mortgage Loan has been 30 days or more
(without giving effect to any applicable grace period in the related Mortgage
Note) past due.

            (2) Except with respect to the ARD Loans, which provide that the
rate at which interest accrues thereon increases after the Anticipated Repayment
Date, the Mortgage Loans (exclusive of any default interest, late charges or
prepayment premiums) are fixed rate mortgage loans with terms to maturity, at
origination or as of the most recent modification, as set forth in the Mortgage
Loan Schedule.

            (3) The information pertaining to each Mortgage Loan set forth on
the Mortgage Loan Schedule is true and correct in all material respects as of
the Cut-off Date.

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of the Closing Date between the applicable Master Servicer
and Seller) and such assignment validly and effectively transfers and conveys
all legal and beneficial ownership of the Mortgage Loans to the Purchaser free
and clear of any pledge, lien, encumbrance or security interest (subject to
certain agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements permitted thereunder and that certain
Servicing Rights Purchase Agreement, dated as of the Closing Date between the
applicable Master Servicer and Seller).

            (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) as of the origination date, the Seller
(based on customary due diligence) had no knowledge, and since the origination
date, the Seller has no actual knowledge, that the related Mortgagor is a debtor
in any bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

            (6) Each Mortgage Loan is secured by the related Mortgage which
establishes and creates a valid and subsisting first priority lien on the
related Mortgaged Property, or leasehold interest therein, comprising real
estate, free and clear of any liens, claims, encumbrances, participation
interests, pledges, charges or security interests subject only to Permitted
Encumbrances. Such Mortgage, together with any separate security agreement, UCC
Financing Statement or similar agreement, if any, establishes and creates a
first priority security interest in favor of the Seller in all personal property
owned by the Mortgagor that is used in, and is reasonably necessary to, the
operation of the related Mortgaged Property and, to the extent a security
interest may be created therein and perfected by the filing of a UCC Financing
Statement under the Uniform Commercial Code as in effect in the relevant
jurisdiction, the proceeds arising from the Mortgaged Property and other
collateral securing such Mortgage Loan, subject only to Permitted Encumbrances.
There exists with respect to such Mortgaged Property an assignment of leases and
rents provision, either as part of the related Mortgage or as a separate
document or instrument, which establishes and creates a first priority security
interest in and to leases and rents arising in respect of the related Mortgaged
Property, subject only to Permitted Encumbrances. Except for the holder of the
Companion Loan with respect to the AB Mortgage Loans, to the Seller's knowledge,
no person other than the related Mortgagor and the mortgagee own any interest in
any payments due under the related leases. The related Mortgage or such
assignment of leases and rents provision provides for the appointment of a
receiver for rents or allows the holder of the related Mortgage to enter into
possession of the related Mortgaged Property to collect rent or provides for
rents to be paid directly to the holder of the related Mortgage in the event of
a default beyond applicable notice and grace periods, if any, under the related
Mortgage Loan documents. As of the origination date, there were, and, to the
Seller's actual knowledge as of the Closing Date, there are, no mechanics' or
other similar liens or claims which have been filed for work, labor or materials
affecting the related Mortgaged Property which are or may be prior or equal to
the lien of the Mortgage, except those that are bonded or escrowed for or which
are insured against pursuant to the applicable Title Insurance Policy (as
defined below) and except for Permitted Encumbrances. No (a) Mortgaged Property
secures any mortgage loan not represented on the Mortgage Loan Schedule other
than a Companion Loan, (b) Mortgage Loan is cross-collateralized or
cross-defaulted with any other mortgage loan, other than a Mortgage Loan listed
on the Mortgage Loan Schedule or a Companion Loan, or (c) Mortgage Loan is
secured by property that is not a Mortgaged Property. Notwithstanding the
foregoing, no representation is made as to the perfection of any security
interest in rent, operating revenues or other personal property to the extent
that possession or control of such items or actions other than the recordation
of the Mortgage or the Assignment of Leases and Rents or the filing of UCC
Financing Statements are required in order to effect such perfection.

            (7) The related Mortgagor under each Mortgage Loan has good and
indefeasible fee simple or, with respect to those Mortgage Loans described in
clause (20) hereof, leasehold title to the related Mortgaged Property comprising
real estate subject to any Permitted Encumbrances.

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned or otherwise approved by
the Title Insurer or its authorized agent) as adopted in the applicable
jurisdiction (the "Title Insurance Policy"), which was issued by a nationally
recognized title insurance company (the "Title Insurer") qualified to do
business in the jurisdiction where the applicable Mortgaged Property is located
(unless such jurisdiction is the State of Iowa), covering the portion of each
Mortgaged Property comprised of real estate and insuring that the related
Mortgage is a valid first lien in the original principal amount of the related
Mortgage Loan on the Mortgagor's fee simple interest (or, if applicable,
leasehold interest) in such Mortgaged Property comprised of real estate, subject
only to Permitted Encumbrances. Such Title Insurance Policy was issued in
connection with the origination of the related Mortgage Loan. No claims have
been made under such Title Insurance Policy. Such Title Insurance Policy is in
full force and effect and all premiums thereon have been paid and will provide
that the insured includes the owner of the Mortgage Loan and its successors
and/or assigns. No holder of the related Mortgage has done, by act or omission,
anything that would, and the Seller has no actual knowledge of any other
circumstance that would, impair the coverage under such Title Insurance Policy.

            (9) The related Assignment of Mortgage and the related assignment of
the Assignment of Leases and Rents executed in connection with each Mortgage, if
any, have been recorded in the applicable jurisdiction (or, if not recorded,
have been submitted for recording or are in recordable form (but for the
insertion of the name and address of the assignee and any related recording
information which is not yet available to the Seller)) and constitute the legal,
valid and binding assignment of such Mortgage and the related Assignment of
Leases and Rents from the Seller to the Purchaser. The endorsement of the
related Mortgage Note by the Seller constitutes the legal, valid, binding and
enforceable (except as such enforcement may be limited by anti-deficiency laws
or bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or other similar laws affecting the enforcement of creditors' rights
generally, and by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law)) assignment of
such Mortgage Note, and together with such Assignment of Mortgage and the
related assignment of Assignment of Leases and Rents, legally and validly
conveys all right, title and interest in such Mortgage Loan and Mortgage Loan
documents to the Purchaser.

            (10) (a) The Mortgage Loan documents for each Mortgage Loan provide
that such Mortgage Loan is non-recourse to the related parties thereto except
that the related Mortgagor and at least one individual or entity shall be fully
liable for actual losses, liabilities, costs and damages arising from certain
acts of the related Mortgagor and/or its principals specified in the related
Mortgage Loan documents, which acts generally include the following: (i) fraud
or intentional material misrepresentation, (ii) misapplication or
misappropriation of rents, insurance proceeds or condemnation awards, (iii)
either (x) any act of actual waste by or (y) damage or destruction to the
Mortgaged Property caused by the acts or omissions of the borrower, its agents,
employees or contractors, and (iv) any breach of the environmental covenants
contained in the related Mortgage Loan documents.

            (b) The Mortgage Loan documents for each Mortgage Loan contain
      enforceable provisions such as to render the rights and remedies of the
      holder thereof adequate for the practical realization against the
      Mortgaged Property of the principal benefits of the security intended to
      be provided thereby, including realization by judicial or, if applicable,
      non judicial foreclosure, and there is no exemption available to the
      related Mortgagor which would interfere with such right of foreclosure
      except any statutory right of redemption or as may be limited by
      anti-deficiency or one form of action laws or by bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other similar
      laws affecting the enforcement of creditors' rights generally, and by
      general principles of equity (regardless of whether such enforcement is
      considered in a proceeding in equity or at law).

            (c) Each of the related Mortgage Notes and Mortgages are the legal,
      valid and binding obligations of the related Mortgagor named on the
      Mortgage Loan Schedule and each of the other related Mortgage Loan
      documents is the legal, valid and binding obligation of the parties
      thereto (subject to any non recourse provisions therein), enforceable in
      accordance with its terms, except as such enforcement may be limited by
      anti-deficiency or one form of action laws or bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other similar
      laws affecting the enforcement of creditors' rights generally, and by
      general principles of equity (regardless of whether such enforcement is
      considered in a proceeding in equity or at law), and except that certain
      provisions of such Mortgage Loan documents are or may be unenforceable in
      whole or in part under applicable state or federal laws, but the inclusion
      of such provisions does not render any of the Mortgage Loan documents
      invalid as a whole, and such Mortgage Loan documents taken as a whole are
      enforceable to the extent necessary and customary for the practical
      realization of the principal rights and benefits afforded thereby.

            (d) The terms of the Mortgage Loans or the related Mortgage Loan
      documents, have not been altered, impaired, modified or waived in any
      material respect, except prior to the Cut-off Date by written instrument
      duly submitted for recordation, to the extent required, and as
      specifically set forth in the related Mortgage File.

            (e) With respect to each Mortgage which is a deed of trust, a
      trustee, duly qualified under applicable law to serve as such, currently
      so serves and is named in the deed of trust or may be substituted in
      accordance with applicable law, and no fees or expenses are or will become
      payable to the trustee under the deed of trust, except in connection with
      a trustee's sale after default by the Mortgagor and de minimis fees paid
      in connection with the release of the related Mortgaged Property or
      related security for such Mortgage Loan following payment of such Mortgage
      Loan in full.

            (11) Except by a written instrument that has been delivered to the
Purchaser as a part of the related Mortgage File with respect to any immaterial
releases of the Mortgaged Property, no Mortgage Loan has been satisfied,
canceled, subordinated, released or rescinded, in whole or in part, and the
related Mortgagor has not been released, in whole or in part, from its
obligations under any related Mortgage Loan document.

            (12) Except with respect to the enforceability of any provisions
requiring the payment of default interest, late fees, additional interest,
prepayment premiums or yield maintenance charges, neither the Mortgage Loan nor
any of the related Mortgage Loan documents is subject to any right of
rescission, set off, abatement, diminution, valid counterclaim or defense,
including the defense of usury, nor will the operation of any of the terms of
any such Mortgage Loan documents, or the exercise (in compliance with procedures
permitted under applicable law) of any right thereunder, render any Mortgage
Loan documents subject to any right of rescission, set off, abatement,
diminution, valid counterclaim or defense, including the defense of usury
(subject to anti-deficiency or one form of action laws and to bankruptcy,
receivership, conservatorship, reorganization, insolvency, moratorium or other
similar laws affecting the enforcement of creditor's rights generally and to
general principles of equity (regardless of whether such enforcement is
considered in a proceeding in equity or at law)), and no such right of
rescission, set off, abatement, diminution, valid counterclaim or defense has
been asserted with respect thereto. None of the Mortgage Loan documents provides
for a release of a portion of the Mortgaged Property from the lien of the
Mortgage except upon payment or defeasance in full of all obligations under the
Mortgage, provided that, notwithstanding the foregoing, certain of the Mortgage
Loans may allow partial release (a) upon payment or defeasance of an Allocated
Loan Amount which may be formula based, but in no event less than 125% of the
Allocated Loan Amount, or (b) in the event the portion of the Mortgaged Property
being released was not given any material value in connection with the
underwriting or appraisal of the related Mortgage Loan.

            (13) As of the Closing Date, there is no payment default, after
giving effect to any applicable notice and/or grace period, and, to the Seller's
knowledge, as of the Closing Date, there is no other material default under any
of the related Mortgage Loan documents, after giving effect to any applicable
notice and/or grace period; no such material default or breach has been waived
by the Seller or on its behalf or, to the Seller's knowledge, by the Seller's
predecessors in interest with respect to the Mortgage Loans; and, to the
Seller's actual knowledge, no event has occurred which, with the passing of time
or giving of notice would constitute a material default or breach; provided,
however, that the representations and warranties set forth in this sentence do
not cover any default, breach, violation or event of acceleration that
specifically pertains to or arises out of any subject matter otherwise covered
by any other representation or warranty made by the Seller in this Exhibit B. No
Mortgage Loan has been accelerated and no foreclosure proceeding or power of
sale proceeding has been initiated under the terms of the related Mortgage Loan
documents. The Seller has not waived any material claims against the related
Mortgagor under any non-recourse exceptions contained in the Mortgage Note.

            (14) (a) The principal amount of the Mortgage Loan stated on the
Mortgage Loan Schedule has been fully disbursed as of the Closing Date (except
for certain amounts that were fully disbursed by the mortgagee, but were
escrowed pursuant to the terms of the related Mortgage Loan documents) and there
are no future advances required to be made by the mortgagee under any of the
related Mortgage Loan documents. Any requirements under the related Mortgage
Loan documents regarding the completion of any on-site or off-site improvements
and to disbursements of any escrow funds therefor have been or are being
complied with or such escrow funds are still being held. The value of the
Mortgaged Property relative to the value reflected in the most recent appraisal
thereof is not materially impaired by any improvements which have not been
completed. The Seller has not, nor, to the Seller's knowledge, have any of its
agents or predecessors in interest with respect to the Mortgage Loan, in respect
of payments due on the related Mortgage Note or Mortgage, directly or
indirectly, advanced funds or induced, solicited or knowingly received any
advance of funds by a party other than the Mortgagor other than (a) interest
accruing on such Mortgage Loan from the date of such disbursement of such
Mortgage Loan to the date which preceded by thirty (30) days the first payment
date under the related Mortgage Note and (b) application and commitment fees,
escrow funds, points and reimbursements for fees and expenses, incurred in
connection with the origination and funding of the Mortgage Loan.

            (b) No Mortgage Loan has capitalized interest included in its
      principal balance, or provides for any shared appreciation rights or other
      equity participation therein and no contingent or additional interest
      contingent on cash flow or negative amortization (other than with respect
      to the deferment of payment with respect to ARD Loans) is due thereon.

            (c) Each Mortgage Loan identified in the Mortgage Loan Schedule as
      an ARD Loan starts to amortize no later than the Due Date of the calendar
      month immediately after the calendar month in which such ARD Loan closed
      and substantially fully amortizes over its stated term, which term is at
      least 60 months after the related Anticipated Repayment Date. Each ARD
      Loan has an Anticipated Repayment Date not less than seven years following
      the origination of such Mortgage Loan. If the related Mortgagor elects not
      to prepay its ARD Loan in full on or prior to the Anticipated Repayment
      Date pursuant to the existing terms of the Mortgage Loan or a unilateral
      option (as defined in Treasury Regulations under Section 1001 of the Code)
      in the Mortgage Loan exercisable during the term of the Mortgage Loan, (i)
      the Mortgage Loan's interest rate will step up to an interest rate per
      annum as specified in the related Mortgage Loan documents; provided,
      however, that payment of such Excess Interest shall be deferred until the
      principal of such ARD Loan has been paid in full; (ii) all or a
      substantial portion of the Excess Cash Flow (which is net of certain costs
      associated with owning, managing and operating the related Mortgaged
      Property) collected after the Anticipated Repayment Date shall be applied
      towards the prepayment of such ARD Loan and once the principal balance of
      an ARD Loan has been reduced to zero all Excess Cash Flow will be applied
      to the payment of accrued Excess Interest; and (iii) if the property
      manager for the related Mortgaged Property can be removed by or at the
      direction of the mortgagee on the basis of a debt service coverage test,
      the subject debt service coverage ratio shall be calculated without taking
      account of any increase in the related Mortgage Interest Rate on such
      Mortgage Loan's Anticipated Repayment Date. No ARD Loan provides that the
      property manager for the related Mortgaged Property can be removed by or
      at the direction of the mortgagee solely because of the passage of the
      related Anticipated Repayment Date.

            (d) Each Mortgage Loan identified in the Mortgage Loan Schedule as
      an ARD Loan with a hard lockbox requires that tenants at the related
      Mortgaged Property shall (and each Mortgage Loan identified in the
      Mortgage Loan Schedule as an ARD Loan with a springing lockbox requires
      that tenants at the related Mortgaged Property shall, upon the occurrence
      of a specified trigger event, including, but not limited to, the
      occurrence of the related Anticipated Repayment Date) make rent payments
      into a lockbox controlled by the holder of the Mortgage Loan and to which
      the holder of the Mortgage Loan has a first perfected security interest;
      provided, however, with respect to each ARD Loan which is secured by a
      multi-family property with a hard lockbox, or with respect to each ARD
      Loan which is secured by a multi-family property with a springing lockbox,
      upon the occurrence of a specified trigger event, including, but not
      limited to, the occurrence of the related Anticipated Repayment Date,
      tenants either pay rents to a lockbox controlled by the holder of the
      Mortgage Loan or deposit rents with the property manager who will then
      deposit the rents into a lockbox controlled by the holder of the Mortgage
      Loan.

            (15) The terms of the Mortgage Loan documents evidencing such
Mortgage Loan comply in all material respects with all applicable local, state
and federal laws and regulations, and the Seller has complied with all material
requirements pertaining to the origination of the Mortgage Loans, including but
not limited to, usury and any and all other material requirements of any
federal, state or local law to the extent non-compliance would have a material
adverse effect on the Mortgage Loan.

            (16) To the Seller's knowledge and subject to clause (37) hereof, as
of the date of origination of the Mortgage Loan, based on inquiry customary in
the industry, the related Mortgaged Property was, and to the Seller's actual
knowledge and subject to clause (37) hereof, as of the Closing Date, the related
Mortgaged Property is, in all material respects, in compliance with, and is used
and occupied in accordance with, all restrictive covenants of record applicable
to such Mortgaged Property and applicable zoning laws and all inspections,
licenses, permits and certificates of occupancy required by law, ordinance or
regulation to be made or issued with regard to the Mortgaged Property have been
obtained and are in full force and effect, except to the extent (a) any material
non-compliance with applicable zoning laws is insured by an ALTA lender's title
insurance policy (or binding commitment therefor), or the equivalent as adopted
in the applicable jurisdiction, or a law and ordinance insurance policy, or (b)
the failure to obtain or maintain such inspections, licenses, permits or
certificates of occupancy does not materially impair or materially and adversely
affect the use and/or operation of the Mortgaged Property as it was used and
operated as of the date of origination of the Mortgage Loan or the rights of a
holder of the related Mortgage Loan.

            (17) All (a) taxes, water charges, sewer rents, assessments or other
similar outstanding governmental charges and governmental assessments which
became due and owing prior to the Closing Date in respect of the related
Mortgaged Property (excluding any related personal property), and if left
unpaid, would be, or might become, a lien on such Mortgaged Property having
priority over the related Mortgage and (b) insurance premiums or ground rents
which became due and owing prior to the Closing Date in respect of the related
Mortgaged Property (excluding any related personal property), have been paid, or
if disputed, or if such amounts are not delinquent prior to the Closing Date, an
escrow of funds in an amount sufficient (together with escrow payments required
to be made prior to delinquency) to cover such taxes and assessments and any
late charges due in connection therewith has been established. As of the date of
origination, the related Mortgaged Property was one or more separate and
complete tax parcels. For purposes of this representation and warranty, the
items identified herein shall not be considered due and owing until the date on
which interest or penalties would be first payable thereon.

            (18) To the Seller's knowledge based on surveys or the Title
Insurance Policy, (i) none of the material improvements that were included for
the purpose of determining the appraised value of the related Mortgaged Property
at the time of the origination of such Mortgage Loan lies outside the boundaries
and building restriction lines of such Mortgaged Property, except to the extent
they are legally nonconforming as contemplated by representation (37) below, and
(ii) no improvements on adjoining properties encroach upon such Mortgaged
Property, except in the case of either (i) or (ii) for (a) immaterial
encroachments which do not materially adversely affect the security intended to
be provided by the related Mortgage or the use, enjoyment, value or
marketability of such Mortgaged Property or (b) encroachments affirmatively
covered by the related Title Insurance Policy. With respect to each Mortgage
Loan, the property legally described in the survey, if any, obtained for the
related Mortgaged Property for purposes of the origination thereof is the same
as the property legally described in the Mortgage.

            (19) (a) Except with respect to repairs estimated to cost less than
$5,000 in the aggregate, as of the date of the applicable engineering report
(which was performed within 12 months prior to the Cut-off Date) related to the
Mortgaged Property and, to Seller's knowledge as of the Closing Date, the
related Mortgaged Property is either (i) in good repair, free and clear of any
damage that would materially adversely affect the value of such Mortgaged
Property as security for such Mortgage Loan or the use and operation of the
Mortgaged Property as it was being used or operated as of the origination date
or (ii) escrows in an amount consistent with the standard utilized by the Seller
with respect to similar loans it holds for its own account have been
established, which escrows will in all events be not less than 100% of the
estimated cost of the required repairs. Since the origination date, to the
Seller's actual knowledge, such Mortgaged Property has not been damaged by fire,
wind or other casualty or physical condition that would materially and adversely
affect its value as security for the related Mortgage Loan (including, without
limitation, any soil erosion or subsidence or geological condition), which
damage has not been fully repaired or fully insured, or for which escrows in an
amount consistent with the standard utilized by the Seller with respect to loans
it holds for its own account have not been established.

            (b) As of the origination date of such Mortgage Loan and to the
      Seller's actual knowledge, as of the Closing Date, there are no
      proceedings pending or, to the Seller's actual knowledge, threatened, for
      the partial or total condemnation of the relevant Mortgaged Property.

            (20) The Mortgage Loans that are identified on Exhibit A as being
secured in whole or in part by a leasehold estate (a "Ground Lease") (except
with respect to any Mortgage Loan also secured by the related fee interest in
the Mortgaged Property) satisfy the following conditions:

            (a) such Ground Lease or a memorandum thereof has been or will be
      duly recorded; such Ground Lease or other agreement received by the
      originator of the Mortgage Loan from the ground lessor, provides that the
      interest of the lessee thereunder may be encumbered by the related
      Mortgage and does not restrict the use of the related Mortgaged Property
      by such lessee, its successors or assigns, in a manner that would
      materially and adversely affect the security provided by the Mortgage; as
      of the date of origination of the Mortgage Loan, there was no material
      change of record in the terms of such Ground Lease with the exception of
      written instruments which are part of the related Mortgage File and Seller
      has no knowledge of any material change in the terms of such Ground Lease
      since the recordation of the related Mortgage, with the exception of
      written instruments which are part of the related Mortgage File;

            (b) such Ground Lease or such other agreement received by the
      originator of the Mortgage Loan from the ground lessor is not subject to
      any liens or encumbrances superior to, or of equal priority with, the
      related Mortgage, other than the related fee interest and Permitted
      Encumbrances and such Ground Lease or such other agreement received by the
      originator of the Mortgage Loan from the ground lessor is, and shall
      remain, prior to any mortgage or other lien upon the related fee interest
      (other than the Permitted Encumbrances) unless a nondisturbance agreement
      is obtained from the holder of any mortgage on the fee interest which is
      assignable to or for the benefit of the related lessee and the related
      mortgagee;

            (c) such Ground Lease or other agreement provides that upon
      foreclosure of the related Mortgage or assignment of the Mortgagor's
      interest in such Ground Lease in lieu thereof, the mortgagee under such
      Mortgage is entitled to become the owner of such interest upon notice to,
      but without the consent of, the lessor thereunder and, in the event that
      such mortgagee (or any of its successors and assigns under the Mortgage)
      becomes the owner of such interest, such interest is further assignable by
      such mortgagee (or any of its successors and assigns under the Mortgage)
      upon notice to such lessor, but without a need to obtain the consent of
      such lessor;

            (d) such Ground Lease is in full force and effect and no default of
      tenant or ground lessor was in existence at origination, or to the
      Seller's knowledge, is in existence as of the Closing Date, under such
      Ground Lease, nor at origination was, or to the Seller's knowledge, is
      there any condition which, but for the passage of time or the giving of
      notice, would result in a default under the terms of such Ground Lease;
      either such Ground Lease or a separate agreement contains the ground
      lessor's covenant that it shall not amend, modify, cancel or terminate
      such Ground Lease without the prior written consent of the mortgagee under
      such Mortgage and any amendment, modification, cancellation or termination
      of the Ground Lease without the prior written consent of the related
      mortgagee, or its successors or assigns is not binding on such mortgagee,
      or its successor or assigns;

            (e) such Ground Lease or other agreement requires the lessor
      thereunder to give written notice of any material default by the lessee to
      the mortgagee under the related Mortgage, provided that such mortgagee has
      provided the lessor with notice of its lien in accordance with the
      provisions of such Ground Lease; and such Ground Lease or other agreement
      provides that no such notice of default and no termination of the Ground
      Lease in connection with such notice of default shall be effective against
      such mortgagee unless such notice of default has been given to such
      mortgagee and any related Ground Lease or other agreement contains the
      ground lessor's covenant that it will give to the related mortgagee, or
      its successors or assigns, any notices it sends to the Mortgagor;

            (f) either (i) the related ground lessor has subordinated its
      interest in the related Mortgaged Property to the interest of the holder
      of the Mortgage Loan or (ii) such Ground Lease or other agreement provides
      that (A) the mortgagee under the related Mortgage is permitted a
      reasonable opportunity to cure any default under such Ground Lease which
      is curable, including reasonable time to gain possession of the interest
      of the lessee under the Ground Lease, after the receipt of notice of any
      such default before the lessor thereunder may terminate such Ground Lease;
      (B) in the case of any such default which is not curable by such
      mortgagee, or in the event of the bankruptcy or insolvency of the lessee
      under such Ground Lease, such mortgagee has the right, following
      termination of the existing Ground Lease or rejection thereof by a
      bankruptcy trustee or similar party, to enter into a new ground lease with
      the lessor on substantially the same terms as the existing Ground Lease;
      and (C) all rights of the Mortgagor under such Ground Lease (insofar as it
      relates to the Ground Lease) may be exercised by or on behalf of such
      mortgagee under the related Mortgage upon foreclosure or assignment in
      lieu of foreclosure;

            (g) such Ground Lease has an original term (or an original term plus
      one or more optional renewal terms that under all circumstances may be
      exercised, and will be enforceable, by the mortgagee or its assignee)
      which extends not less than 20 years beyond the stated maturity date of
      the related Mortgage Loan;

            (h) under the terms of such Ground Lease and the related Mortgage,
      taken together, any related insurance proceeds will be applied either to
      the repair or restoration of all or part of the related Mortgaged
      Property, with the mortgagee under such Mortgage or a financially
      responsible institution acting as trustee appointed by it, or consented to
      by it, or by the lessor having the right to hold and disburse such
      proceeds as the repair or restoration progresses (except in such cases
      where a provision entitling another party to hold and disburse such
      proceeds would not be viewed as commercially unreasonable by a prudent
      commercial mortgage lender), or to the payment in whole or in part of the
      outstanding principal balance of such Mortgage Loan together with any
      accrued and unpaid interest thereon; and

            (i) such Ground Lease does not impose any restrictions on subletting
      which would be viewed as commercially unreasonable by the Seller; such
      Ground Lease contains a covenant (or applicable laws provide) that the
      lessor thereunder is not permitted, in the absence of an uncured default,
      to disturb the possession, interest or quiet enjoyment of any lessee in
      the relevant portion of such Mortgaged Property subject to such Ground
      Lease for any reason, or in any manner, which would materially adversely
      affect the security provided by the related Mortgage.

            (21) (a) Except for those Mortgage Loans set forth on Schedule I
hereto for which a lender's environmental insurance policy was obtained in lieu
of an Environmental Site Assessment, an Environmental Site Assessment relating
to each Mortgaged Property and prepared no earlier than 12 months prior to the
Closing Date was obtained and reviewed by the Seller in connection with the
origination of such Mortgage Loan and a copy is included in the Servicing File.

            (b) Such Environmental Site Assessment does not identify, and the
      Seller has no actual knowledge of, any adverse circumstances or conditions
      with respect to or affecting the Mortgaged Property that would constitute
      or result in a material violation of any Environmental Laws, other than
      with respect to a Mortgaged Property (i) for which environmental insurance
      (as set forth on Schedule II hereto) is maintained, or (ii) which would
      require any expenditure greater than 5% of the outstanding principal
      balance of such Mortgage Loan to achieve or maintain compliance in all
      material respects with any Environmental Laws for which adequate sums, but
      in no event less than 125% of the estimated cost as set forth in the
      Environmental Site Assessment, were reserved in connection with the
      origination of the Mortgage Loan and for which the related Mortgagor has
      covenanted to perform, or (iii) as to which the related Mortgagor or one
      of its affiliates is currently taking or required to take such actions
      (which may be the implementation of an operations and maintenance plan),
      if any, with respect to such conditions or circumstances as have been
      recommended by the Environmental Site Assessment or required by the
      applicable governmental authority, or (iv) as to which another responsible
      party not related to the Mortgagor with assets reasonably estimated by the
      Seller at the time of origination to be sufficient to effect all necessary
      or required remediation identified in a notice or other action from the
      applicable governmental authority is currently taking or required to take
      such actions, if any, with respect to such regulatory authority's order or
      directive, or (v) as to which such conditions or circumstances identified
      in the Environmental Site Assessment were investigated further and based
      upon such additional investigation, an environmental consultant
      recommended no further investigation or remediation, or (vi) as to which a
      party with financial resources reasonably estimated to be adequate to cure
      the condition or circumstance provided a guaranty or indemnity to the
      related Mortgagor or to the mortgagee to cover the costs of any required
      investigation, testing, monitoring or remediation, or (vii) as to which
      the related Mortgagor or other responsible party obtained a "No Further
      Action" letter or other evidence reasonably acceptable to a prudent
      commercial mortgage lender that applicable federal, state, or local
      governmental authorities had no current intention of taking any action,
      and are not requiring any action, in respect of such condition or
      circumstance, or (viii) which would not require substantial cleanup,
      remedial action or other extraordinary response under any Environmental
      Laws reasonably estimated to cost in excess of 5% of the outstanding
      principal balance of such Mortgage Loan.

            (c) To the Seller's actual knowledge and in reliance upon the
      Environmental Site Assessment, except for any Hazardous Materials being
      handled in accordance with applicable Environmental Laws and except for
      any Hazardous Materials present at such Mortgaged Property for which, to
      the extent that an Environmental Site Assessment recommends remediation or
      other action, (A) there exists either (i) environmental insurance with
      respect to such Mortgaged Property (as set forth on Schedule II hereto) or
      (ii) an amount in an escrow account pledged as security for such Mortgage
      Loan under the relevant Mortgage Loan documents equal to no less than 125%
      of the amount estimated in such Environmental Site Assessment as
      sufficient to pay the cost of such remediation or other action in
      accordance with such Environmental Site Assessment or (B) one of the
      statements set forth in clause (b) above is true, (1) such Mortgaged
      Property is not being used for the treatment or disposal of Hazardous
      Materials; (2) no Hazardous Materials are being used or stored or
      generated for off-site disposal or otherwise present at such Mortgaged
      Property other than Hazardous Materials of such types and in such
      quantities as are customarily used or stored or generated for off-site
      disposal or otherwise present in or at properties of the relevant property
      type; and (3) such Mortgaged Property is not subject to any environmental
      hazard (including, without limitation, any situation involving Hazardous
      Materials) which under the Environmental Laws would have to be eliminated
      before the sale of, or which could otherwise reasonably be expected to
      adversely affect in more than a de minimis manner the value or
      marketability of, such Mortgaged Property.

            (d) The related Mortgage or other Mortgage Loan documents contain
      covenants on the part of the related Mortgagor requiring its compliance
      with any present or future federal, state and local Environmental Laws and
      regulations in connection with the Mortgaged Property. The related
      Mortgagor (or an affiliate thereof) has agreed to indemnify, defend and
      hold the Seller, and its successors and assigns, harmless from and against
      any and all losses, liabilities, damages, penalties, fines, expenses and
      claims of whatever kind or nature (including attorneys' fees and costs)
      imposed upon or incurred by or asserted against any such party resulting
      from a breach of the environmental representations, warranties or
      covenants given by the related Mortgagor in connection with such Mortgage
      Loan.

            (e) Each of the Mortgage Loans which is covered by a lender's
      environmental insurance policy obtained in lieu of an Environmental Site
      Assessment ("In Lieu of Policy") is identified on Schedule I, and each In
      Lieu of Policy is in an amount equal to 125% of the outstanding principal
      balance of the related Mortgage Loan and has a term ending no sooner than
      the maturity date (or, in the case of an ARD Loan, the final maturity
      date) of the related Mortgage Loan. All environmental assessments or
      updates that were in the possession of the Seller and that relate to a
      Mortgaged Property identified on Schedule I as being insured by an In Lieu
      of Policy have been delivered to or disclosed to the In Lieu of Policy
      carrier issuing such policy prior to the issuance of such policy.

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received (1) any notice of non payment of
premiums that has not been cured in a timely manner by the related Mortgagor or
(2) any notice of cancellation or termination of such Insurance Policies. The
relevant Servicing File contains the Insurance Policy required for such Mortgage
Loan or a certificate of insurance for such Insurance Policy. Each Mortgage
requires that the related Mortgaged Property and all improvements thereon are
covered by Insurance Policies providing (a) coverage in the amount of the lesser
of full replacement cost of such Mortgaged Property and the outstanding
principal balance of the related Mortgage Loan (subject to customary
deductibles) for losses sustained by fire and against loss or damage by other
risks and hazards covered by a standard extended coverage insurance policy
providing "special" form coverage in an amount sufficient to prevent the
Mortgagor from being deemed a co-insurer and to provide coverage on a full
replacement cost basis of such Mortgaged Property (in some cases exclusive of
excavations, underground utilities, foundations and footings) with an agreed
amount endorsement to avoid application of any coinsurance provision; such
policies contain a standard mortgage clause naming mortgagee and its successor
in interest as additional insureds or loss payee, as applicable; (b) business
interruption or rental loss insurance in an amount at least equal to (i) 12
months of operations or (ii) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (c)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not less than amounts prescribed by FEMA; (d)
workers' compensation, if required by law; (e) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. The related Mortgaged Property is
insured by an Insurance Policy, issued by an insurer meeting the requirements of
such Mortgage Loan and having a claims-paying or financial strength rating of at
least "A-:V" from A.M. Best Company or "A-" (or the equivalent) from Standard &
Poor's Ratings Services, Fitch, Inc. or Moody's Investors Service, Inc. An
architectural or engineering consultant has performed an analysis of each of the
Mortgaged Properties located in seismic zones 3 or 4 in order to evaluate the
structural and seismic condition of such property, for the sole purpose of
assessing the probable maximum loss ("PML") for the Mortgaged Property in the
event of an earthquake. In such instance, the PML was based on a return period
of not less than 100 years, an exposure period of 50 years and a 10% probability
of exceedence. If the resulting report concluded that the PML would exceed 20%
of the amount of the replacement costs of the improvements, earthquake insurance
on such Mortgaged Property was obtained by an insurer rated at least "A-:V" by
A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's Ratings
Services, Fitch, Inc. or Moody's Investors Service, Inc. To the Seller's actual
knowledge, the insurer issuing each of the foregoing insurance policies is
qualified to write insurance in the jurisdiction where the related Mortgaged
Property is located.

            (23) All amounts required to be deposited by each Mortgagor at
origination under the related Mortgage Loan documents have been deposited or
have been withheld from the related Mortgage Loan proceeds at origination and
there are no deficiencies with regard thereto.

            (24) Whether or not a Mortgage Loan was originated by the Seller, to
the Seller's knowledge, with respect to each Mortgage Loan originated by the
Seller and each Mortgage Loan originated by any Person other than the Seller, as
of the date of origination of the related Mortgage Loan, and, to the Seller's
actual knowledge, with respect to each Mortgage Loan originated by the Seller
and any prior holder of the Mortgage Loan, as of the Closing Date, there are no
actions, suits, arbitrations or governmental investigations or proceedings by or
before any court or other governmental authority or agency now pending against
or affecting the Mortgagor under any Mortgage Loan or any of the Mortgaged
Properties which, if determined against such Mortgagor or such Mortgaged
Property, would materially and adversely affect the value of such Mortgaged
Property, the security intended to be provided with respect to the related
Mortgage Loan, or the ability of such Mortgagor and/or the current use of such
Mortgaged Property to generate net cash flow to pay principal, interest and
other amounts due under the related Mortgage Loan; and to the Seller's actual
knowledge there are no such actions, suits or proceedings threatened against
such Mortgagor.

            (25) Each Mortgage Loan complied at origination, in all material
respects, with all of the terms, conditions and requirements of the Seller, or
if the Seller is not the originator, then, to the knowledge of the Seller, the
originator's or the Seller's, underwriting standards applicable to such Mortgage
Loan and since origination, the Mortgage Loan has been serviced in all material
respects in a legal manner in conformance with customary industry standards.

            (26) The originator of the Mortgage Loan or the Seller has inspected
or caused to be inspected each related Mortgaged Property within the 12 months
prior to the Closing Date.

            (27) The Mortgage Loan documents require the Mortgagor to provide
the holder of the Mortgage Loan with at least annual operating statements,
financial statements and except for Mortgage Loans for which the related
Mortgaged Property is leased to a single tenant, rent rolls.

            (28) All escrow deposits and payments required by the terms of each
Mortgage Loan are in the possession, or under the control of the Seller (except
to the extent they have been disbursed for their intended purposes), and all
amounts required to be deposited by the applicable Mortgagor under the related
Mortgage Loan documents have been deposited, and there are no deficiencies with
regard thereto (subject to any applicable notice and cure period). All of the
Seller's interest in such escrows and deposits will be conveyed by the Seller to
the Purchaser hereunder.

            (29) No two or more Mortgage Loans representing, in the aggregate,
more than 5% of the aggregate outstanding principal amount of all the mortgage
loans included in the Trust Fund have the same Mortgagor or, to the Seller's
knowledge, are to Mortgagors which are entities controlled by one another or
under common control.

            (30) Each Mortgagor with respect to a Mortgage Loan with a principal
balance as of the Cut-off Date in excess of $15,000,000 included in the Trust
Fund is an entity whose organizational documents or related Mortgage Loan
documents provide that it is, and at least so long as the Mortgage Loan is
outstanding will continue to be, a Single Purpose Entity. For this purpose,
"Single Purpose Entity" shall mean a Person, other than an individual, whose
organizational documents or related Mortgage Loan documents provide that it
shall engage solely in the business of owning and operating the Mortgaged
Property and which does not engage in any business unrelated to such property
and the financing thereof, does not have any assets other than those related to
its interest in the Mortgaged Property or the financing thereof or any
indebtedness other than as permitted by the related Mortgage or the other
Mortgage Loan documents, and the organizational documents of which require that
it have its own separate books and records and its own accounts, in each case
which are separate and apart from the books and records and accounts of any
other Person.

            (31) The gross proceeds of each Mortgage Loan to the related
Mortgagor at origination did not exceed the non-contingent principal amount of
the Mortgage Loan and either: (a) such Mortgage Loan is secured by an interest
in real property having a fair market value (i) at the date the Mortgage Loan
was originated at least equal to 80% of the original principal balance of the
Mortgage Loan or (ii) at the Closing Date at least equal to 80% of the original
principal balance of the Mortgage Loan on such date; provided that for purposes
hereof, the fair market value of the real property interest must first be
reduced by (A) the amount of any lien on the real property interest that is
senior to the Mortgage Loan and (B) a proportionate amount of any lien that is
in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan
that is cross-collateralized with such Mortgage Loan, in which event the
computation described in sub-clauses (a)(i) and (a)(ii) of this clause (31)
shall be made on a pro rata basis in accordance with the fair market values of
the Mortgaged Properties securing such cross-collateralized Mortgage Loan); or
(b) substantially all the proceeds of such Mortgage Loan were used to acquire,
improve or protect the real property which served as the only security for such
Mortgage Loan (other than a recourse feature or other third party credit
enhancement within the meaning of Treasury Regulations Section
1.860G-2(a)(1)(ii)). If the Mortgage Loan was "significantly modified" prior to
the Closing Date so as to result in a taxable exchange under Section 1001 of the
Code, it either (x) was modified as a result of the default or reasonably
foreseeable default of such Mortgage Loan or (y) satisfies the provisions of
either sub-clause (a)(i) above (substituting the date of the last such
modification for the date the Mortgage Loan was originated) or sub-clause
(a)(ii), including the proviso thereto. The Mortgage Loan is a "qualified
mortgage" within the meaning of Section 860G(a)(3) of the Code (but without
regard to the rule in Treasury Regulations Section 1.860G-2(f)(2) that treats
certain defective mortgage loans as qualified mortgages). Any prepayment premium
and yield maintenance charges applicable to the Mortgage Loan constitute
"customary prepayment penalties" within the meaning of Treasury Regulations
Section 1.860G-1(b)(2).

            (32) Each of the Mortgage Loans contains a "due on sale" clause,
which provides for the acceleration of the payment of the unpaid principal
balance of the Mortgage Loan if, without the prior written consent of the holder
of the Mortgage Loan, the property subject to the Mortgage, or any controlling
interest therein, is directly or indirectly transferred or sold (except that it
may provide for transfers by devise, descent or operation of law upon the death
of a member, manager, general partner or shareholder of a Mortgagor and that it
may provide for transfers subject to the Mortgage Loan holder's approval of
transferee, transfers of worn out or obsolete furnishings, fixtures, or
equipment promptly replaced with property of equivalent value and functionality,
transfers of leases entered into in accordance with the Mortgage Loan documents,
transfers to affiliates, transfers to family members for estate planning
purposes, transfers among existing members, partners or shareholders in
Mortgagors or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage or Mortgage Note requires the Mortgagor to pay all
reasonable out-of-pocket fees and expenses associated with securing the consent
or approval of the holder of the Mortgage for a waiver of a "due on sale" or
"due on encumbrance" clause or a defeasance provision. As of the Closing Date,
the Seller holds no preferred equity interest in any Mortgagor and the Seller
holds no mezzanine debt related to such Mortgaged Property.

            (33) Except with respect to the AB Mortgage Loans, each Mortgage
Loan is a whole loan and not a participation interest in a mortgage loan.

            (34) Each Mortgage Loan containing provisions for defeasance of
mortgage collateral provides that: defeasance may not occur any earlier than two
years after the Closing Date; and requires or provides (i) the replacement
collateral consist of U.S. "government securities," within the meaning of
Treasury Regulations Section 1.860 G-2(a)(8)(i), in an amount sufficient to make
all scheduled payments under the Mortgage Note when due (up to the maturity date
for the related Mortgage Loan, the Anticipated Repayment Date for ARD Loans or
the date on which the Mortgagor may prepay the related Mortgage Loan without
payment of any prepayment penalty); (ii) the loan may be assumed by a Single
Purpose Entity approved by the holder of the Mortgage Loan; (iii) counsel
provide an opinion that the trustee has a perfected security interest in such
collateral prior to any other claim or interest; and (iv) such other documents
and certifications as the mortgagee may reasonably require which may include,
without limitation, (A) a certification that the purpose of the defeasance is to
facilitate the disposition of the mortgaged real property or any other customary
commercial transaction and not to be part of an arrangement to collateralize a
REMIC offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in clause (35) hereof). In
addition, if the related Mortgage Loan permits defeasance, then the Mortgage
Loan documents provide that the related Mortgagor shall (x) pay all reasonable
fees associated with the defeasance of the Mortgage Loan and all other
reasonable expenses associated with the defeasance, or (y) provide all opinions
required under the related Mortgage Loan documents, and in the case of any
Mortgage Loan with an outstanding principal balance as of the Cut-off Date of
$40,000,000 or greater, (a) a REMIC opinion and (b) rating agency letters
confirming that no downgrade or qualification shall occur as a result of the
defeasance.

            (35) In the event that a Mortgage Loan is secured by more than one
Mortgaged Property, then, in connection with a release of less than all of such
Mortgaged Properties, a Mortgaged Property may not be released as collateral for
the related Mortgage Loan unless, in connection with such release, an amount
equal to not less than 125% of the Allocated Loan Amount for such Mortgaged
Property is prepaid or, in the case of a defeasance, an amount equal to not less
than 125% of the Allocated Loan Amount is defeased through the deposit of
replacement collateral (as contemplated in clause (34) hereof) sufficient to
make all scheduled payments with respect to such defeased amount, or such
release is otherwise in accordance with the terms of the Mortgage Loan
documents.

            (36) Each Mortgaged Property is owned by the related Mortgagor,
except for Mortgaged Properties which are secured in whole or in a part by a
Ground Lease and for out-parcels, and is used and occupied for commercial or
multifamily residential purposes in accordance with applicable law.

            (37) In the event of casualty or destruction of the Mortgaged
Property, any non-conformity with applicable zoning laws as of the origination
date will not prohibit the Mortgaged Property from being restored or repaired in
all material respects, to the use or structure at the time of such casualty,
except for restrictions on its use or rebuildability for which (i) law and
ordinance insurance coverage has been obtained in amounts consistent with the
standards utilized by the Seller or (ii) an ALTA lender's title insurance policy
or the equivalent as adopted in the applicable jurisdiction, insuring against
such non-conformity.

            (38) Neither the Seller nor any affiliate thereof has any obligation
to make any capital contributions to the related Mortgagor under the Mortgage
Loan. The Mortgage Loan was not originated for the sole purpose of financing the
construction of incomplete improvements on the related Mortgaged Property.

            (39) No court of competent jurisdiction will determine in a final
decree that fraud with respect to the Mortgage Loans has taken place on the part
of the Seller or, to the Seller's actual knowledge, on the part of any
originator, in connection with the origination of such Mortgage Loan.

            (40) If the related Mortgage or other Mortgage Loan documents
provide for a grace period for delinquent Monthly Payments, such grace period is
no longer than ten (10) days from the applicable payment date.

            (41) The following statements are true with respect to the related
Mortgaged Property: (a) the Mortgaged Property is located on or adjacent to a
dedicated road or has access to an irrevocable easement permitting ingress and
egress and (b) the Mortgaged Property is served by public or private utilities,
water and sewer (or septic facilities) appropriate for the use in which the
Mortgaged Property is currently being utilized.

            (42) None of the Mortgage Loan documents contain any provision that
expressly excuses the related borrower from obtaining and maintaining insurance
coverage for acts of terrorism or, in circumstances where terrorism insurance is
not expressly required, the mortgagee is not prohibited from requesting that the
related borrower maintain such insurance, in each case, to the extent such
insurance coverage is generally available for like properties in such
jurisdictions at commercially reasonable rates. Each Mortgaged Property is
insured by a "standard extended coverage" casualty insurance policy that does
not contain an express exclusion for (or, alternatively, is covered by a
separate policy that insures against property damage resulting from) acts of
terrorism.

            (43) An appraisal of the related Mortgaged Property was conducted in
connection with the origination of such Mortgage Loan, and such appraisal
satisfied the guidelines in Title XI of the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, as in effect on the date such Mortgage
Loan was originated.

            (44) Each Mortgaged Property is, and is required pursuant to the
related Mortgage to be, insured by (a) a fire and extended perils insurance
policy providing coverage against loss or damage sustained by reason of fire,
lightning, windstorm, hail, explosion, riot, riot attending a strike, civil
commotion, aircraft, vehicles and smoke, and, (b) to the extent required as of
the date of origination by the originator of such Mortgage Loan consistent with
its capital markets conduit lending practices, against other risks insured
against by persons operating like properties in the locality of the Mortgaged
Property, in each case in an amount not less than the lesser of the principal
balance of the related Mortgage Loan and the replacement cost of the
improvements located at the Mortgaged Property, and not less than the amount
necessary to avoid the operation of any co-insurance provisions with respect to
the Mortgaged Property, and the policy contains no provisions for a deduction
for depreciation.

            Defined Terms:

            The term "Allocated Loan Amount" shall mean, for each Mortgaged
Property, the portion of principal of the related Mortgage Loan allocated to
such Mortgaged Property for certain purposes (including determining the release
prices of properties, if permitted) under such Mortgage Loan as set forth in the
related loan documents. There can be no assurance, and it is unlikely, that the
Allocated Loan Amounts represent the current values of individual Mortgaged
Properties, the price at which an individual Mortgaged Property could be sold in
the future to a willing buyer or the replacement cost of the Mortgaged
Properties.

            The term "Anticipated Repayment Date" shall mean the date on which
all or substantially all of any Excess Cash Flow is required to be applied
toward prepayment of the related Mortgage Loan and on which any such Mortgage
Loan begins accruing Excess Interest.

            The term "ARD Loan" shall have the meaning assigned thereto in the
Pooling and Servicing Agreement.

            The term "Environmental Site Assessment" shall mean a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials, and, if in accordance with customary industry standards a
reasonable lender would require it, a Phase II environmental report, each
prepared by a licensed third party professional experienced in environmental
matters.

            The term "Excess Cash Flow" shall mean the cash flow from the
Mortgaged Property securing an ARD Loan after payments of interest (at the
Mortgage Interest Rate) and principal (based on the amortization schedule), and
(a) required payments for the tax and insurance fund and ground lease escrows
fund, (b) required payments for the monthly debt service escrows, if any, (c)
payments to any other required escrow funds and (d) payment of operating
expenses pursuant to the terms of an annual budget approved by the applicable
Master Servicer and discretionary (lender approved) capital expenditures.

            The term "Excess Interest" shall mean any accrued and deferred
interest on an ARD Loan in accordance with the following terms. Commencing on
the respective Anticipated Repayment Date each ARD Loan (pursuant to its
existing terms or a unilateral option, as defined in Treasury Regulations under
Section 1001 of the Code, in the Mortgage Loans exercisable during the term of
the Mortgage Loan) generally will bear interest at a fixed rate (the "Revised
Rate") per annum equal to the Mortgage Interest Rate plus a percentage specified
in the related Mortgage Loan documents. Until the principal balance of each such
Mortgage Loan has been reduced to zero (pursuant to its existing terms or a
unilateral option, as defined in Treasury Regulations under Section 1001 of the
Code, in the Mortgage Loans exercisable during the term of the Mortgage Loan),
such Mortgage Loan will only be required to pay interest at the Mortgage
Interest Rate and the interest accrued at the excess of the related Revised Rate
over the related Mortgage Interest Rate will be deferred (such accrued and
deferred interest and interest thereon, if any, is "Excess Interest").

            The term "in reliance on" shall mean that:

            (a) the Seller has examined and relied in whole or in part upon one
      or more of the specified documents or other information in connection with
      a given representation or warranty;

            (b) that the information contained in such document or otherwise
      obtained by the Seller appears on its face to be consistent in all
      material respects with the substance of such representation or warranty;

            (c) the Seller's reliance on such document or other information is
      consistent with the standard of care exercised by prudent lending
      institutions originating commercial mortgage loans; and

            (d) although the Seller is under no obligation to verify
      independently the information contained in any document specified as being
      relied upon by it, the Seller believes the information contained therein
      to be true, accurate and complete in all material respects and has no
      actual knowledge of any facts or circumstances which would render reliance
      thereon unjustified without further inquiry.

            The term "Mortgage Interest Rate" shall mean the fixed rate of
interest per annum that each Mortgage Loan bears as of the Cut-off Date.

            The term "Permitted Encumbrances" shall mean:

            (a) the lien of current real property taxes, water charges, sewer
      rents and assessments not yet delinquent or accruing interest or
      penalties;

            (b) covenants, conditions and restrictions, rights of way, easements
      and other matters of public record acceptable to mortgage lending
      institutions generally and referred to in the related mortgagee's title
      insurance policy;

            (c) other matters to which like properties are commonly subject, and

            (d) the rights of tenants, as tenants only, whether under ground
      leases or space leases at the Mortgaged Property.

            which together do not materially and adversely affect the related
      Mortgagor's ability to timely make payments on the related Mortgage Loan,
      which do not materially interfere with the benefits of the security
      intended to be provided by the related Mortgage or the use, for the use
      currently being made, the operation as currently being operated,
      enjoyment, value or marketability of such Mortgaged Property, provided,
      however, that, for the avoidance of doubt, Permitted Encumbrances shall
      exclude all pari passu, second, junior and subordinated mortgages but
      shall not exclude mortgages that secure other Mortgage Loans or Companion
      Loans that are cross-collateralized with the related Mortgage Loan.

            Other. For purposes of these representations and warranties, the
term "to the Seller's knowledge" shall mean that no officer, employee or agent
of the Seller responsible for the underwriting, origination or sale of the
Mortgage Loans or of any servicer responsible for servicing the Mortgage Loan on
behalf of the Seller, believes that a given representation or warranty is not
true or is inaccurate based upon the Seller's reasonable inquiry and during the
course of such inquiry, no such officer, employee or agent of the Seller has
obtained any actual knowledge of any facts or circumstances that would cause
such person to believe that such representation or warranty was inaccurate.
Furthermore, all information contained in documents which are part of or
required to be part of a Mortgage File shall be deemed to be within the Seller's
knowledge. For purposes of these representations and warranties, the term "to
the Seller's actual knowledge" shall mean that an officer, employee or agent of
the Seller responsible for the underwriting, origination and sale of the
Mortgage Loans does not actually know of any facts or circumstances that would
cause such person to believe that such representation or warranty was
inaccurate.

<PAGE>

                            Exhibit A - Ground Leases

--------------------------------------------------------------------------------
Loan No. 19          Comfort Inn & Suites - San Diego Zoo       Fee/Leasehold
--------------------------------------------------------------------------------
Loan No. 125         312 S. State Street                        Fee/Leasehold
--------------------------------------------------------------------------------

<PAGE>

                                    EXHIBIT C

                                JPMCC 2007-LDP12

                 Exceptions to Representations for Nomura Loans

Representation # (4)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Villa St. Marie MHP  The subject property is subject to rent control
                                by Santa Barbara County, which allows annual
                                rent increases at 75% of CPI.

Representation # (6)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Villa St. Marie MHP  The subject property is subject to rent control
                                by Santa Barbara County, which allows annual
                                rent increases at 75% of CPI.

           Plaza El Segundo     The property also secures a $13,000,000 B note
                                that is subject to a subordination and/or
                                standstill agreement.

Representation # (8)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Villa St. Marie MHP  The subject property is subject to rent control
                                by Santa Barbara County, which allows annual
                                rent increases at 75% of CPI.

Representation # (10(a))

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Gateway Plaza        Only the mortgagor is liable for a breach of
           (College Station),   the environmental covenants. Liability does not
           AT&T - Cleveland,    go to actual waste but to acts related to the
           OH, Waterford Place  removal or disposal of any portion of the
           Apartments           property after an event
                                of default.

           Comfort Inn &        Only the mortgagor is liable for the carveouts.
           Suites - San Diego
           Zoo, Loveridge
           Terrace Apartments

Representation # (16)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Sheraton Gunter      An affiliate of the Mortgagor holds the liquor
                                license for the property, and provides liquor
                                concession services to the Mortgagor pursuant
                                to a Lease Agreement which has been assigned to
                                the lender and subordinated to the loan
                                documents.

           AT&T - Cleveland,    No copy of the Certificate of Occupancy was
           OH                   able to be obtained from the records of the
                                city of Cleveland. Recent Permit Applications
                                and, in some cases, City Inspection signoffs,
                                for various work in or to the building were
                                provided.

Representation # (19(a))

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Waterford Place      An escrow for immediate repairs was not taken
           Apartment            at closing.

           Plaza El Segundo     The Edge portion of the property is currently
                                being built out. At loan closing a
                                $16,380,947.18 Capital Improvement reserve was
                                set up for the same. The borrower has provided
                                a completion guaranty as well.

Representation # (20(b))

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Comfort Inn &        The ground lease will not be superior to any
           Suites - San Diego   mortgage on the fee, though lessor and such
           Zoo                  mortgagee are required to deliver a
                                non-disturbance agreement to Borrower and
                                Lender.

Representation # (21(b))

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Plaza El Segundo     At the Mortgaged Property a Phase I, dated July
                                6, 2007, reported that the Mortgaged Property
                                was occupied from the early 1960's until 2003
                                by a chemical manufacturing and processing
                                facility operated by Allied Chemical
                                Corporation (later Honeywell International) and
                                that these past uses have resulted in releases
                                of volatile organic compounds to soil and
                                groundwater underlying the Mortgaged Property.
                                Honeywell International is conducting
                                remediation under the oversight of the
                                California Regional Water Quality Control
                                Board, Los Angeles Region. A "restricted no
                                further action determination" for shallow soils
                                was issued by the California Regional Water
                                Quality Control Board, Los Angeles Region, in
                                2005. The "restricted no further action
                                determination" pertains only to soils ranging
                                in depth from 0 to 10 feet and requires that
                                the portion of the Mortgaged Property covered
                                by the "restricted no further action
                                determination" may only be used for industrial
                                or commercial uses. Soil vapor, soil at depths
                                greater than 10 feet, and groundwater at the
                                Mortgaged Property remain impacted with
                                volatile organic compounds. Honeywell
                                International plans to address these conditions
                                through implementation of a soil vapor
                                extraction system, vapor barrier and passive
                                venting system, and groundwater remediation
                                under the continued oversight of the California
                                Regional Water Quality Control Board, Los
                                Angeles Region. There can be no assurance that
                                Honeywell International or any responsible
                                party will complete the required remediation,
                                or that additional investigation or remediation
                                will not be required.

Representation # (21(c))

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Plaza El Segundo     At the Mortgaged Property a Phase I, dated July
                                6, 2007, reported that the Mortgaged Property
                                was occupied from the early 1960's until 2003
                                by a chemical manufacturing and processing
                                facility operated by Allied Chemical
                                Corporation (later Honeywell International) and
                                that these past uses have resulted in releases
                                of volatile organic compounds to soil and
                                groundwater underlying the Mortgaged Property.
                                Honeywell International is conducting
                                remediation under the oversight of the
                                California Regional Water Quality Control
                                Board, Los Angeles Region. A "restricted no
                                further action determination" for shallow soils
                                was issued by the California Regional Water
                                Quality Control Board, Los Angeles Region, in
                                2005. The "restricted no further action
                                determination" pertains only to soils ranging
                                in depth from 0 to 10 feet and requires that
                                the portion of the Mortgaged Property covered
                                by the "restricted no further action
                                determination" may only be used for industrial
                                or commercial uses. Soil vapor, soil at depths
                                greater than 10 feet, and groundwater at the
                                Mortgaged Property remain impacted with
                                volatile organic compounds. Honeywell
                                International plans to address these conditions
                                through implementation of a soil vapor
                                extraction system, vapor barrier and passive
                                venting system, and groundwater remediation
                                under the continued oversight of the California
                                Regional Water Quality Control Board, Los
                                Angeles Region. There can be no assurance that
                                Honeywell International or any responsible
                                party will complete the required remediation,
                                or that additional investigation or remediation
                                will not be required.

Representation # (22)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           All Nomura Loans     Nomura generally requires an AM Best rating of
                                A:IX.

           312 S. State Street  Borrower is allowed to maintain insurance
                                coverage with its current insurer so long as it
                                maintains an S&P rating of at least BBB+

           Gateway Plaza        If any of the policies of insurance contain an
           (College Station),   exclusion from coverage for acts of terrorism,
           AT&T - Cleveland,    Mortgagor shall not be required to obtain such
           OH, Waterford Place  coverage provided (I) an Inland entity executes
           Apartments           a guaranty, in form and substance satisfactory
                                to Lender, guaranteeing in the event of any act
                                of terrorism, payment to Lender of any sums
                                that would have been payable to Lender under
                                such coverage (which shall be applied by Lender
                                in accordance with 6.4 hereof), and (II) the
                                Inland entity maintains a net worth of at least
                                $300,000,000 (as determined by such entity's
                                most recent audited financial statements), such
                                entity maintains a direct or indirect ownership
                                interest in Mortgagor, and the aggregate loan
                                to value ratio (as determined by Lender)
                                ("LTV") for all properties on which such entity
                                has a direct or indirect ownership interest
                                shall not exceed 60%, however, the Inland
                                entity may exceed the 60% LTV for a period not
                                to exceed six (6) months out of any twelve (12)
                                month period either (1) during the time period
                                when the Inland entity is offering securities
                                to the public or 2) when in the business
                                judgment of the Inland entity, exceeding an LTV
                                of 60% is necessary given existing circumstances

           AT&T - Cleveland,    Tenant may self insure.
           OH, Regions
           Northlake

           Comfort Inn &        Earthquake insurance was not obtained. Nomura
           Suites - San Diego   escrowed $60,000 at loan closing to retrofit
           Zoo                  the property to bring the PML to 19%. Lender
                                requires the work to be completed within 90
                                days post-closing or a full cashflow sweep will
                                commence and continue until the work is
                                completed.

Representation # (24)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Dakota Building      Borrower's managing member is subject to the
                                following potential claim: $25,000 fee dispute
                                with architectural firm for which Borrower and
                                Indemnitor agreed to indemnify Lender.

Representation # (30)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Santa Fe Lofts       The Fee Owner has granted a Line of Credit in
                                the amount of $6,000,000, of which $332,003 is
                                currently outstanding to Landmark Leasing I,
                                LLC, the master lessee, who contributed these
                                funds to Ground Lessee. Lender encumbered Fee
                                Owner's interest in the Line of Credit loan.
                                The Line of Credit loan is secured by, among
                                other things, a pledge of membership interests
                                in Ground Lessee.

Representation # (32)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Gateway Plaza        A prohibited transfer does not include a) any
           (College Station),   issuance, sale or transfer of interests in Sole
           AT&T - Cleveland,    Member or any successor entity resulting from
           OH, Waterford Place  any merger permitted hereunder, b) a transfer
           Apartments           by devise or descent or by operation of law
                                upon the death of a member or partner of
                                Mortgagor, or c) the merger of the Sole Member
                                with any of the following entities: Inland
                                Retail Real Estate Trust, Inc., a Maryland
                                corporation, Inland Real Estate Investment
                                Corporation, a Delaware corporation, Inland
                                American Real Estate Trust, Inc., a Maryland
                                Corporation, any other real estate investment
                                trust sponsored by Inland Real Estate
                                Investment Corporation, or any other entity
                                composed entirely of any of the foregoing by
                                merger. On or after the Closing Date, Mortgagor
                                may transfer greater than 49% of the direct or
                                indirect interests in the Mortgagor, provided
                                that the transfer is to a Qualified Entity, as
                                defined in the loan documents.

           Comfort Inn &        Lender provided in the loan documents the
           Suites - San Diego   ability for a direct or indirect equity member
           Zoo                  of Borrower to procure mezzanine debt after the
                                expiration of the Lockout Period to be secured
                                by the direct or indirect equity interests of
                                the Borrower. The combined loan-to-value of the
                                loan and the mezzanine loan, based on a then
                                current appraisal, shall not exceed 75%, and
                                the DSCR based on the trailing 12-month
                                cashflows shall be not less than 1.20x DSCR
                                (based on the actual loan constant on an
                                amortized basis) at the loan closing.

           Loveridge Terrace    Transfer of the property and inter-partnership
           Apartments           transfers will be allowed without consent
                                provided the sponsor maintains a 51% or greater
                                interest in the borrower and controls the
                                borrowing entity. The right to transfer the
                                property is subject to a "qualified buyer," as
                                such term is defined in the loan documents, or
                                another person subject to rating agency
                                no-downgrade confirmation. If lender confirms
                                that the proposed transferee meets the
                                "qualified buyer" definition, then no approval
                                is required including rating agency
                                no-downgrade confirmation.

           Plaza El Segundo     Lender provided in the loan documents the
                                ability for a direct or indirect equity member
                                of Borrower to procure mezzanine debt after the
                                expiration of the Lockout Period to be secured
                                by the direct or indirect equity interests of
                                the Borrower. The combined loan-to-value of the
                                loan and the mezzanine loan, based on a then
                                current appraisal, shall not exceed 80%, and
                                the DSCR based on the trailing 12-month
                                cashflows shall be not less than 1.10x DSCR
                                (based on the actual loan constant on an
                                amortized basis) at the loan closing.

                                The property also secures a $13,000,000 B note
                                that is subject to a subordination and/or
                                standstill agreement.

                                In the event either Trustor or any of its
                                general partners or managing members is a
                                corporation or trust, the sale, conveyance,
                                transfer or disposition of more than 10% of the
                                issued and outstanding capital stock of Trustor
                                or any of its general partners or managing
                                members or of the beneficial interest of such
                                trust (or the issuance of new shares of capital
                                stock in Trustor or any of its general partners
                                or managing members so that immediately after
                                such issuance the total capital stock then
                                issued and outstanding is more than 110% of the
                                total immediately prior to such issuance) shall
                                be deemed to be a transfer of an interest in
                                the Property, and (ii) in the event Trustor or
                                any general partner or managing member of
                                Trustor (or member of Trustor, if Trustor is a
                                single-member limited liability company) is a
                                limited or general partnership, a joint venture
                                or a limited liability company, a change in the
                                ownership interests in any general partner, any
                                joint venturer or any member, either
                                voluntarily, involuntarily or otherwise, or the
                                sale, conveyance, transfer, disposition,
                                alienation, hypothecation or encumbering of all
                                or any portion of the interest of any such
                                general partner, joint venturer or member in
                                Trustor or such general partner or member
                                (whether in the form of a beneficial or
                                partnership interest or in the form of a power
                                of direction, control or management, or
                                otherwise), shall be deemed to be a transfer of
                                an interest in the Property. Notwithstanding
                                the foregoing, however, (1) up to, but not in
                                excess of, 49% of the limited partner,
                                non-managing member interests in Trustor (or
                                Trustor's sole member), shall be freely
                                transferable without the consent of Beneficiary
                                (but with not less than ten (10) Business Days
                                prior notice to Beneficiary), provided such
                                transfer is made among the partners and/or
                                members, as the case may be, of Trustor (or
                                Trustor's sole member) on the date hereof, and
                                if such transfer will result in any person in
                                Trustor (or Trustor's sole member) owning
                                forty-nine (49%) percent or more, directly or
                                indirectly, of the interests in Trustor (or
                                Trustor's sole member), and such person did not
                                own forty-nine (49%) percent or more of such
                                interests prior to giving effect to such
                                transfer, a new or updated non-consolidation
                                opinion addressing such transfer and the effect
                                thereof, in form and substance, and from
                                attorneys, reasonably satisfactory to
                                Beneficiary, is delivered to Beneficiary prior
                                to the effective date of such transfer, or (2)
                                up to but not in excess of, 49% of the limited
                                partner, non-managing member interests in any
                                general partner or managing member of Trustor
                                (or Trustor's sole member) shall be freely
                                transferable without the consent of Beneficiary
                                (but with not less than ten (10) Business Days
                                prior notice to Beneficiary), provided such
                                transfer is made among the partners and/or
                                members, as the case may be, of the general
                                partner or managing member of Trustor (or
                                Trustor's sole member) on the date hereof, and
                                if such transfer will result in any person
                                owning forty-nine (49%) percent or more,
                                directly or indirectly, of the interests in
                                Trustor (or Trustor's sole member), and such
                                person did not own forty-nine (49%) percent or
                                more of such interests prior to giving effect
                                to such transfer, a new or updated
                                non-consolidation opinion addressing such
                                transfer and the effect thereof, in form and
                                substance, and from attorneys, reasonably
                                satisfactory to Beneficiary, is delivered to
                                Beneficiary prior to the effective date of such
                                transfer, and (3) any involuntary transfer
                                caused by the death of any general partner,
                                shareholder, joint venturer, or beneficial
                                owner of a trust which is a member of Trustor
                                or Trustor's partners or members, as the case
                                may be, shall not be a default under this
                                Security Instrument so long as the existence of
                                Trustor or such general partner or member, as
                                the case may be, is continued without
                                dissolution or termination by reason thereof,
                                following such death and so long as those
                                persons (other than the decedent) responsible
                                for the management of Trustor and the Property
                                remain unchanged as a result of such death or
                                any replacement management is approved by
                                Beneficiary and (4) gifts for estate planning
                                purposes of any individual's interests in
                                Trustor or in any of Trustor's general
                                partners, managing members or joint venturers
                                to the spouse or any lineal descendant of such
                                individual, or to a trust for the benefit of
                                any one or more of such individual, spouse or
                                lineal descendant, shall not be an Event of
                                Default under this Security Instrument so long
                                as Trustor is reconstituted, if required,
                                following such gift and so long as those
                                persons responsible for the management of the
                                Property and Trustor remain unchanged following
                                such gift or any replacement management is
                                approved by Beneficiary and further provided
                                that a new or updated non-consolidation opinion
                                addressing such gift and transfer and the
                                effect thereof, in form and substance, and from
                                attorneys, reasonably satisfactory to
                                Beneficiary, is delivered to Beneficiary prior
                                to the effective date of such gift.

           Santa Fe Lofts       One of the related co-borrowers (the fee owner)
                                has obtained unsecured loans in the aggregate
                                principal amount of $1,252,509.02 from its
                                partners and may incur unsecured debt in the
                                future in the amount of the difference between
                                $2,100,000 and the outstanding principal
                                balance of the existing unsecured loan (which
                                is currently $1,252,509.02). Such unsecured
                                debt is subject to a subordination and
                                standstill agreement in favor of the mortgagee.
                                Additionally, one of the related co-borrowers
                                (the fee owner) provided a line of credit in
                                the original principal amount of $6,000,000 of
                                which $332,003 is currently outstanding to the
                                affiliated master lessee at the mortgaged
                                property.

           Carver Pond          The ownership interests of and in the limited
           Apartments           partners of Grantor shall be freely
                                transferable so long as (i) those persons
                                responsible for the management and control of
                                Grantor and the Property remain unchanged
                                following such transfer; (ii) any new assignee
                                accumulating, directly or indirectly, an
                                aggregate interest in excess
                                of forty-nine percent (49%) of Grantor which is
                                not an assignee under the control of Aegon N.V.
                                or an affiliate thereof or an assignee of an
                                interest in an entity under the control of
                                Aegon N.V. or an affiliate thereof shall be
                                subject to (a) Beneficiary's standard credit
                                review of such assignee (including certified
                                financial statements, bankruptcy and litigation
                                certificate, and credit history satisfactory to
                                Beneficiary); provided, however, if such
                                assignee is a Qualified Transferee, this
                                requirement shall not be applicable, and (b)
                                Beneficiary's standard compliance, review and
                                verification requirements with respect to
                                terrorism related legislation to verify such
                                assignee is not an Embargoed Person. The
                                consent to transfer provided for in this
                                subsection (1) is further conditioned upon
                                Beneficiary's being provided in advance with
                                documentation confirming that the requirements
                                of this subsection (2) have been fulfilled and
                                Grantor's paying for all costs and expenses
                                associated with the foregoing including without
                                limitation Beneficiary's reasonable legal fees
                                and expenses.

                                The limited partners of Grantor may transfer
                                their interests in Grantor to Carver Pond GP,
                                LLC or an affiliate of Carver Pond GP, LLC in
                                accordance with the terms of the Put Agreement,
                                so long as those persons responsible for the
                                management and day-to-day control of Grantor
                                and the Property remain unchanged following
                                such transfer. The permitted transfer provided
                                for in this subsection (2) is conditioned upon
                                Beneficiary's being provided in advance with
                                copies of the transfer documents and the
                                organizational documents of the transferee
                                showing that the requirements of this
                                subsection (2) have been fulfilled and
                                Grantor's paying for Beneficiary's costs and
                                expenses associated with the foregoing,
                                including without limitation Beneficiary's
                                reasonable legal fees and expenses.

                                Beneficiary agrees that it shall allow the
                                general partner of Grantor to make advances to
                                Grantor for expenses incurred in operating the
                                Property in the ordinary course of business not
                                to exceed $250,000.00 (plus accrued interest),
                                subject to Grantor's strict compliance with the
                                following requirements:

                                (1) The advances by the general partner are
                                only payable to the extent of available net
                                cash flow after all operating expenses,
                                required or appropriate reserves and debt
                                service for the indebtedness secured
                                hereby is paid.

                                (2) At any time the advances by the general
                                partner cumulatively equal or exceed $100,000,
                                Borrower must enter a promissory note for the
                                benefit of the general partner and the general
                                partner, as the holder of the subordinate debt,
                                must execute a Subordination and Standstill
                                Agreement in a form acceptable to Beneficiary
                                in Beneficiary's sole discretion, pursuant to
                                which such holder agrees to take no action to
                                enforce or collect such indebtedness until the
                                indebtedness secured hereby (or any refinancing
                                hereof) is paid in full.

                                (3) The general partner shall not be entitled
                                to transfer, pledge or otherwise sell its
                                interest in the advances during the term of the
                                Loan.

                                (4) Any promissory note evidencing the
                                subordinate debt must be reviewed and approved
                                by Beneficiary, in Beneficiary's sole
                                discretion, and shall provide, among other
                                things, that such subordinate debt is only
                                payable to the extent of available net cash
                                flow after all operating expenses, required or
                                appropriate reserves and debt service for the
                                indebtedness secured hereby is paid.

Representation # (42)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           Gateway Plaza        If any of the policies of insurance contain an
           (College Station),   exclusion from coverage for acts of terrorism,
           AT&T - Cleveland,    Mortgagor shall not be required to obtain such
           OH, Waterford Place  coverage provided (I) an Inland entity executes
           Apartments           a guaranty, in form and substance satisfactory
                                to Lender, guaranteeing in the event of any act
                                of terrorism, payment to Lender of any sums
                                that would have been payable to Lender under
                                such coverage (which shall be applied by Lender
                                in accordance with 6.4 hereof), and (II) the
                                Inland entity maintains a net worth of at least
                                $300,000,000 (as determined by such entity's
                                most recent audited financial statements), such
                                entity maintains a direct or indirect ownership
                                interest in Mortgagor, and the aggregate loan
                                to value ratio (as determined by Lender)
                                ("LTV") for all properties on which such entity
                                has a direct or indirect ownership interest
                                shall not exceed 60%, however, the Inland
                                entity may exceed the 60% LTV for a period not
                                to exceed six (6) months out of any twelve (12)
                                month period either (1) during the time period
                                when the Inland entity is offering securities
                                to the public or 2) when in the business
                                judgment of the Inland entity, exceeding an LTV
                                of 60% is necessary given existing circumstances

Representation # (44)

   Loan
  Number        Loan Name                   Description of Exception
--------------------------------------------------------------------------------

           312 S. State Street  Borrower is allowed to maintain insurance
                                coverage with its current insurer so long as it
                                maintains an S&P rating of at least BBB+

           Gateway Plaza        If any of the policies of insurance contain an
           (College Station),   exclusion from coverage for acts of terrorism,
           AT&T - Cleveland,    Mortgagor shall not be required to obtain such
           OH, Waterford Place  coverage provided (I) an Inland entity executes
           Apartments           a guaranty, in form and substance satisfactory
                                to Lender, guaranteeing in the event of any act
                                of terrorism, payment to Lender of any sums
                                that would have been payable to Lender under
                                such coverage (which shall be applied by Lender
                                in accordance with 6.4 hereof), and (II) the
                                Inland entity maintains a net worth of at least
                                $300,000,000 (as determined by such entity's
                                most recent audited financial statements), such
                                entity maintains a direct or indirect ownership
                                interest in Mortgagor, and the aggregate loan
                                to value ratio (as determined by Lender)
                                ("LTV") for all properties on which such entity
                                has a direct or indirect ownership interest
                                shall not exceed 60%, however, the Inland
                                entity may exceed the 60% LTV for a period not
                                to exceed six (6) months out of any twelve (12)
                                month period either (1) during the time period
                                when the Inland entity is offering securities
                                to the public or 2) when in the business
                                judgment of the Inland entity, exceeding an LTV
                                of 60% is necessary given existing circumstances

           AT&T - Cleveland,    Tenant may self insure.
           OH, Regions
           Northlake

           Comfort Inn &        Earthquake insurance was not obtained. Nomura
           Suites - San Diego   escrowed $60,000 at loan closing to retrofit
           Zoo                  the property to bring the PML to 19%. Lender
                                requires the work to be completed within 90
                                days post-closing or a full cashflow sweep will
                                commence and continue until the work is
                                completed.

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

            I, [______], a duly appointed, qualified and acting [______] of
[___________], a [________] [______] (the "Company"), hereby certify on behalf
of the Company as follows:

            1. I have examined the Mortgage Loan Purchase Agreement, dated as of
August 1, 2007 (the "Agreement"), between the Company and J.P. Morgan Chase
Commercial Mortgage Securities Corp., and all of the representations and
warranties of the Company under the Agreement are true and correct in all
material respects on and as of the date hereof (or, in the case of any
particular representation or warranty set forth on Exhibit B to the Agreement,
as of such other date provided for in such representation or warranty) with the
same force and effect as if made on and as of the date hereof, subject to the
exceptions set forth in the Agreement (including Exhibit C thereto).

            2. The Company has complied with all the covenants and satisfied all
the conditions on its part to be performed or satisfied under the Agreement on
or prior to the date hereof and no event has occurred which, with notice or the
passage of time or both, would constitute a default under the Agreement.

            3. I have examined the information regarding the Mortgage Loans in
the Prospectus, dated August 3, 2007, as supplemented by the Prospectus
Supplement, dated August 3, 2007 (collectively, the "Prospectus"), relating to
the offering of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB,
Class A-1A, Class X, Class A-M, Class A-J, Class B, Class C, Class D, Class E
and Class F Certificates, the Private Placement Memorandum, dated August 24,
2007 (the "Privately Offered Certificate Private Placement Memorandum"),
relating to the offering of the Class G, Class H, Class J, Class K, Class L,
Class M, Class N, Class P, Class Q, Class T, Class NR, Class S, Class R, and
Class LR Certificates, and the Residual Private Placement Memorandum, dated
August 24, 2007 (together with the Privately Offered Certificate Private
Placement Memorandum, the "Private Placement Memoranda"), relating to the
offering of the Class R and Class LR Certificates, and nothing has come to my
attention that would lead me to believe that the Prospectus, as of the date of
the Prospectus Supplement or as of the date hereof, or the Private Placement
Memoranda, as of the date of the Private Placement Memoranda or as of the date
hereof, included or includes any untrue statement of a material fact relating to
the Mortgage Loans or omitted or omits to state therein a material fact
necessary in order to make the statements therein relating to the Mortgage
Loans, in light of the circumstances under which they were made, not misleading.

            Capitalized terms used herein without definition have the meanings
given them in the Agreement.

                    [SIGNATURE APPEARS ON THE FOLLOWING PAGE]

<PAGE>

            IN WITNESS WHEREOF, I have signed my name this ___ day of August,
2007.

                                       By:
                                          ------------------------------------
                                          Name:
                                          Title:

<PAGE>

                                   SCHEDULE I

 MORTGAGE LOANS FOR WHICH A LENDER'S ENVIRONMENTAL POLICY WAS OBTAINED IN LIEU
                       OF AN ENVIRONMENTAL SITE ASSESSMENT

Reference is made to the Representations and Warranties set forth in Exhibit B
attached hereto corresponding to the Paragraph number set forth below.

Paragraph 21(a) and 21(e):

None.

<PAGE>

                                   SCHEDULE II

                       MORTGAGED PROPERTY FOR WHICH OTHER
                      ENVIRONMENTAL INSURANCE IS MAINTAINED

Reference is made to the Representations and Warranties set forth in Exhibit B
attached hereto corresponding to the Paragraph numbers set forth below:

Paragraph 21(b) and 21(c):

Plaza El Segundo - Pollution and Remediation Legal Liability PolicyExhibit 10.4

================================================================================

             J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,

                                    PURCHASER

                        NATIXIS REAL ESTATE CAPITAL INC.

                                       and

                    NATIXIS COMMERCIAL MORTGAGE FUNDING, LLC,

                                     SELLERS

                        MORTGAGE LOAN PURCHASE AGREEMENT

                           Dated as of August 1, 2007

                            Fixed Rate Mortgage Loans

                                Series 2007-LDP12

================================================================================

<PAGE>

            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of August 1, 2007, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and Natixis Real Estate Capital Inc.
("Natixis RE") and Natixis Commercial Mortgage Funding, LLC ("Natixis CMF"), as
sellers (each, a "Seller" and collectively, "Sellers").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of August 1, 2007 (the "Pooling and Servicing Agreement") among the
Purchaser, as depositor (the "Depositor"), Wells Fargo Bank, N.A., as master
servicer (the "Master Servicer"), J.E. Robert Company, Inc., as special servicer
(the "Special Servicer") and LaSalle Bank National Association, as trustee (the
"Trustee"), pursuant to which the Purchaser will sell the Mortgage Loans (as
defined herein) to a trust fund and certificates representing ownership
interests in the Mortgage Loans will be issued by the trust fund. For purposes
of this Agreement, the term "Natixis RE Mortgage Loans" refers to the mortgage
loans listed on Exhibit A-1, the term "Natixis CMF Mortgage Loans" refers to the
mortgage loans listed on Exhibit A-2, the term "Mortgage Loans" refers to the
Natixis RE Mortgage Loans and the Natixis CMF Mortgage Loans, collectively, and
the term "Mortgaged Properties" refers to the properties securing such Mortgage
Loans.

            The Purchaser and the Sellers wish to prescribe the manner of sale
of the Natixis RE Mortgage Loans from Natixis RE to the Purchaser and the sale
of the Natixis CMF Mortgage Loans from Natixis CMF to the Purchaser and in
consideration of the premises and the mutual agreements hereinafter set forth,
agree as follows:

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, each of Natixis RE and
Natixis CMF does hereby sell, transfer, assign, set over and convey to the
Purchaser, without recourse (subject to certain agreements regarding servicing
as provided in the Pooling and Servicing Agreement, subservicing agreements
permitted thereunder and that certain Servicing Rights Purchase Agreement, dated
as of the Closing Date between the Master Servicer and the Sellers) all of its
right, title, and interest in and to the Natixis RE Mortgage Loans, in the case
of Natixis RE, and the Natixis CMF Mortgage Loans, in the case of Natixis CMF,
including all interest and principal received on or with respect to such
Mortgage Loans after the Cut-off Date (other than payments of principal and
interest first due on such Mortgage Loans on or before the Cut-off Date), and in
the case of the Logan Portfolio Loans, the "regular interest" and "residual
interest" in each individual loan REMIC formed pursuant to the respective REMIC
Declarations executed on July 5, 2007. Upon the sale of the Mortgage Loans, the
ownership of each related Mortgage Note, the Mortgage, the other contents of the
related Mortgage File and each REMIC Declaration will be vested in the Purchaser
and immediately thereafter the Trustee and the ownership of records and
documents with respect to the related Mortgage Loan prepared by or which come
into the possession of each Seller (other than the records and documents
described in the proviso to Section 3(a) hereof) shall immediately vest in the
Purchaser and immediately thereafter the Trustee. Each Seller's records will
accurately reflect the sale of each such Mortgage Loan to the Purchaser. On the
Closing Date, the Seller shall also deliver to the Depositor an amount equal to
$252,236.20, which amount represents the aggregate amount of interest that would
have accrued at the related Mortgage Rates on the applicable Mortgage Loans
commencing August 1, 2007 for those Mortgage Loans that do not have a Due Date
in September 2007. The Depositor will sell the Class A-1, Class A-2, Class A-3,
Class A-4, Class A-SB, Class A-1A, Class X, Class A-M, Class A-J, Class B, Class
C, Class D, Class E and Class F Certificates (the "Offered Certificates") to the
underwriters (the "Underwriters") specified in the underwriting agreement, dated
as of August 24, 2007 (the "Underwriting Agreement") between the Depositor and
J.P. Morgan Securities Inc. ("JPMSI") for itself and as representative of the
several underwriters identified therein, and the Depositor will sell the Class
G, Class H and Class J Certificates and a portion of the Class K Certificates to
JPMSI and/or UBS Securities LLC as initial purchasers and sell the remaining
portion of the Class K Certificates and the Class L, Class M, Class N, Class P,
Class Q, Class T and Class NR Certificates through JPMSI, as placement agent
pursuant to the certificate purchase and placement agreement dated August 24,
2007 (the "Certificate Purchase and Placement Agreement"), among the Depositor,
JPMSI, for itself as initial purchaser and on behalf of UBS Securities LLC, as
initial purchaser, and JPMSI as placement agent.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms length basis and upon commercially reasonable terms. As the purchase
price for the Natixis RE Mortgage Loans and the Natixis CMF Mortgage Loans, the
Purchaser shall pay to Natixis RE or at Natixis RE's direction in immediately
available funds the sum of $474,577,759.40 (which amount is inclusive of accrued
interest and exclusive of Natixis RE's and Natixis CMF's pro rata share of the
costs set forth in Section 9 hereof). The purchase and sale of the Mortgage
Loans shall take place on the Closing Date.

            SECTION 2. Books and Records; Certain Funds Received After the
Cut-off Date. From and after the sale of the Mortgage Loans to the Purchaser,
record title to each Mortgage and the related Mortgage Note shall be transferred
to the Trustee in accordance with this Agreement. Any funds due after the
Cut-off Date in connection with a Mortgage Loan received by a Seller shall be
held in trust for the benefit of the Trustee as the owner of such Mortgage Loan
and shall be transferred promptly to the Master Servicer. All scheduled payments
of principal and interest due on or before the Cut-off Date but collected after
the Cut-off Date, and recoveries of principal and interest collected on or
before the Cut-off Date (only in respect of principal and interest on the
Mortgage Loans due on or before the Cut-off Date and principal prepayments
thereon), shall belong to, and shall be promptly remitted to, the applicable
Seller.

            The transfer of each Mortgage Loan shall be reflected on the
applicable Seller's balance sheets and other financial statements as a sale of
such Mortgage Loan by the applicable Seller to the Purchaser. Each Seller
intends to treat the transfer of each Mortgage Loan to the Purchaser as a sale
for tax purposes.

            The transfer of each Mortgage Loan shall be reflected on the
Purchaser's balance sheets and other financial statements as a purchase of such
Mortgage Loan by the Purchaser from the applicable Seller. The Purchaser intends
to treat the transfer of each Mortgage Loan from the applicable Seller as a
purchase for tax purposes.

            SECTION 3. Delivery of Mortgage Loan Documents; Additional Costs and
Expenses. (a) The Purchaser hereby directs each Seller, and each Seller hereby
agrees, upon the transfer of the Mortgage Loans contemplated herein, to deliver
on the Closing Date to the Trustee or a Custodian appointed thereby, all
documents, instruments and agreements required to be delivered by the Purchaser
to the Trustee with respect to the applicable Mortgage Loans under Sections
2.01(b) and 2.01(c) of the Pooling and Servicing Agreement, and meeting all the
requirements of such Sections 2.01(b) and 2.01(c), and such other documents,
instruments and agreements as the Purchaser or the Trustee shall reasonably
request. In addition, each Seller agrees to deliver or cause to be delivered to
the Master Servicer, the Servicing File for each Mortgage Loan transferred
pursuant to this Agreement; provided that neither Seller shall be required to
deliver any draft documents, or any attorney client communications which are
privileged communications or constitute legal or other due diligence analyses,
or internal communications of such Seller or its affiliates, or credit
underwriting or other analyses or data.

            (a) With respect to the transfer described in Section 1 hereof, if
the Mortgage Loan documents do not require the related Mortgagor to pay any
costs and expenses relating to any modifications to a related letter of credit
which modifications are required to effectuate such transfer (the "Transfer
Modification Costs"), then the applicable Seller shall pay the Transfer
Modification Costs required to transfer the letter of credit to the Trustee as
described in such Section 1; provided that if the Mortgage Loan documents
require the related Mortgagor to pay any Transfer Modification Costs, such
Transfer Modification Costs shall be an expense of the Mortgagor unless such
Mortgagor fails to pay such Transfer Modification Costs after the Master
Servicer has exercised all remedies available under the Mortgage Loan documents
to collect such Transfer Modification Costs from such Mortgagor, in which case
the Master Servicer shall give the applicable Seller notice of such failure and
the amount of such Transfer Modification costs and the applicable Seller shall
pay such Transfer Modification Costs.

            SECTION 4. Treatment as a Security Agreement. Each Seller,
concurrently with the execution and delivery hereof, has conveyed to the
Purchaser, all of its right, title and interest in and to the applicable
Mortgage Loans. The parties intend that such conveyance of each Seller's right,
title and interest in and to the applicable Mortgage Loans pursuant to this
Agreement shall constitute a purchase and sale and not a loan. If such
conveyance is deemed to be a pledge and not a sale, then the parties also intend
and agree that the applicable Seller shall be deemed to have granted, and in
such event does hereby grant, to the Purchaser, a first priority security
interest in all of its right, title and interest in, to and under the applicable
Mortgage Loans, all payments of principal or interest on such Mortgage Loans due
after the Cut-off Date, all other payments made in respect of such Mortgage
Loans after the Cut-off Date (except to the extent such payments were due on or
before the Cut-off Date) and all proceeds thereof and that this Agreement shall
constitute a security agreement under applicable law. If such conveyance is
deemed to be a pledge and not a sale, the applicable Seller consents to the
Purchaser hypothecating and transferring such security interest in favor of the
Trustee and transferring the obligation secured thereby to the Trustee.

            SECTION 5. Covenants of the Sellers. Each Seller covenants with the
Purchaser as follows:

            (a) it shall record or cause a third party to record in the
appropriate public recording office for real property the intermediate
assignments of the applicable Mortgage Loans and the Assignments of Mortgage
from such Seller to the Trustee in connection with the Pooling and Servicing
Agreement; provided, if the related Mortgage has been recorded in the name of
Mortgage Electronic Registration Systems, Inc. ("MERS") or its designee, no
assignment of Mortgage Loans, Assignment of Mortgage or other recorded document
in favor of the Trustee will be required to be prepared or delivered and
instead, such Seller shall take all actions as are necessary to cause the
Trustee to be shown as, and shall deliver evidence of any such transfers to the
Master Servicer and the Special Servicer, and the Trustee shall take all actions
necessary to confirm that it is shown as, the owner of the related Mortgage on
the records of MERS for purposes of the system of recording transfers of
beneficial ownership of mortgages maintained by MERS. All recording fees
relating to the initial recordation of such intermediate assignments and
Assignments of Mortgage shall be paid by such Seller;

            (b) it shall take any action reasonably required by the Purchaser,
the Trustee or the Master Servicer, in order to assist and facilitate in the
transfer of the servicing of the applicable Mortgage Loans to the Master
Servicer, including effectuating the transfer of any letters of credit with
respect to any applicable Mortgage Loan to the Trustee (in care of the Master
Servicer) for the benefit of Certificateholders. Prior to the date that a letter
of credit, if any, with respect to any applicable Mortgage Loan is transferred
to the Trustee (in care of the Master Servicer), such Seller will cooperate with
the reasonable requests of the Master Servicer or Special Servicer, as
applicable, in connection with effectuating a draw under such letter of credit
as required under the terms of the related Mortgage Loan documents;

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annexes
A-1, A-2, A-3 and B thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or such Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annexes A-1, A-2, A-3
and B thereto and the Diskette included therewith, with respect to any
information relating to the applicable Mortgage Loans or such Seller, to comply
with applicable law, such Seller (or in the case of Natixis CMF, Natixis RE on
behalf of such Seller) shall do all things necessary to assist the Depositor to
prepare and furnish, at the expense of such Seller (to the extent that such
amendment or supplement relates to such Seller, the Mortgage Loans listed on
Exhibit A-1, or Exhibit A-2, as applicable, and/or any information relating to
the same, as provided by such Seller), to the Underwriters such amendments or
supplements to the Prospectus Supplement as may be necessary, so that the
statements in the Prospectus Supplement as so amended or supplemented, including
Annexes A-1, A-2, A-3 and B thereto and the Diskette included therewith, with
respect to any information relating to the applicable Mortgage Loans or such
Seller, will not, in the light of the circumstances when the Prospectus is so
amended or supplemented, be misleading or so that the Prospectus Supplement,
including Annexes A-1, A-2, A-3 and B thereto and the Diskette included
therewith, with respect to any information relating to the applicable Mortgage
Loans or such Seller, will comply with applicable law. All terms used in this
clause (c) and not otherwise defined herein shall have the meaning set forth in
the Indemnification Agreement, dated as of August 24, 2007 between the Purchaser
and Natixis RE (the "Indemnification Agreement"); and

            (d) for so long as the Trust is subject to the reporting
requirements of the Exchange Act, such Seller (or in the case of Natixis CMF,
Natixis RE on behalf of such Seller) shall provide the Purchaser (or with
respect to any Companion Loan related to a Serviced Whole Loan or any Serviced
Securitized Companion Loan that is deposited into an Other Securitization or a
Regulation AB Companion Loan Securitization, the depositor in such Other
Securitization or Regulation AB Companion Loan Securitization) and the Trustee
with any Additional Form 10-D Disclosure and any Additional Form 10-K Disclosure
set forth next to the Purchaser's name on Schedule X and Schedule Y of the
Pooling and Servicing Agreement within the time periods set forth in the Pooling
and Servicing Agreement.

            SECTION 6. Representations and Warranties.

            (a) Each Seller represents and warrants to the Purchaser as of the
Closing Date that:

            (i)(A) in the case of Natixis RE, it is a corporation, duly
      organized, validly existing and in good standing under the laws of the
      State of New York and (B) in the case of Natixis CMF, it is a limited
      liability company, duly organized, validly existing and in good standing
      under the laws of the State of Delaware;

            (ii) it has the power and authority to own its property and to carry
      on its business as now conducted;

            (iii) it has the power to execute, deliver and perform this
      Agreement;

            (iv) it is legally authorized to transact business in the State of
      New York. Such Seller is in compliance with the laws of each state in
      which any Mortgaged Property is located to the extent necessary so that a
      subsequent holder of the related Mortgage Loan (including, without
      limitation, the Purchaser) that is in compliance with the laws of such
      state would not be prohibited from enforcing such Mortgage Loan solely by
      reason of any non-compliance by such Seller;

            (v) the execution, delivery and performance of this Agreement by
      such Seller have been duly authorized by all requisite action by such
      Seller's board of directors and will not violate or breach any provision
      of its organizational documents;

            (vi) this Agreement has been duly executed and delivered by such
      Seller and constitutes a legal, valid and binding obligation of such
      Seller, enforceable against it in accordance with its terms (except as
      enforcement thereof may be limited by bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other laws
      affecting the enforcement of creditors' rights generally and by general
      equitable principles regardless of whether enforcement is considered in a
      proceeding in equity or at law);

            (vii) there are no legal or governmental proceedings pending to
      which such Seller is a party or of which any property of such Seller is
      the subject which, if determined adversely to such Seller, would
      reasonably be expected to adversely affect (A) the transfer of the
      applicable Mortgage Loans and the Mortgage Loan documents as contemplated
      herein, (B) the execution and delivery by such Seller or enforceability
      against such Seller of the applicable Mortgage Loans or this Agreement, or
      (C) the performance of such Seller's obligations hereunder;

            (viii) it has no actual knowledge that any statement, report,
      officer's certificate or other document prepared and furnished or to be
      furnished by such Seller in connection with the transactions contemplated
      hereby (including, without limitation, any financial cash flow models and
      underwriting file abstracts furnished by such Seller) contains any untrue
      statement of a material fact or omits to state a material fact necessary
      in order to make the statements contained therein, in the light of the
      circumstances under which they were made, not misleading;

            (ix) it is not, nor with the giving of notice or lapse of time or
      both would be, in violation of or in default under any indenture,
      mortgage, deed of trust, loan agreement or other agreement or instrument
      to which it is a party or by which it or any of its properties is bound,
      except for violations and defaults which individually and in the aggregate
      would not have a material adverse effect on the transactions contemplated
      herein; the sale of the applicable Mortgage Loans and the performance by
      such Seller of all of its obligations under this Agreement and the
      consummation by such Seller of the transactions herein contemplated do not
      conflict with or result in a breach of any of the terms or provisions of,
      or constitute a default under, any material indenture, mortgage, deed of
      trust, loan agreement or other agreement or instrument to which such
      Seller is a party or by which such Seller is bound or to which any of the
      property or assets of such Seller is subject, nor will any such action
      result in any violation of the provisions of any applicable law or statute
      or any order, rule or regulation of any court or governmental agency or
      body having jurisdiction over such Seller, or any of its properties,
      except for conflicts, breaches, defaults and violations which individually
      and in the aggregate would not have a material adverse effect on the
      transactions contemplated herein; and no consent, approval, authorization,
      order, license, registration or qualification of or with any such court or
      governmental agency or body is required for the consummation by such
      Seller of the transactions contemplated by this Agreement, other than any
      consent, approval, authorization, order, license, registration or
      qualification that has been obtained or made;

            (x) it has either (A) not dealt with any Person (other than the
      Purchaser or the Dealers or their respective affiliates or any servicer of
      a related Mortgage Loan) that may be entitled to any commission or
      compensation in connection with the sale or purchase of the related
      Mortgage Loans or entering into this Agreement or (B) paid in full any
      such commission or compensation (except with respect to any servicer of a
      related Mortgage Loan, any commission or compensation that may be due and
      payable to such servicer if such servicer is terminated and does not
      continue to act as a servicer); and

            (xi) it is solvent and the sale of the applicable Mortgage Loans
      hereunder will not cause it to become insolvent; and the sale of the
      applicable Mortgage Loans is not undertaken with the intent to hinder,
      delay or defraud any of such Seller's creditors.

            (b) The Purchaser represents and warrants to such Seller as of the
Closing Date that:

            (i) it is a corporation duly organized, validly existing, and in
      good standing in the State of Delaware;

            (ii) it is duly qualified as a foreign corporation in good standing
      in all jurisdictions in which ownership or lease of its property or the
      conduct of its business requires such qualification, except where the
      failure to be so qualified would not have a material adverse effect on the
      Purchaser, and the Purchaser is conducting its business so as to comply in
      all material respects with the applicable statutes, ordinances, rules and
      regulations of each jurisdiction in which it is conducting business;

            (iii) it has the power and authority to own its property and to
      carry on its business as now conducted;

            (iv) it has the power to execute, deliver and perform this
      Agreement, and neither the execution and delivery by the Purchaser of this
      Agreement, nor the consummation by the Purchaser of the transactions
      herein contemplated, nor the compliance by the Purchaser with the
      provisions hereof, will (A) conflict with or result in a breach of, or
      constitute a default under, any of the provisions of the certificate of
      incorporation or by-laws of the Purchaser or any of the provisions of any
      law, governmental rule, regulation, judgment, decree or order binding on
      the Purchaser or any of its properties, or any indenture, mortgage,
      contract or other instrument or agreement to which the Purchaser is a
      party or by which it is bound, or (B) result in the creation or imposition
      of any lien, charge or encumbrance upon any of the Purchaser's property
      pursuant to the terms of any such indenture, mortgage, contract or other
      instrument or agreement;

            (v) this Agreement constitutes a legal, valid and binding obligation
      of the Purchaser enforceable against it in accordance with its terms
      (except as enforcement thereof may be limited by (a) bankruptcy,
      receivership, conservatorship, reorganization, insolvency, moratorium or
      other laws affecting the enforcement of creditors' rights generally and
      (b) general equitable principles (regardless of whether enforcement is
      considered in a proceeding in equity or law));

            (vi) there are no legal or governmental proceedings pending to which
      the Purchaser is a party or of which any property of the Purchaser is the
      subject which, if determined adversely to the Purchaser, might interfere
      with or adversely affect the consummation of the transactions contemplated
      herein and in the Pooling and Servicing Agreement; to the best of the
      Purchaser's knowledge, no such proceedings are threatened or contemplated
      by any governmental authorities or threatened by others;

            (vii) it is not in default with respect to any order or decree of
      any court or any order, regulation or demand of any federal, state
      municipal or governmental agency, which default might have consequences
      that would materially and adversely affect the condition (financial or
      other) or operations of the Purchaser or its properties or might have
      consequences that would materially and adversely affect its performance
      hereunder;

            (viii) it has not dealt with any broker, investment banker, agent or
      other person, other than the Sellers, the Dealers and their respective
      affiliates, that may be entitled to any commission or compensation in
      connection with the purchase and sale of the Mortgage Loans or the
      consummation of any of the transactions contemplated hereby;

            (ix) all consents, approvals, authorizations, orders or filings of
      or with any court or governmental agency or body, if any, required for the
      execution, delivery and performance of this Agreement by the Purchaser
      have been obtained or made; and

            (x) it has not intentionally violated any provisions of the United
      States Banking Secrecy Act, the United States Money Laundering Control Act
      of 1986 or the United States International Money Laundering Abatement and
      Anti-Terrorism Financing Act of 2001.

            (c) Natixis RE further makes the representations and warranties as
to the Natixis RE Mortgage Loans and the Natixis CMF Mortgage Loans set forth in
Exhibit B as of the Closing Date (or as of such other date if specifically
provided in the particular representation or warranty), which representations
and warranties are subject to the exceptions thereto set forth in Exhibit C.
Neither the delivery by the Sellers of the Mortgage Files, Servicing Files, or
any other documents required to be delivered under Section 2.01 of the Pooling
and Servicing Agreement, nor the review thereof or any other due diligence by
the Trustee, any Master Servicer, the Special Servicer, a Certificate Owner or
any other Person shall relieve a Seller of any liability or obligation with
respect to any representation or warranty or otherwise under this Agreement or
constitute notice to any Person of a Breach or Defect (it being understood that
only Natixis RE shall be liable with respect to any representation or warranty
set forth on Exhibit B with respect to the Mortgage Loans (including the Natixis
CMF Mortgage Loans)).

            (d) Pursuant to this Agreement or Section 2.03(b) of the Pooling and
Servicing Agreement, the Sellers and the Purchaser shall be given notice of any
Breach or Defect that materially and adversely affects the value of any Mortgage
Loan, the value of the related Mortgaged Property or the interests of the
Trustee or any Certificateholder therein.

            (e) Upon notice pursuant to Section 6(d) above, Natixis RE shall,
not later than 90 days from the earlier of a Seller's receipt of the notice or,
in the case of a Defect or Breach relating to a Mortgage Loan not being a
"qualified mortgage" within the meaning of Section 860G(a)(3) of the Code, but
without regard to the rule of Treasury Regulation Section 1.860G-2(f)(2) that
causes a defective mortgage loan to be treated as a qualified mortgage, a
Seller's discovery of such Breach or Defect (the "Initial Resolution Period"),
(i) cure such Defect or Breach, as the case may be, in all material respects,
(ii) repurchase the affected Mortgage Loan at the applicable Repurchase Price
(as defined below) or (iii) substitute a Qualified Substitute Mortgage Loan (as
defined below) for such affected Mortgage Loan (provided that in no event shall
any such substitution occur later than the second anniversary of the Closing
Date) and pay the Master Servicer for deposit into the Certificate Account, any
Substitution Shortfall Amount (as defined below) in connection therewith;
provided, however, that except with respect to a Defect resulting solely from
the failure by a Seller to deliver to the Trustee or Custodian the actual policy
of lender's title insurance required pursuant to clause (ix) of the definition
of Mortgage File by a date not later than 18 months following the Closing Date,
if such Breach or Defect is capable of being cured but is not cured within the
Initial Resolution Period, and Natixis RE has commenced and is diligently
proceeding with the cure of such Breach or Defect within the Initial Resolution
Period, Natixis RE shall have an additional 90 days commencing immediately upon
the expiration of the Initial Resolution Period (the "Extended Resolution
Period") to complete such cure (or, failing such cure, to repurchase the related
Mortgage Loan or substitute a Qualified Substitute Mortgage Loan as described
above); and provided, further, that with respect to the Extended Resolution
Period Natixis RE shall have delivered an officer's certificate to the Rating
Agencies, the Master Servicer, the Special Servicer, the Trustee and the
Directing Certificateholder setting forth the reason such Breach or Defect is
not capable of being cured within the Initial Resolution Period and what actions
Natixis RE is pursuing in connection with the cure thereof and stating that
Natixis RE anticipates that such Breach or Defect will be cured within the
Extended Resolution Period. Notwithstanding the foregoing, any Defect or Breach
which causes any Mortgage Loan not to be a "qualified mortgage" (within the
meaning of Section 860G(a)(3) of the Code, without regard to the rule of
Treasury Regulations Section 1.860G-2(f)(2) which causes a defective mortgage
loan to be treated as a qualified mortgage) shall be deemed to materially and
adversely affect the interests of the holders of the Certificates therein, and
such Mortgage Loan shall be repurchased or a Qualified Substitute Mortgage Loan
substituted in lieu thereof without regard to the extended cure period described
in the preceding sentence. If the affected Mortgage Loan is to be repurchased,
Natixis RE shall remit the Repurchase Price (defined below) in immediately
available funds to the Trustee.

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then
Natixis RE shall cure such Breach within the applicable cure period (as the same
may be extended) by reimbursing the Trust Fund (by wire transfer of immediately
available funds) the reasonable amount of any such costs and expenses incurred
by the Master Servicer, the Special Servicer, the Trustee or the Trust Fund that
are the basis of such Breach and have not been reimbursed by the related
Mortgagor; provided, however, that in the event any such costs and expenses
exceed $10,000, Natixis RE shall have the option to either repurchase or
substitute for the related Mortgage Loan as provided above or pay such costs and
expenses. Except as provided in the proviso to the immediately preceding
sentence, Natixis RE shall remit the amount of such costs and expenses and upon
its making such remittance, Natixis RE shall be deemed to have cured such Breach
in all respects. To the extent any fees or expenses that are the subject of a
cure by Natixis RE are subsequently obtained from the related Mortgagor, the
portion of the cure payment equal to such fees or expenses obtained from the
Mortgagor shall be returned to Natixis RE pursuant to Section 2.03(f) of the
Pooling and Servicing Agreement. Notwithstanding the foregoing, the sole remedy
with respect to any breach of the representation set forth in the second to last
sentence of clause (32) of Exhibit B hereto shall be payment by Natixis RE of
such costs and expenses without respect to the materiality of such breach.

            Any of the following will cause a document in the Mortgage File to
be deemed to have a Defect and to be conclusively presumed to materially and
adversely affect the interests of Certificateholders in a Mortgage Loan and to
be deemed to materially and adversely affect the interests of the
Certificateholders in and the value of a Mortgage Loan: (a) the absence from the
Mortgage File of the original signed Mortgage Note, unless the Mortgage File
contains a signed lost note affidavit and indemnity with a copy of the Mortgage
Note that appears to be regular on its face; (b) the absence from the Mortgage
File of the original signed Mortgage that appears to be regular on its face,
unless there is included in the Mortgage File a certified copy of the Mortgage
and a certificate stating that the original signed Mortgage was sent for
recordation; (c) the absence from the Mortgage File of the lender's title
insurance policy (or if the policy has not yet been issued, an original or copy
of a "marked up" written commitment or the pro-forma or specimen title insurance
policy or a commitment to issue the same pursuant to written escrow instructions
signed by the title insurance company) called for by clause (ix) of the
definition of "Mortgage File" in the Pooling and Servicing Agreement; (d) the
absence from the Mortgage File of any required letter of credit; (e) with
respect to any leasehold mortgage loan, the absence from the related Mortgage
File of a copy (or an original, if available) of the related Ground Lease; or
(f) the absence from the Mortgage File of any intervening assignments required
to create a complete chain of assignments to the Trustee on behalf of the Trust,
unless there is included in the Mortgage File a certified copy of the
intervening assignment and a certificate stating that the original intervening
assignments were sent for recordation; provided, however, that no Defect (except
the Defects previously described in clauses (a) through (f)) shall be considered
to materially and adversely affect the value of any Mortgage Loan, the value of
the related Mortgaged Property, or the interests of the Trustee therein or the
interests of any Certificateholder therein unless the document with respect to
which the Defect exists is required in connection with an imminent enforcement
of the Mortgagee's rights or remedies under the related Mortgage Loan, defending
any claim asserted by any borrower or third party with respect to the Mortgage
Loan, establishing the validity or priority of any lien on any collateral
securing the Mortgage Loan or for any immediate significant servicing
obligation. Notwithstanding the foregoing, the delivery of executed escrow
instructions or a commitment to issue a lender's title insurance policy, as
provided in clause (ix) of the definition of "Mortgage File" in the Pooling and
Servicing Agreement, in lieu of the delivery of the actual policy of lender's
title insurance, shall not be considered a Defect or Breach with respect to any
Mortgage File if such actual policy is delivered to the Trustee or its Custodian
within 18 months after the Closing Date.

            If (i) any Mortgage Loan is required to be repurchased or
substituted for in the manner described in the first paragraph of this Section
6(e), (ii) such Mortgage Loan is a Crossed Loan, and (iii) the applicable Defect
or Breach does not constitute a Defect or Breach, as the case may be, as to any
other Crossed Loan in such Crossed Group (without regard to this paragraph),
then the applicable Defect or Breach, as the case may be, will be deemed to
constitute a Defect or Breach, as the case may be, as to each other Crossed Loan
in the Crossed Group for purposes of this paragraph, and Natixis RE will be
required to repurchase or substitute for all of the remaining Crossed Loans in
the related Crossed Group as provided in the first paragraph of this Section
6(e) unless such other Crossed Loans in such Crossed Group satisfy the Crossed
Loan Repurchase Criteria, and the Mortgage Loan affected by the applicable
Defect or Breach and the Qualified Substitute Mortgage Loan, if any, satisfy all
other criteria for repurchase or substitution, as applicable, of Mortgage Loans
set forth herein. In the event that the remaining Crossed Loans satisfy the
aforementioned criteria, Natixis RE may elect either to repurchase or substitute
for only the affected Crossed Loan as to which the related Breach or Defect
exists or to repurchase or substitute for all of the Crossed Loans in the
related Crossed Group. Natixis RE shall be responsible for the cost of any
Appraisal required to be obtained by the Master Servicer to determine if the
Crossed Loan Repurchase Criteria have been satisfied, so long as the scope and
cost of such Appraisal has been approved by Natixis RE (such approval not to be
unreasonably withheld).

            To the extent that Natixis RE is required to repurchase or
substitute for a Crossed Loan hereunder in the manner prescribed above while the
Trustee continues to hold any other Crossed Loans in such Crossed Group, neither
Natixis RE nor the Trustee shall enforce any remedies against the other's
Primary Collateral, but each is permitted to exercise remedies against the
Primary Collateral securing its respective Crossed Loans, including with respect
to the Trustee, the Primary Collateral securing Crossed Loans still held by the
Trustee.

            If the exercise of remedies by one party would materially impair the
ability of the other party to exercise its remedies with respect to the Primary
Collateral securing the Crossed Loans held by such party, then Natixis RE and
the Trustee shall forbear from exercising such remedies until the Mortgage Loan
documents evidencing and securing the relevant Crossed Loans can be modified in
a manner that removes the threat of material impairment as a result of the
exercise of remedies or some other accommodation can be reached. Any reserve or
other cash collateral or letters of credit securing the Crossed Loans shall be
allocated between such Crossed Loans in accordance with the Mortgage Loan
documents, or otherwise on a pro rata basis based upon their outstanding Stated
Principal Balances. Notwithstanding the foregoing, if a Crossed Loan that
remains in the Trust Fund is modified to terminate the related cross
collateralization and/or cross default provisions, as a condition to such
modification, Natixis RE shall furnish to the Trustee an Opinion of Counsel that
any modification shall not cause an Adverse REMIC Event. Any expenses incurred
by the Purchaser in connection with such modification or accommodation
(including but not limited to recoverable attorney fees) shall be paid by
Natixis RE.

            The "Repurchase Price" with respect to any Mortgage Loan or REO Loan
to be repurchased pursuant to this Agreement and Section 2.03 of the Pooling and
Servicing Agreement, shall have the meaning given to the term "Purchase Price"
in the Pooling and Servicing Agreement.

            A "Qualified Substitute Mortgage Loan" with respect to any Mortgage
Loan or REO Loan to be substituted pursuant to this Agreement and Section 2.03
of the Pooling and Servicing Agreement, shall have the meaning given to such
term in the Pooling and Servicing Agreement.

            A "Substitution Shortfall Amount" with respect to any Mortgage Loan
or REO Loan to be substituted pursuant to this Agreement and Section 2.03 of the
Pooling and Servicing Agreement, shall have the meaning given to such term in
the Pooling and Servicing Agreement.

            In connection with any repurchase or substitution of one or more
Mortgage Loans contemplated hereby, (i) the Purchaser shall execute and deliver,
or cause the execution and delivery of, such endorsements and assignments,
without recourse, as shall be necessary to vest in Natixis RE the legal and
beneficial ownership of each repurchased Mortgage Loan or replaced Mortgage
Loan, as applicable, (ii) the Purchaser shall deliver, or cause the delivery, to
Natixis RE of all portions of the Mortgage File and other documents (including
the Servicing File) pertaining to such Mortgage Loan possessed by the Trustee,
or on the Trustee's behalf, and (iii) the Purchaser shall release, or cause to
be released, to Natixis RE any escrow payments and reserve funds held by the
Trustee, or on the Trustee's behalf, in respect of such repurchased or replaced
Mortgage Loans.

            (f) The representations and warranties of the parties hereto shall
survive the execution and delivery and any termination of this Agreement and
shall inure to the benefit of the respective parties, notwithstanding any
restrictive or qualified endorsement on the Mortgage Notes or Assignment of
Mortgage or the examination of the Mortgage Files.

            (g) Each party hereby agrees to promptly notify the other party of
any Breach of a representation or warranty contained in this Section 6. Natixis
RE's obligation to cure any Breach or Defect or repurchase or substitute for the
affected Mortgage Loan pursuant to Section 6(e) herein shall constitute the sole
remedy available to the Purchaser in connection with a Breach or Defect (subject
to the last sentence of the second paragraph of Section 6(e)). It is
acknowledged and agreed that the representations and warranties are being made
for risk allocation purposes only; provided, however, that no limitation of
remedy is implied with respect to Natixis RE's breach of its obligation to cure,
repurchase or substitute in accordance with the terms and conditions of this
Agreement.

            SECTION 7. Conditions to Closing. The obligations of the Purchaser
to purchase the Mortgage Loans shall be subject to the satisfaction, on or prior
to the Closing Date, of the following conditions:

            (a) Each of the obligations of each Seller required to be performed
by it at or prior to the Closing Date pursuant to the terms of this Agreement
shall have been duly performed and complied with and all of the representations
and warranties of each Seller under this Agreement shall be true and correct in
all material respects as of the Closing Date, and no event shall have occurred
as of the Closing Date which, with notice or passage of time, would constitute a
default under this Agreement, and the Purchaser shall have received a
certificate to the foregoing effect signed by an authorized officer of each
Seller substantially in the form of Exhibit D.

            (b) The Purchaser shall have received the following additional
closing documents with respect to each Seller:

            (i)(A) in the case of Natixis RE, copies of such Seller's articles
      of association and by-laws and (B) in the case of Natixis CMF, copies of
      such Seller's certificate of formation and limited liability company
      agreement, certified as of a recent date by the Secretary or Assistant
      Secretary of such Seller;

            (ii) an original or copy of a certificate of good standing of such
      Seller issued by (A) in the case of Natixis RE, the Secretary of the State
      of New York and (B) in the case of Natixis CMF, the Secretary of State of
      the State of Delaware dated not earlier than sixty days prior to the
      Closing Date;

            (iii) an opinion of counsel of such Seller, in form and substance
      satisfactory to the Purchaser and its counsel, substantially to the effect
      that:

                  (A) (A) in the case of Natixis RE, such Seller is a
            corporation, duly organized, validly existing and in good standing
            under the laws of the State of New York and (B) in the case of
            Natixis CMF, such Seller is a limited liability company, duly
            organized, validly existing and in good standing under the laws of
            the State of Delaware;

                  (B) such Seller has the power to conduct its business as now
            conducted and to incur and perform its obligations under this
            Agreement and, in the case of Natixis RE, the Indemnification
            Agreement;

                  (C) all necessary corporate or other action has been taken by
            such Seller to authorize the execution, delivery and performance of
            this Agreement and, in the case of Natixis RE, the Indemnification
            Agreement by such Seller and this Agreement is a legal, valid and
            binding agreement of such Seller enforceable against such Seller,
            whether such enforcement is sought in a procedure at law or in
            equity, except to the extent such enforcement may be limited by
            bankruptcy or other similar creditors' laws or principles of equity
            and public policy considerations underlying the securities laws, to
            the extent that such public policy considerations limit the
            enforceability of the provisions of the Agreement which purport to
            provide indemnification with respect to securities law violations;

                  (D) such Seller's execution and delivery of, and such Seller's
            performance of its obligations under, each of this Agreement and, in
            the case of Natixis RE, the Indemnification Agreement do not and
            will not conflict with such Seller's organizational documents or
            conflict with or result in the breach of any of the terms or
            provisions of, or constitute a default under, any indenture,
            mortgage, deed of trust, loan agreement or other material agreement
            or instrument to which such Seller is a party or by which such
            Seller is bound, or to which any of the property or assets of such
            Seller is subject or violate any provisions of law or conflict with
            or result in the breach of any order of any court or any
            governmental body binding on such Seller;

                  (E) there is no litigation, arbitration or mediation pending
            before any court, arbitrator, mediator or administrative body, or to
            such counsel's actual knowledge, threatened, against such Seller
            which (i) questions, directly or indirectly, the validity or
            enforceability of this Agreement or, in the case of Natixis RE, the
            Indemnification Agreement or (ii) would, if decided adversely to the
            Sellers, either individually or in the aggregate, reasonably be
            expected to have a material adverse effect on the ability of such
            Seller to perform its obligations under this Agreement or, in the
            case of Natixis RE, the Indemnification Agreement; and

                  (F) no consent, approval, authorization, order, license,
            registration or qualification of or with federal court or
            governmental agency or body is required for the consummation by such
            Seller of the transactions contemplated by this Agreement and, in
            the case of Natixis RE, the Indemnification Agreement, except such
            consents, approvals, authorizations, orders, licenses, registrations
            or qualifications as have been obtained; and

            (iv) a letter from counsel of such Seller to the effect that nothing
      has come to such counsel's attention that would lead such counsel to
      believe that the Prospectus Supplement as of the date thereof or as of the
      Closing Date contains, with respect to such Seller or the related Mortgage
      Loans, any untrue statement of a material fact or omits to state a
      material fact necessary in order to make the statements therein relating
      to such Seller or the related Mortgage Loans, in the light of the
      circumstances under which they were made, not misleading.

            (c) The Offered Certificates shall have been concurrently issued and
sold pursuant to the terms of the Underwriting Agreement. The Private
Certificates shall have been concurrently issued and sold pursuant to the terms
of the Certificate Purchase and Placement Agreement.

            (d) Natixis RE shall have executed and delivered concurrently
herewith the Indemnification Agreement.

            (e) Each Seller shall furnish the Purchaser with such other
certificates of its officers or others and such other documents and opinions to
evidence fulfillment of the conditions set forth in this Agreement as the
Purchaser and its counsel may reasonably request.

            SECTION 8. Closing. The closing for the purchase and sale of the
Mortgage Loans shall take place at the office of Cadwalader, Wickersham & Taft
LLP, New York, New York, at 10:00 a.m., on the Closing Date or such other place
and time as the parties shall agree. The parties hereto agree that time is of
the essence with respect to this Agreement.

            SECTION 9. Expenses. The Sellers will pay their pro rata share (such
Sellers' pro rata share to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents in proportion to the aggregate principal balance as of the Cut-off
Date of all the mortgage loans to be included in the Trust Fund) of all costs
and expenses of the Purchaser in connection with the transactions contemplated
herein, including (without duplication thereof), but not limited to: (i) the
costs and expenses of the Purchaser in connection with the purchase of the
Mortgage Loans and other mortgage loans; (ii) the costs and expenses of
reproducing and delivering the Pooling and Servicing Agreement and printing (or
otherwise reproducing) and delivering the Certificates; (iii) the reasonable and
documented fees, costs and expenses of the Trustee and its counsel incurred in
connection with the Trustee entering into the Pooling and Servicing Agreement;
(iv) the fees and disbursements of a firm of certified public accountants
selected by the Purchaser and the Sellers with respect to numerical information
in respect of the Mortgage Loans, other mortgage loans and the Certificates
included in the Prospectus, the Memoranda (as defined in the Indemnification
Agreement) and any related 8-K Information (as defined in the Underwriting
Agreement), or items similar to the 8-K Information, including the cost of
obtaining any "comfort letters" with respect to such items; (v) the costs and
expenses in connection with the qualification or exemption of the Certificates
under state securities or blue sky laws, including filing fees and reasonable
fees and disbursements of counsel in connection therewith; (vi) the costs and
expenses in connection with any determination of the eligibility of the
Certificates for investment by institutional investors in any jurisdiction and
the preparation of any legal investment survey, including reasonable fees and
disbursements of counsel in connection therewith; (vii) the costs and expenses
in connection with printing (or otherwise reproducing) and delivering the
Registration Statement, Prospectus and Memoranda, and the reproduction and
delivery of this Agreement and the furnishing to the Underwriters of such copies
of the Registration Statement, Prospectus, Memoranda and this Agreement as the
Underwriters may reasonably request; (viii) the fees of the rating agency or
agencies requested to rate the Certificates and (ix) the reasonable fees and
expenses of Thacher Proffitt & Wood LLP, counsel to the Underwriters, and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

            SECTION 10. 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. Furthermore, the
parties shall in good faith endeavor to replace any provision held to be invalid
or unenforceable with a valid and enforceable provision which most closely
resembles, and which has the same economic effect as, the provision held to be
invalid or unenforceable.

            SECTION 11. Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York without regard to conflicts of
law principles and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.

            SECTION 12. No Third Party Beneficiaries. The parties do not intend
the benefits of this Agreement to inure to any third party except as expressly
set forth in Section 13.

            SECTION 13. Assignment. Each Seller hereby acknowledges that the
Purchaser has, concurrently with the execution hereof, executed and delivered
the Pooling and Servicing Agreement and that, in connection therewith, it has
assigned its rights hereunder to the Trustee for the benefit of the
Certificateholders to the extent set forth in the Pooling and Servicing
Agreement and that the rights so assigned may be further assigned to, and shall
inure to the benefit of, any successor trustee under the Pooling and Servicing
Agreement. Each Seller hereby acknowledges its obligations (subject to the
provisions hereof), including that of expense reimbursement, pursuant to
Sections 2.01, 2.02 and 2.03 of the Pooling and Servicing Agreement. Except as
set forth hereinabove and in Sections 2.01, 2.02 and 2.03 of the Pooling and
Servicing Agreement, the representations and warranties of each Seller made
hereunder and the remedies provided hereunder with respect to Breaches or
Defects may not be further assigned by the Purchaser, the Trustee or any
successor trustee. No owner of a Certificate issued pursuant to the Pooling and
Servicing Agreement shall be deemed a successor or permitted assign because of
such ownership. This Agreement shall bind and inure to the benefit of, and be
enforceable by, each Seller, the Purchaser and their permitted successors and
permitted assigns. The warranties and representations and the agreements made by
each Seller herein shall survive delivery of the Mortgage Loans to the Trustee
until the termination of the Pooling and Servicing Agreement.

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) with respect to all notices of legal proceedings and similar
matters, c/o Global Securitization Services, LLC, 400 West Main Street, Suite
338, Babylon, NY 11702, Attn.: Bernard J. Angelo, Fax No. (212) 302-8767 and
(ii) with respect to Natixis RE Mortgage Loans and Natixis CMF Mortgage Loans,
c/o Natixis Real Estate Capital, Inc., 9 West 57th Street, 36th Floor, New York,
New York 10019, Attention: Albert Zakes, fax number: (212) 891-1922

            SECTION 15. Amendment. This Agreement may be amended only by a
written instrument which specifically refers to this Agreement and is executed
by the Purchaser and each Seller; provided, however, that unless such amendment
is to cure an ambiguity, mistake or inconsistency in this Agreement, no
amendment shall be permitted unless each Rating Agency has delivered a written
confirmation that such amendment will not result in a downgrade, withdrawal or
qualification of the then current ratings of the Certificates and the cost of
obtaining any Rating Agency confirmation shall be borne by the party requesting
such amendment. This Agreement shall not be deemed to be amended orally or by
virtue of any continuing custom or practice. No amendment to the Pooling and
Servicing Agreement which relates to defined terms contained therein or any
obligations of a Seller whatsoever shall be effective against such Seller unless
such Seller shall have agreed to such amendment in writing.

            SECTION 16. Counterparts. This Agreement may be executed in any
number of counterparts, and by the parties hereto in separate counterparts, each
of which when executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same instrument.

            SECTION 17. Exercise of Rights. No failure or delay on the part of
any party to exercise any right, power or privilege under this Agreement and no
course of dealing between a Seller and the Purchaser shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, power or
privilege under this Agreement preclude any other or further exercise thereof or
the exercise of any other right, power or privilege. Except as set forth in
Section 6 herein, the rights and remedies herein expressly provided are
cumulative and not exclusive of any rights or remedies which any party would
otherwise have pursuant to law or equity. Except as set forth in Section 6
herein, no notice to or demand on any party in any case shall entitle such party
to any other or further notice or demand in similar or other circumstances, or
constitute a waiver of the right of either party to any other or further action
in any circumstances without notice or demand.

            SECTION 18. No Partnership. Nothing herein contained shall be deemed
or construed to create a partnership or joint venture between the parties
hereto. Nothing herein contained shall be deemed or construed as creating an
agency relationship between the Purchaser and a Seller and neither the Purchaser
nor a Seller shall take any action which could reasonably lead a third party to
assume that it has the authority to bind the other party or make commitments on
such party's behalf.

            SECTION 19. Miscellaneous. This Agreement supersedes all prior
agreements and understandings relating to the subject matter hereof. Neither
this Agreement nor any term hereof may be changed, waived, discharged or
terminated orally, but only by an instrument in writing signed by the party
against whom enforcement of the change, waiver, discharge or termination is
sought.

                                   * * * * * *

<PAGE>

            IN WITNESS WHEREOF, the Purchaser and each Seller have caused their
names to be signed hereto by their respective officers thereunto duly authorized
as of the day and year first above written.

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP., as Purchaser

                                       By:   /s/ Emanuel Chrysoulakis
                                          ------------------------------------
                                          Name:  Emanuel Chrysoulakis
                                          Title: Vice President

                                       NATIXIS REAL ESTATE CAPITAL INC., as
                                          Seller

                                       By:   /s/ Jon W. Brayshaw
                                          ------------------------------------
                                          Name:  Jon W. Brayshaw
                                          Title: Managing Director

                                       By:   /s/ Scott Douglass
                                          ------------------------------------
                                          Name:  Scott Douglass
                                          Title: Managing Director

                                       NATIXIS COMMERCIAL MORTGAGE FUNDING,
                                          LLC, as Seller

                                       By:   /s/ Bernard J. Angelo
                                          ------------------------------------
                                          Name:  Bernard J. Angelo
                                          Title: Senior Vice President

<PAGE>

                                   EXHIBIT A-1

                        NATIXIS RE MORTGAGE LOAN SCHEDULE

JPMCC 2007-LDP12
Mortgage Loan Schedule (Natixis Real Estate Capital)
<TABLE>
<CAPTION>

         Originator/Loan
Loan #   Seller                                           Mortgagor Name
------   ----------------   ---------------------------   -----------------------------------------------------------------
<S>      <C>                <C>                           <C>
     3        NATIXIS       Natixis Real Estate Capital   Jemal's Darth Vader L.L.C.
    21        NATIXIS       Natixis Real Estate Capital   C & K Holding Company, Inc.
    24        NATIXIS       Natixis Real Estate Capital   KE Bentley One LLC, KGC Bentley Two LLC
    37        NATIXIS       Natixis Real Estate Capital   MDR Queensmark, LLC, Q.M. Apartments, L.P.
    45        NATIXIS       Natixis Real Estate Capital   Sidhal Equity, LLC, Woodland Equity, LLC, James Asset, LLC
                                                          EKG Investors, LLC, SCT Investors, LLC, RLZ Investors,LLC, MHFT
    47        NATIXIS       Natixis Real Estate Capital   Investors, LLC
    65        NATIXIS       Natixis Real Estate Capital   Sono Square Associates, LLC
    67        NATIXIS       Natixis Real Estate Capital   Villa Cristina, LLC
    84        NATIXIS       Natixis Real Estate Capital   Scientific Finance, LLC
    99        NATIXIS       Natixis Real Estate Capital   Medure SPE, LLC
 99.01        NATIXIS
 99.02        NATIXIS
   100        NATIXIS       Natixis Real Estate Capital   Epos Realty Associates, LLC
   114        NATIXIS       Natixis Real Estate Capital   RTC Austin, L.L.C.
   115        NATIXIS       Natixis Real Estate Capital   Capwell Commercial LP
   116        NATIXIS       Natixis Real Estate Capital   Prestonwood Partners Ltd.
   117        NATIXIS       Natixis Real Estate Capital   P.A. Properties, LLC
   132        NATIXIS       Natixis Real Estate Capital   LG-310 Clarksville IN, LLC
   133        NATIXIS       Natixis Real Estate Capital   Meridian III, LLC
   136        NATIXIS       Natixis Real Estate Capital   Clifton Park 2007, LLC
                                                          University Row LP, The Old Second National Bank of Aurora as
   139        NATIXIS       Natixis Real Estate Capital   Trustee Under Trust #4778
                                                          University Court LP, The Old Second National Bank of Aurora As
   142        NATIXIS       Natixis Real Estate Capital   Trustee Under Trust #4798
   143        NATIXIS       Natixis Real Estate Capital   LG-432 Beaver Creek OH, LLC
   145        NATIXIS       Natixis Real Estate Capital   LG-369 Decatur AL, LLC
   146        NATIXIS       Natixis Real Estate Capital   LG-328 Huntsville AL, LLC
                                                          University Commons LP, The Old Second National Bank of Aurora
   147        NATIXIS       Natixis Real Estate Capital   as Trustee Under Trust #5559
   148        NATIXIS       Natixis Real Estate Capital   LG-404 Flowood MS, LLC
   149        NATIXIS       Natixis Real Estate Capital   LG-435 Bowling Green KY, LLC
   150        NATIXIS       Natixis Real Estate Capital   LG-340 Savannah GA, LLC
   151        NATIXIS       Natixis Real Estate Capital   LG-306 Murfreesboro TN, LLC
   152        NATIXIS       Natixis Real Estate Capital   LG-332 W. Monroe LA, LLC
   153        NATIXIS       Natixis Real Estate Capital   LG-379 Gallatin TN, LLC
   155        NATIXIS       Natixis Real Estate Capital   LG-375 Canton MI, LLC
   156        NATIXIS       Natixis Real Estate Capital   LG-409 Ft. Olgethorpe GA, LLC
   157        NATIXIS       Natixis Real Estate Capital   LG-377 Oxford AL, LLC
   158        NATIXIS       Natixis Real Estate Capital   University Apartments of Greenville, LLC
   159        NATIXIS       Natixis Real Estate Capital   LG-381 Evansville IN, LLC
                                                          University Center LP, The Old Second National Bank of Aurora as
   160        NATIXIS       Natixis Real Estate Capital   Trustee Under Trust #5197
   161        NATIXIS       Natixis Real Estate Capital   LG-394 Austin TX, LLC
                                                          The Old Second National Bank of Aurora as Trustee Under Trust
   163        NATIXIS       Natixis Real Estate Capital   #6422, Phoenix Apartments LP

<CAPTION>

Loan #     Property Address                                                  City                     State   Zip Code
--------   ---------------------------------------------------------------   ----------------------   -----   ---------
<S>        <C>                                                               <C>                      <C>     <C>
       3   111 Massachusetts Avenue, NW                                      Washington                 DC     20001
      21   2114 Route 4 Eastbound                                            Fort Lee                   NJ     07024
      24   32 College Road                                                   Fairbanks                  AK     99701
      37   1900 55th Ave                                                     St. Petersburg             FL     33712
      45   20501 Ventura Blvd                                                Woodland Hills             CA     91364
      47   5021-5215 Fruitridge Road and 5304-5410 Stockton Boulevard        Sacramento                 CA     95820
      65   85 - 99 Water Street; 96 Water Street; and 17 Day Street          Norwalk                    CT     06854
      67   212 & 222 South Ocala Road and 2030 & 2043 Belle Vue Way          Tallahassee                FL     32304
      84   10150 Old Columbia Road                                           Columbia                   MD     21046
      99   Various                                                           Various                    PA    Various
   99.01   154 Keystone Drive (Rte 60 and Pulaski Road)                      Neshannock Township        PA     16105
   99.02   103 Sampson Street                                                New Castle                 PA     16101
     100   42 West Main Street                                               Owego                      NY     13827
     114   8015 Exchange Drive                                               Austin                     TX     78754
     115   7980-8080 Capwell Drive                                           Oakland                    CA     94621
     116   15203 Knoll Trail Road                                            Dallas                     TX     75248
     117   3827-3859 Pennsylvania Avenue                                     Washington                 DC     20020
     132   970 SH 131                                                        Clarksville                IN     47129
     133   11800 East Oswego Street                                          Englewood                  CO     80112
     136   1746 Route 9                                                      Clifton Park               NY     12065
     139   104 W. Cherry Street                                              Normal                     IL     61761
     142   801 Kingsley Street, 404 W. Locust Street, 206 W. Locust
           Street and 205 W. Willow Street                                   Normal                     IL     61761
     143   2819 Centre Drive                                                 Beavercreek                OH     45324
     145   2315 Beltline Road                                                Decatur                    AL     35601
     146   4249 Balmoral Drive                                               Huntsville                 AL     35801
     147   308 East Taylor Street, 501 South Fell Avenue, 103 West
           Locust Street and 605, 609 Hester Avenue                          Normal                     IL     61761
     148   277 Dogwood Blvd                                                  Flowood                    MS     39232
     149   2920 Scottsville Road                                             Bowling Green              KY     42103
     150   11301 Abercom Street                                              Savannah                   GA     31419
     151   740 NW Broad Street                                               Murfreesboro               TN     37129
     152   201 Constitution Drive                                            West Monroe                LA     71292
     153   1007 Village Green Crossing                                       Gallatin                   TN     37066
     155   39605 Ford Road                                                   Canton                     MI     48184
     156   2584 Battlefield Parkway                                          Fort Oglethorpe            GA     30742
     157   40 Ali Way                                                        Oxford                     AL     36203
     158   2899 and 2901 East 5th Street                                     Greenville                 NC     27858
     159   5645 Pearl Drive                                                  Evansville                 IN     47712
     160   116 W. Cherry Street                                              Normal                     IL     61761
     161   701 East Stassney                                                 Austin                     TX     78745
     163   101 West Phoenix Avenue                                           Normal                     IL     61761

<CAPTION>

                                                                                            Interest   Net Mortgage    Original
Loan #   County                 Property Name                        Size     Measure       Rate (%)   Interest Rate   Balance
------   --------------------   ----------------------------------   ------   -----------   --------   -------------   -----------
<S>      <C>                    <C>                                  <C>      <C>           <C>        <C>             <C>
     3   District of Columbia   111 Massachusetts Avenue             254890   Square Feet    5.89700         5.87623    90,000,000
    21   Bergen                 Hilton Fort Lee                         237   Rooms          6.27800         6.25723    33,000,000
    24   North Star Borough     Bentley Mall                         177150   Square Feet    5.70100         5.68023    29,000,000
    37   Pinellas               Queensmark Apartments                   518   Units          6.16000         6.13923    18,100,000
    45   Los Angeles            The Chateau                           78246   Square Feet    5.75300         5.73223    14,200,000
    47   Sacremento             Stockridge Plaza                      94507   Square Feet    6.01400         5.99323    13,350,000
    65   Fairfield              SoNo Square                           93438   Square Feet    6.43500         6.41423     9,975,000
    67   Leon                   Villa Cristina                          130   Units          6.17000         6.14923     9,350,000
    84   Howard                 Scientific Labs Bldg                  75500   Square Feet    6.39000         6.36923     7,000,000
    99   Lawrence               Medure Portfolio                     104130   Square Feet    6.28700         6.26623     5,400,000
 99.01   Lawrence               Steelite Building                     62000   Square Feet    6.28700                     4,050,000
 99.02   Lawrence               Newspaper Holdings Building           42130   Square Feet    6.28700                     1,350,000
   100   Tioga                  Owego Fairgrounds                     67214   Square Feet    6.24000         6.21923     5,400,000
   114   Travis                 Ram-Tool & Supply                     56700   Square Feet    6.48000         6.36923     4,250,000
   115   Alameda                7980-8080 Capwell Drive               68235   Square Feet    5.77500         5.75423     4,250,000
   116   Dallas                 Prestonwood Village II                41322   Square Feet    6.22000         6.19923     4,100,000
   117   District of Columbia   Fairfax Village Shopping Center       21031   Square Feet    6.34500         6.26423     4,100,000
   132   Clark                  Clarksville - Logan                    7950   Square Feet    5.86500         5.84423     2,840,000
   133   Douglas                Meridian Village Center               13258   Square Feet    5.93200         5.91123     2,825,000
   136   Saratoga               Tractor Supply - Clifton Park         22670   Square Feet    6.28500         6.26423     2,800,000
   139   McLean                 University Row Tinervin                  30   Units          6.41000         6.38923     2,457,000
   142   McLean                 University Court Tinervin                30   Units          6.41000         6.38923     1,995,500
   143   Greene                 Logan Portfolio-Beavercreek, OH        7999   Square Feet    5.86500         5.84423     1,915,000
   145   Morgan                 Logan Portfolio-Decatur, AL            7947   Square Feet    5.86500         5.84423     1,755,000
   146   Madison                Logan Portfolio-Huntsville, AL         7839   Square Feet    5.86500         5.84423     1,750,000
   147   McLean                 University Commons Tinervin              34   Units          6.41000         6.38923     1,735,500
   148   Rankin                 Logan Portfolio-Flowood, MS            8060   Square Feet    5.86500         5.84423     1,655,000
   149   Warren                 Logan Portfolio-Bowling Green, KY      8140   Square Feet    5.86500         5.84423     1,630,000
   150   Chatham                Logan Portfolio-Savannah, GA           7409   Square Feet    5.86500         5.84423     1,555,000
   151   Rutherford             Logan Portfolio-Murfreesboro, TN       7839   Square Feet    5.86500         5.84423     1,545,000
   152   Ouachita Parish        Logan Portfolio-West Monroe, LA        7839   Square Feet    5.86500         5.84423     1,540,000
   153   Sumner                 Logan Portfolio-Gallatin, TN           7943   Square Feet    5.86500         5.84423     1,475,000
   155   Wayne                  Logan Portfolio-Canton, MI             8329   Square Feet    5.86500         5.84423     1,365,000
   156   Catoosa                Logan Portfolio-Ft. Oglethorpe, GA     8060   Square Feet    5.86500         5.84423     1,305,000
   157   Calhoun                Logan Portfolio-Oxford, AL             7956   Square Feet    5.86500         5.84423     1,280,000
   158   Pitt                   University Apts - Greenville             46   Units          6.64500         6.50923     1,260,000
   159   Vanderburgh            Logan Portfolio-Evansville, IN         7961   Square Feet    5.86500         5.84423     1,245,000
   160   McLean                 University Center Tinervin               21   Units          6.44000         6.41923     1,180,000
   161   Travis                 Logan Portfolio-Austin, TX             8060   Square Feet    5.86500         5.84423     1,165,000
   163   McLean                 Phoenix Apartments Tinervin              17   Units          6.82000         6.79923       669,500

<CAPTION>

                                             Maturity/                               Monthly        Servicing
Loan #   Cutoff Balance   Term   Rem. Term   ARD Date    Amort. Term   Rem. Amort.   Debt Service   Fee Rate    Accrual Type
------   --------------   ----   ---------   ---------   -----------   -----------   ------------   ---------   ------------
<S>      <C>              <C>    <C>         <C>         <C>           <C>           <C>            <C>         <C>

     3       90,000,000    120         119   07/05/17            360           360        533,650     0.02000   Actual/360
    21       33,000,000    120         120   08/05/17            360           360        203,788     0.02000   Actual/360
    24       29,000,000    120         118   06/01/17            360           360        168,335     0.02000   Actual/360
    37       18,100,000    120         119   07/05/17            360           360        110,388     0.02000   Actual/360
    45       14,200,000    120         119   07/07/17            360           360         82,894     0.02000   Actual/360
    47       13,350,000    120         111   11/05/16            353           353         80,801     0.02000   Actual/360
    65        9,975,000    120         120   08/05/17            360           360         62,623     0.02000   Actual/360
    67        9,333,536    120         118   06/05/17            360           358         57,084     0.02000   Actual/360
    84        6,964,149     60          56   04/05/12            300           296         46,784     0.02000   Actual/360
    99        5,400,000    120         120   08/05/17            300           300         35,746     0.02000   Actual/360
 99.01        4,050,000    120         120   08/05/17            300           300                              Actual/360
 99.02        1,350,000    120         120   08/05/17            300           300                              Actual/360
   100        5,395,802    120         119   07/01/17            360           359         33,214     0.02000   Actual/360
   114        4,250,000    120         120   08/05/17            360           360         26,807     0.11000   Actual/360
   115        4,246,266    120         119   07/05/17            360           359         24,869     0.02000   Actual/360
   116        4,100,000    120         120   08/05/17            360           360         25,164     0.02000   Actual/360
   117        4,100,000    120         120   08/05/17            360           360         25,498     0.08000   Actual/360
   132        2,832,074    120         118   06/07/17            300           298         18,065     0.02000   Actual/360
   133        2,825,000    120         119   07/07/17            360           360         16,814     0.02000   Actual/360
   136        2,800,000    120         120   08/05/17            360           360         17,304     0.02000   Actual/360
   139        2,457,000    120         120   08/05/17            360           360         15,385     0.02000   Actual/360
   142        1,995,500    120         120   08/05/17            360           360         12,495     0.02000   Actual/360
   143        1,915,000    120         117   05/07/17            360           360         11,316     0.02000   Actual/360
   145        1,755,000    120         117   05/07/17            360           360         10,370     0.02000   Actual/360
   146        1,750,000    120         117   05/07/17            360           360         10,341     0.02000   Actual/360
   147        1,735,500    120         120   08/05/17            360           360         10,867     0.02000   Actual/360
   148        1,655,000    120         117   05/07/17            360           360          9,779     0.02000   Actual/360
   149        1,630,000    120         117   05/07/17            360           360          9,632     0.02000   Actual/360
   150        1,555,000    120         117   05/07/17            360           360          9,188     0.02000   Actual/360
   151        1,545,000    120         117   05/07/17            360           360          9,129     0.02000   Actual/360
   152        1,540,000    120         117   05/07/17            360           360          9,100     0.02000   Actual/360
   153        1,475,000    120         117   05/07/17            360           360          8,716     0.02000   Actual/360
   155        1,365,000    120         117   05/07/17            360           360          8,066     0.02000   Actual/360
   156        1,305,000    120         117   05/07/17            360           360          7,711     0.02000   Actual/360
   157        1,280,000    120         117   05/07/17            360           360          7,564     0.02000   Actual/360
   158        1,259,125    120         119   07/05/17            360           359          8,085     0.13500   Actual/360
   159        1,245,000    120         117   05/07/17            360           360          7,357     0.02000   Actual/360
   160        1,180,000    120         120   08/05/17            360           360          7,412     0.02000   Actual/360
   161        1,165,000    120         117   05/07/17            360           360          6,884     0.02000   Actual/360
   163          669,500    120         120   08/05/17            360           360          4,374     0.02000   Actual/360

<CAPTION>

                     ARD Step
Loan #   ARD (Y/N)   Up (%)     Title Type   Crossed Loan   Guarantor
------   ---------   --------   ----------   ------------   -----------------------------------------------------------------
<S>      <C>         <C>        <C>          <C>            <C>
     3   No                     Fee                         Douglas Jemal and Norman Jemal
    21   No                     Fee                         Angeline Cho
    24   No                     Fee                         F. Ron Krausz
    37   No                     Fee                         Michael D. Rubin and Harry Bookey
    45   No                     Fee                         Bruce Abrams
    47   No                     Fee                         Martin Ensbury, Michael Francik, Heather Francik and Ronald Zapf
    65   No                     Fee                         David A. Waldman and John Johnson
    67   No                     Fee                         Steven M. Leoni
    84   No                     Fee                         Rajeshwari Patel
    99   No                     Fee                         Angelo Medure
 99.01   No                     Fee
 99.02   No                     Fee
   100   No                     Fee                         Dimitrios Kaloidis
   114   No                     Fee                         Maye H. Head. and M. Hillery Head
   115   No                     Fee                         Rao R. Yalamanchili
   116   No                     Fee                         Jerome M. Skibell
   117   No                     Fee                         Hampshire Investments, Limited
   132   No                     Fee                         Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   133   No                     Fee                         David Azouz
   136   No                     Fee                         The Hampshire Generational Fund LLC
   139   No                     Fee                         Herbert C. Steinmetz, Jr.
   142   No                     Fee                         Herbert C. Steinmetz, Jr.
   143   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   145   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   146   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   147   No                     Fee                         Herbert C. Steinmetz, Jr.
   148   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   149   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   150   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   151   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   152   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   153   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   155   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   156   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   157   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   158   No                     Fee                         Jesse Thomas Williams, Sr. and Virginia S. Williams
   159   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   160   No                     Fee                         Herbert C. Steinmetz, Jr.
   161   No                     Fee          A              Nicholas S. Schorsch, William M. Kahane, UBSREI, DRCM, Triple Net
   163   No                     Fee                         Herbert C. Steinmetz, Jr.

<CAPTION>

                                                                    UPFRONT ESCROW
                    -------------------------------------------------------------------------------------------------------------
         Letter of  Upfront CapEx   Upfront Eng.   Upfront Envir.   Upfront TI/LC   Upfront RE Tax   Upfront Ins.   Upfront Other
Loan #   Credit     Reserve         Reserve        Reserve          Reserve         Reserve          Reserve        Reserve
------   ---------  -------------   ------------   --------------   -------------   --------------   ------------   -------------
<S>      <C>        <C>             <C>            <C>              <C>             <C>              <C>            <C>
     3   No                  0.00           0.00           625.00    1,800,000.00       507,890.00      14,018.00      385,000.00
    21   No                  0.00           0.00             0.00            0.00        37,900.00     145,846.00    4,000,000.00
    24   No                  0.00           0.00         1,250.00            0.00       235,124.00      36,347.00       16,371.13
    37   No                  0.00           0.00           625.00            0.00       187,500.00      27,300.00            0.00
    45   No                  0.00           0.00             0.00            0.00        73,850.00       8,622.00            0.00
    47   No                  0.00     125,000.00             0.00      175,000.00       156,912.00      10,953.00      855,000.00
    65   No                  0.00      20,178.00       100,000.00      225,000.00        15,600.00       2,571.00            0.00
    67   No                  0.00           0.00             0.00            0.00        38,483.84       7,490.96            0.00
    84   No                  0.00           0.00             0.00            0.00        63,320.02       9,414.20            0.00
    99   No                  0.00       3,750.00             0.00            0.00             0.00      20,282.67            0.00
 99.01
 99.02
   100   No                  0.00       2,500.00             0.00            0.00        26,404.00       3,729.88       22,923.56
   114   No                  0.00           0.00             0.00      319,000.00        14,619.43       9,657.00            0.00
   115   No                  0.00           0.00           625.00            0.00        28,833.00         800.00            0.00
   116   No                  0.00           0.00             0.00            0.00       122,697.08      15,931.95      400,000.00
   117   No                  0.00      69,687.50         1,250.00            0.00        44,218.08       7,786.60            0.00
   132   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   133   No                  0.00      16,125.00             0.00       30,000.00        15,882.00         632.00      175,000.00
   136   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   139   No                  0.00           0.00             0.00            0.00        21,962.56       2,328.50            0.00
   142   No                  0.00       2,562.00             0.00            0.00        17,118.00       1,970.39            0.00
   143   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   145   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   146   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   147   No                  0.00       5,437.50             0.00            0.00        21,956.30       2,412.00            0.00
   148   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   149   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   150   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   151   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   152   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   153   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   155   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   156   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   157   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   158   No                  0.00           0.00             0.00            0.00        18,082.09         924.58            0.00
   159   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   160   No                  0.00       1,250.00             0.00            0.00        11,116.50       1,393.25            0.00
   161   No                  0.00           0.00             0.00            0.00             0.00           0.00            0.00
   163   No                  0.00           0.00             0.00            0.00         8,703.38       1,171.75            0.00

<CAPTION>

                                              MONTHLY ESCROW
        ----------------------------------------------------------------------------------------------
        Monthly Capex   Monthly Envir.   Monthly TI/LC   Monthly RE Tax   Monthly Ins.   Monthly                        Lockbox
Loan #  Reserve         Reserve          Reserve         Reserve          Reserve        Other Reserve   Grace Period   In-place
------  -------------   --------------   -------------   --------------   ------------   -------------   ------------   -------
<S>     <C>              <C>              <C>             <C>              <C>           <C>             <C>            <C>
     3        3186.12             0.00        20456.50        153556.88        4672.52            0.00              5    Yes
    21       33560.35             0.00            0.00         37900.00       13300.00            0.00              0    No
    24        2362.00             0.00            0.00         29400.00        7329.25            0.00              4    Yes
    37       10791.67             0.00            0.00         37500.00       27300.00            0.00              0    No
    45        1305.00             0.00         2750.00         18500.00        4600.00            0.00              0    No
    47        1182.34             0.00         5906.69         15900.00        2118.25            0.00              0    Yes
    65        1635.17             0.00         3333.00          7800.00        1800.00            0.00              5    No
    67        2708.33             0.00            0.00          5497.69        7715.69            0.00              0    Yes
    84        2642.50             0.00         3000.00         11978.85        1386.22            0.00              0    Yes
    99         867.75             0.00          750.00             0.00        1785.33            0.00              0    No
 99.01                                                                                                              0
 99.02                                                                                                              0
   100         840.18             0.00         2500.00          3772.03        3729.88            0.00              0    No
   114         236.25             0.00            0.00         11034.92         804.75            0.00              0    Yes
   115         850.00             0.00         3500.00          7600.00         800.00            0.00              0    No
   116         502.00             0.00         2550.00         15337.08        2275.95            0.00              0    No
   117         147.00             0.00         1250.00          6272.00         435.60            0.00              0    No
   132           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   133         160.00             0.00            0.00          8720.00         635.00            0.00              0    No
   136           0.00             0.00            0.00             0.00           0.00            0.00              0    No
   139         750.63             0.00            0.00          3856.35        1051.97            0.00              0    No
   142         787.50             0.00            0.00          2995.30         901.51            0.00              0    No
   143           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   145           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   146           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   147         906.67             0.00            0.00          3855.25        1154.03            0.00              0    No
   148           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   149           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   150           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   151           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   152           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   153           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   155           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   156           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   157           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   158         958.33             0.00            0.00          1506.84         924.58            0.00              0    No
   159           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   160         434.00             0.00            0.00          1951.92         666.67            0.00              0    No
   161           0.00             0.00            0.00             0.00           0.00            0.00              0    Yes
   163         495.83             0.00            0.00          1528.03         402.30            0.00              0    No

<CAPTION>
                                                                          Remaining
                                     Interest                  Final      Amoritization
                        Defeasance   Accrual                   Maturity   Term for
Loan #  Property Type   Permitted    Period       Loan Group   Date       Balloon Loans
------  -------------   ----------   ----------   ----------   --------   -------------
<S>     <C>             <C>          <C>          <C>          <C>        <C>
     3  Office          Yes          Actual/360            1                        360
    21  Hotel           Yes          Actual/360            1                        360
    24  Retail          Yes          Actual/360            1                        360
    37  Multifamily     Yes          Actual/360            2                        360
    45  Office          Yes          Actual/360            1                        360
    47  Retail          Yes          Actual/360            1                        353
    65  Mixed Use       Yes          Actual/360            1                        360
    67  Multifamily     Yes          Actual/360            2                        360
    84  Industrial      No           Actual/360            1                        300
    99  Industrial      Yes          Actual/360            1                        300
 99.01  Industrial                   Actual/360            1                        300
 99.02  Industrial                   Actual/360            1                        300
   100  Retail          Yes          Actual/360            1                        360
   114  Industrial      Yes          Actual/360            1                        360
   115  Industrial      No           Actual/360            1                        360
   116  Retail          No           Actual/360            1                        360
   117  Retail          Yes          Actual/360            1                        360
   132  Retail          Yes          Actual/360            1                        300
   133  Retail          No           Actual/360            1                        360
   136  Retail          Yes          Actual/360            1                        360
   139  Multifamily     Yes          Actual/360            2                        360
   142  Multifamily     Yes          Actual/360            2                        360
   143  Retail          Yes          Actual/360            1                        360
   145  Retail          Yes          Actual/360            1                        360
   146  Retail          Yes          Actual/360            1                        360
   147  Multifamily     Yes          Actual/360            2                        360
   148  Retail          Yes          Actual/360            1                        360
   149  Retail          Yes          Actual/360            1                        360
   150  Retail          Yes          Actual/360            1                        360
   151  Retail          Yes          Actual/360            1                        360
   152  Retail          Yes          Actual/360            1                        360
   153  Retail          Yes          Actual/360            1                        360
   155  Retail          Yes          Actual/360            1                        360
   156  Retail          Yes          Actual/360            1                        360
   157  Retail          Yes          Actual/360            1                        360
   158  Multifamily     Yes          Actual/360            2                        360
   159  Retail          Yes          Actual/360            1                        360
   160  Multifamily     Yes          Actual/360            2                        360
   161  Retail          Yes          Actual/360            1                        360
   163  Multifamily     Yes          Actual/360            2                        360

</TABLE>

<PAGE>

                                   EXHIBIT A-2

                       NATIXIS CMF MORTGAGE LOAN SCHEDULE

JPMCC 2007-LDP12
Mortgage Loan Schedule (Natixis Commercial Mortgage Funding, LLC)

<TABLE>
<CAPTION>
         Originator/Loan
Loan #   Seller                                                       Mortgagor Name                  Property Address
------   ---------------   ----------------------------------------   -----------------------------   --------------------------
<S>      <C>               <C>                                        <C>                             <C>
    12   NATIXIS           Natixis Commercial Mortgage Funding, LLC   WDW Owner LLC                   Various
 12.01   NATIXIS                                                                                      4125 Windward Plaza Drive
 12.02   NATIXIS                                                                                      4005 Windward Plaza Drive
    13   NATIXIS           Natixis Commercial Mortgage Funding, LLC   150 Owner LLC                   150 West Main Street
    26   NATIXIS           Natixis Commercial Mortgage Funding, LLC   MIL Owner LLC                   4901 Vineland Road
    38   NATIXIS           Natixis Commercial Mortgage Funding, LLC   SHL Owner LLC                   101 Southhall Lane
    55   NATIXIS           Natixis Commercial Mortgage Funding, LLC   BCK Owner LLC                   Various
 55.01   NATIXIS                                                                                      100 Beckrich Road Beach
 55.02   NATIXIS                                                                                      120 Beckrich Road
    57   NATIXIS           Natixis Commercial Mortgage Funding, LLC   SWD Owner LLC                   3800 Esplanade Way
    60   NATIXIS           Natixis Commercial Mortgage Funding, LLC   DP35, LLC, 801-444 LLC          444 N. Saw Mill River Road
    93   NATIXIS           Natixis Commercial Mortgage Funding, LLC   Darshanee, LLC                  7337 Garners Ferry Road
   138   NATIXIS           Natixis Commercial Mortgage Funding, LLC   Legends of Delta Lambda, Inc.   1952 Heritage Grove Circle
   144   NATIXIS           Natixis Commercial Mortgage Funding, LLC   DP 34, LLC                      6 Schuyler Boulevard

<CAPTION>
                                                                                                                     Interest
Loan #   City                State   Zip Code   County         Property Name                  Size     Measure       Rate (%)
------   -----------------   -----   --------   ------------   ----------------------------   ------   -----------   -------------
<S>      <C>                 <C>     <C>        <C>            <C>                            <C>      <C>           <C>
    12   Alpharetta          GA         30005   Fulton         St. Joe - Windward Plaza       335498   Square Feet     6.08000
 12.01   Alpharetta          GA         30005   Fulton         300 Windward                   203248   Square Feet      6.0800
 12.02   Alpharetta          GA         30005   Fulton         100 Windward                   132250   Square Feet      6.0800
    13   Norfolk             VA         23510   Norfolk City   St. Joe - 150 W. Main          225286   Square Feet     6.26000
    26   Orlando             FL         32811   Orange         St. Joe - Millenia Park One    155888   Square Feet     6.08000
    38   Maitland            FL         32751   Orange         St. Joe - Southhall Center     159384   Square Feet     6.08000
    55   Panama City Beach   FL         32407   Bay            St. Joe - Beckrich              67108   Square Feet     6.08000
 55.01   Panama City Beach   FL         32407   Bay            Beckrich One                    33739   Square Feet      6.0800
 55.02   Panama City Beach   FL         32407   Bay            Beckrich Two                    33369   Square Feet      6.0800
    57   Tallahassee         FL         32311   Leon           St. Joe - Southwood One         88716   Square Feet     6.08000
    60   Elmsford            NY         10523   Westchester    444 Saw Mill River Road        115800   Square Feet     6.45000
    93   Columbia            SC         29209   Richland       Comfort Suites Garners Ferry       67   Rooms           5.75000
   138   Tallahassee         FL         32304   Leon           1952 Heritage Grove Circle         30   Units           6.43000
   144   Fishkill            NY         12524   Dutchess       6 Schuyler Boulevard             5400   Square Feet     6.66500

<CAPTION>

         Net Mortgage
Loan #   Interest Rate  Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date   Amort. Term   Rem. Amort.
------   ------------   ----------------   --------------   ----   ---------   -----------------   -----------   -----------
<S>      <C>            <C>                <C>              <C>    <C>         <C>                 <C>           <C>
    12        6.05923         47,634,792       47,634,792    120         119   07/05/17                    360           360
 12.01                        31,062,688       31,062,688    120         119   07/05/17                    360           360
 12.02                        16,572,104       16,572,104    120         119   07/05/17                    360           360
    13        6.23923         46,948,014       46,948,014    120         120   09/05/17                    360           360
    26        6.05923         27,996,592       27,996,592    120         119   07/05/17                    360           360
    38        6.05923         17,890,061       17,890,061    120         119   07/05/17                    360           360
    55        6.05923         12,471,934       12,471,934    120         119   07/05/17                    360           360
 55.01                         6,662,027        6,662,027    120         119   07/05/17                    360           360
 55.02                         5,809,907        5,809,907    120         119   07/05/17                    360           360
    57        6.05923         11,956,853       11,956,853    120         119   07/05/17                    360           360
    60        6.42923         11,340,000       11,340,000    120         119   07/11/17                    360           360
    93        5.71923          6,100,000        6,073,711    120         118   06/03/17                    240           238
   138        6.40923          2,500,000        2,500,000    120         120   08/05/17                    360           360
   144        6.64423          1,850,000        1,850,000     60          60   08/11/12                    300           300

<CAPTION>

         Monthly Debt   Servicing                               ARD Step
Loan #   Service        Fee Rate     Accrual Type   ARD (Y/N)   Up (%)     Title Type   Crossed Loan   Guarantor
------   ------------   ----------   ------------   ---------   --------   ----------   ------------   ----------------------------
<S>      <C>            <C>          <C>            <C>         <C>        <C>          <C>            <C>
    12        288,049      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
 12.01                               Actual/360     No                     Fee
 12.02                               Actual/360     No                     Fee
    13        289,372      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
    26        169,296      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
    38        108,182      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
    55         75,418      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
 55.01                               Actual/360     No                     Fee
 55.02                               Actual/360     No                     Fee
    57         72,304      0.02000   Actual/360     No                     Fee                         Eola Capital LLC
    60         71,304      0.02000   Actual/360     No                     Fee                         James A. Diamond
    93         42,827      0.03000   Actual/360     No                     Fee                         T.N. Patel and Dinesh Amlani
   138         15,687      0.02000   Actual/360     No                     Leasehold                   Brent Sembler
   144         12,683      0.02000   Actual/360     No                     Fee                         James A. Diamond

<CAPTION>

                                                                    UPFRONT ESCROW
                    -------------------------------------------------------------------------------------------------------------
         Letter of   Upfront CapEx   Upfront Eng.   Upfront Envir.   Upfront TI/LC   Upfront RE Tax   Upfront Ins.   Upfront Other
Loan #   Credit      Reserve         Reserve        Reserve          Reserve         Reserve          Reserve        Reserve
------   ---------  -------------   ------------   --------------   -------------   --------------   ------------   -------------
<S>      <C>        <C>             <C>            <C>              <C>             <C>              <C>            <C>

    12   No             141,680.00           0.00             0.00    1,250,000.00       405,989.64      22,090.89    1,766,050.00
 12.01
 12.02
    13   No              58,336.00           0.00             0.00    1,105,000.00        98,883.34      15,678.00       81,685.80
    26   No              50,430.00           0.00         6,250.00      970,000.00       232,086.67      23,061.33        5,496.23
    38   No              76,770.00           0.00             0.00      825,000.00       146,080.00      21,086.43       12,907.00
    55   No             118,015.00           0.00             0.00      425,000.00        49,192.83      15,846.26            0.00
 55.01
 55.02
    57   No              66,620.00           0.00             0.00      500,000.00       119,667.66      21,829.70            0.00
    60   No                   0.00       2,500.00           625.00            0.00        47,040.00       4,210.50            0.00
    93   No                   0.00           0.00             0.00            0.00        35,041.00      26,442.15       28,260.64
   138   No                   0.00           0.00             0.00            0.00             0.00       2,972.00            0.00
   144   No                   0.00           0.00           625.00            0.00             0.00         496.00            0.00

<CAPTION>

                                              MONTHLY ESCROW
        ----------------------------------------------------------------------------------------------
        Monthly Capex   Monthly Envir.   Monthly TI/LC   Monthly RE Tax   Monthly Ins.   Monthly                        Lockbox
Loan #  Reserve         Reserve          Reserve         Reserve          Reserve        Other Reserve   Grace Period   In-place
------  -------------   --------------   -------------   --------------   ------------   -------------   ------------   -------
<S>     <C>             <C>              <C>             <C>              <C>            <C>             <C>            <C>
    12        4634.56             0.00            0.00         45109.96           0.00            0.00              0   Yes
 12.01                                                                                                              0
 12.02                                                                                                              0
    13        2778.58             0.00            0.00         32961.11           0.00            0.00              0   Yes
    26        1947.34             0.00            0.00         29010.83           0.00            0.00              0   Yes
    38        1992.30             0.00            0.00         18260.00           0.00            0.00              0   Yes
    55         838.85             0.00            0.00          6149.10           0.00            0.00              0   Yes
 55.01                                                                                                              0
 55.02                                                                                                              0
    57        1113.24             0.00            0.00         14958.46           0.00            0.00              0   Yes
    60         965.00             0.00            0.00         11760.00           0.00            0.00              0   No
    93        5812.00             0.00            0.00          5840.19         988.00         2425.70              0   No
   138         750.00             0.00            0.00             0.00        2972.00            0.00              0   No
   144          85.50             0.00          675.00          2490.12           0.00            0.00              0   Yes

<CAPTION>

                                                                           Remaining
                                      Interest                  Final      Amoritization
                         Defeasance   Accrual                   Maturity   Term for
Loan #   Property Type   Permitted    Period       Loan Group   Date       Balloon Loans
------   -------------   ----------   ----------   ----------   --------   -------------
<S>     <C>             <C>          <C>          <C>          <C>        <C>
    12   Office          Yes          Actual/360            1                        360
 12.01   Office                       Actual/360            1                        360
 12.02   Office                       Actual/360            1                        360
    13   Office          Yes          Actual/360            1                        360
    26   Office          Yes          Actual/360            1                        360
    38   Office          Yes          Actual/360            1                        360
    55   Office          Yes          Actual/360            1                        360
 55.01   Office                       Actual/360            1                        360
 55.02   Office                       Actual/360            1                        360
    57   Office          Yes          Actual/360            1                        360
    60   Industrial      Yes          Actual/360            1                        360
    93   Hotel           No           Actual/360            1                        240
   138   Multifamily     Yes          Actual/360            2                        360
   144   Retail          Yes          Actual/360            1                        300

</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

            (1) No Mortgage Loan is 30 days or more delinquent in payment of
principal and interest (without giving effect to any applicable grace period in
the related Mortgage Note) and no Mortgage Loan has been 30 days or more
(without giving effect to any applicable grace period in the related Mortgage
Note) past due.

            (2) Except with respect to the ARD Loans, which provide that the
rate at which interest accrues thereon increases after the Anticipated Repayment
Date, the Mortgage Loans (exclusive of any default interest, late charges or
prepayment premiums) are fixed rate mortgage loans with terms to maturity, at
origination or as of the most recent modification, as set forth in the Mortgage
Loan Schedule.

            (3) The information pertaining to each Mortgage Loan set forth on
the Mortgage Loan Schedule is true and correct in all material respects as of
the Cut-off Date.

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of the Closing Date between the applicable Master Servicer
and Seller) and such assignment validly and effectively transfers and conveys
all legal and beneficial ownership of the Mortgage Loans to the Purchaser free
and clear of any pledge, lien, encumbrance or security interest (subject to
certain agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements permitted thereunder and that certain
Servicing Rights Purchase Agreement, dated as of the Closing Date between the
applicable Master Servicer and Seller).

            (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) as of the origination date, the Seller
(based on customary due diligence) had no knowledge, and since the origination
date, the Seller has no actual knowledge, that the related Mortgagor is a debtor
in any bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

            (6) Each Mortgage Loan is secured by the related Mortgage which
establishes and creates a valid and subsisting first priority lien on the
related Mortgaged Property, or leasehold interest therein, comprising real
estate, free and clear of any liens, claims, encumbrances, participation
interests, pledges, charges or security interests subject only to Permitted
Encumbrances. Such Mortgage, together with any separate security agreement, UCC
Financing Statement or similar agreement, if any, establishes and creates a
first priority security interest in favor of the Seller in all personal property
owned by the Mortgagor that is used in, and is reasonably necessary to, the
operation of the related Mortgaged Property and, to the extent a security
interest may be created therein and perfected by the filing of a UCC Financing
Statement under the Uniform Commercial Code as in effect in the relevant
jurisdiction, the proceeds arising from the Mortgaged Property and other
collateral securing such Mortgage Loan, subject only to Permitted Encumbrances.
There exists with respect to such Mortgaged Property an assignment of leases and
rents provision, either as part of the related Mortgage or as a separate
document or instrument, which establishes and creates a first priority security
interest in and to leases and rents arising in respect of the related Mortgaged
Property, subject only to Permitted Encumbrances. Except for the holder of the
Companion Loan with respect to the AB Mortgage Loans, to the Seller's knowledge,
no person other than the related Mortgagor and the mortgagee own any interest in
any payments due under the related leases. The related Mortgage or such
assignment of leases and rents provision provides for the appointment of a
receiver for rents or allows the holder of the related Mortgage to enter into
possession of the related Mortgaged Property to collect rent or provides for
rents to be paid directly to the holder of the related Mortgage in the event of
a default beyond applicable notice and grace periods, if any, under the related
Mortgage Loan documents. As of the origination date, there were, and, to the
Seller's actual knowledge as of the Closing Date, there are, no mechanics' or
other similar liens or claims which have been filed for work, labor or materials
affecting the related Mortgaged Property which are or may be prior or equal to
the lien of the Mortgage, except those that are bonded or escrowed for or which
are insured against pursuant to the applicable Title Insurance Policy (as
defined below) and except for Permitted Encumbrances. No (a) Mortgaged Property
secures any mortgage loan not represented on the Mortgage Loan Schedule other
than a Companion Loan, (b) Mortgage Loan is cross-collateralized or
cross-defaulted with any other mortgage loan, other than a Mortgage Loan listed
on the Mortgage Loan Schedule or a Companion Loan, or (c) Mortgage Loan is
secured by property that is not a Mortgaged Property. Notwithstanding the
foregoing, no representation is made as to the perfection of any security
interest in rent, operating revenues or other personal property to the extent
that possession or control of such items or actions other than the recordation
of the Mortgage or the Assignment of Leases and Rents or the filing of UCC
Financing Statements are required in order to effect such perfection.

            (7) The related Mortgagor under each Mortgage Loan has good and
indefeasible fee simple or, with respect to those Mortgage Loans described in
clause (20) hereof, leasehold title to the related Mortgaged Property comprising
real estate subject to any Permitted Encumbrances.

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned or otherwise approved by
the Title Insurer or its authorized agent) as adopted in the applicable
jurisdiction (the "Title Insurance Policy"), which was issued by a nationally
recognized title insurance company (the "Title Insurer") qualified to do
business in the jurisdiction where the applicable Mortgaged Property is located
(unless such jurisdiction is the State of Iowa), covering the portion of each
Mortgaged Property comprised of real estate and insuring that the related
Mortgage is a valid first lien in the original principal amount of the related
Mortgage Loan on the Mortgagor's fee simple interest (or, if applicable,
leasehold interest) in such Mortgaged Property comprised of real estate, subject
only to Permitted Encumbrances. Such Title Insurance Policy was issued in
connection with the origination of the related Mortgage Loan. No claims have
been made under such Title Insurance Policy. Such Title Insurance Policy is in
full force and effect and all premiums thereon have been paid and will provide
that the insured includes the owner of the Mortgage Loan and its successors
and/or assigns. No holder of the related Mortgage has done, by act or omission,
anything that would, and the Seller has no actual knowledge of any other
circumstance that would, impair the coverage under such Title Insurance Policy.

            (9) The related Assignment of Mortgage and the related assignment of
the Assignment of Leases and Rents executed in connection with each Mortgage, if
any, have been recorded in the applicable jurisdiction (or, if not recorded,
have been submitted for recording or are in recordable form (but for the
insertion of the name and address of the assignee and any related recording
information which is not yet available to the Seller)) and constitute the legal,
valid and binding assignment of such Mortgage and the related Assignment of
Leases and Rents from the Seller to the Purchaser. The endorsement of the
related Mortgage Note by the Seller constitutes the legal, valid, binding and
enforceable (except as such enforcement may be limited by anti-deficiency laws
or bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or other similar laws affecting the enforcement of creditors' rights
generally, and by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law)) assignment of
such Mortgage Note, and together with such Assignment of Mortgage and the
related assignment of Assignment of Leases and Rents, legally and validly
conveys all right, title and interest in such Mortgage Loan and Mortgage Loan
documents to the Purchaser.

            (10) (a) The Mortgage Loan documents for each Mortgage Loan provide
that such Mortgage Loan is non-recourse to the related parties thereto except
that the related Mortgagor and at least one individual or entity shall be fully
liable for actual losses, liabilities, costs and damages arising from certain
acts of the related Mortgagor and/or its principals specified in the related
Mortgage Loan documents, which acts generally include the following: (i) fraud
or intentional material misrepresentation, (ii) misapplication or
misappropriation of rents, insurance proceeds or condemnation awards, (iii)
either (x) any act of actual waste by or (y) damage or destruction to the
Mortgaged Property caused by the acts or omissions of the borrower, its agents,
employees or contractors, and (iv) any breach of the environmental covenants
contained in the related Mortgage Loan documents.

            (b) The Mortgage Loan documents for each Mortgage Loan contain
      enforceable provisions such as to render the rights and remedies of the
      holder thereof adequate for the practical realization against the
      Mortgaged Property of the principal benefits of the security intended to
      be provided thereby, including realization by judicial or, if applicable,
      non judicial foreclosure, and there is no exemption available to the
      related Mortgagor which would interfere with such right of foreclosure
      except any statutory right of redemption or as may be limited by
      anti-deficiency or one form of action laws or by bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other similar
      laws affecting the enforcement of creditors' rights generally, and by
      general principles of equity (regardless of whether such enforcement is
      considered in a proceeding in equity or at law).

            (c) Each of the related Mortgage Notes and Mortgages are the legal,
      valid and binding obligations of the related Mortgagor named on the
      Mortgage Loan Schedule and each of the other related Mortgage Loan
      documents is the legal, valid and binding obligation of the parties
      thereto (subject to any non recourse provisions therein), enforceable in
      accordance with its terms, except as such enforcement may be limited by
      anti-deficiency or one form of action laws or bankruptcy, receivership,
      conservatorship, reorganization, insolvency, moratorium or other similar
      laws affecting the enforcement of creditors' rights generally, and by
      general principles of equity (regardless of whether such enforcement is
      considered in a proceeding in equity or at law), and except that certain
      provisions of such Mortgage Loan documents are or may be unenforceable in
      whole or in part under applicable state or federal laws, but the inclusion
      of such provisions does not render any of the Mortgage Loan documents
      invalid as a whole, and such Mortgage Loan documents taken as a whole are
      enforceable to the extent necessary and customary for the practical
      realization of the principal rights and benefits afforded thereby.

            (d) The terms of the Mortgage Loans or the related Mortgage Loan
      documents, have not been altered, impaired, modified or waived in any
      material respect, except prior to the Cut-off Date by written instrument
      duly submitted for recordation, to the extent required, and as
      specifically set forth in the related Mortgage File.

            (e) With respect to each Mortgage which is a deed of trust, a
      trustee, duly qualified under applicable law to serve as such, currently
      so serves and is named in the deed of trust or may be substituted in
      accordance with applicable law, and no fees or expenses are or will become
      payable to the trustee under the deed of trust, except in connection with
      a trustee's sale after default by the Mortgagor and de minimis fees paid
      in connection with the release of the related Mortgaged Property or
      related security for such Mortgage Loan following payment of such Mortgage
      Loan in full.

            (11) Except by a written instrument that has been delivered to the
Purchaser as a part of the related Mortgage File with respect to any immaterial
releases of the Mortgaged Property, no Mortgage Loan has been satisfied,
canceled, subordinated, released or rescinded, in whole or in part, and the
related Mortgagor has not been released, in whole or in part, from its
obligations under any related Mortgage Loan document.

            (12) Except with respect to the enforceability of any provisions
requiring the payment of default interest, late fees, additional interest,
prepayment premiums or yield maintenance charges, neither the Mortgage Loan nor
any of the related Mortgage Loan documents is subject to any right of
rescission, set off, abatement, diminution, valid counterclaim or defense,
including the defense of usury, nor will the operation of any of the terms of
any such Mortgage Loan documents, or the exercise (in compliance with procedures
permitted under applicable law) of any right thereunder, render any Mortgage
Loan documents subject to any right of rescission, set off, abatement,
diminution, valid counterclaim or defense, including the defense of usury
(subject to anti-deficiency or one form of action laws and to bankruptcy,
receivership, conservatorship, reorganization, insolvency, moratorium or other
similar laws affecting the enforcement of creditor's rights generally and to
general principles of equity (regardless of whether such enforcement is
considered in a proceeding in equity or at law)), and no such right of
rescission, set off, abatement, diminution, valid counterclaim or defense has
been asserted with respect thereto. None of the Mortgage Loan documents provides
for a release of a portion of the Mortgaged Property from the lien of the
Mortgage except upon payment or defeasance in full of all obligations under the
Mortgage, provided that, notwithstanding the foregoing, certain of the Mortgage
Loans may allow partial release (a) upon payment or defeasance of an Allocated
Loan Amount which may be formula based, but in no event less than 125% of the
Allocated Loan Amount, or (b) in the event the portion of the Mortgaged Property
being released was not given any material value in connection with the
underwriting or appraisal of the related Mortgage Loan.

            (13) As of the Closing Date, there is no payment default, after
giving effect to any applicable notice and/or grace period, and, to the Seller's
knowledge, as of the Closing Date, there is no other material default under any
of the related Mortgage Loan documents, after giving effect to any applicable
notice and/or grace period; no such material default or breach has been waived
by the Seller or on its behalf or, to the Seller's knowledge, by the Seller's
predecessors in interest with respect to the Mortgage Loans; and, to the
Seller's actual knowledge, no event has occurred which, with the passing of time
or giving of notice would constitute a material default or breach; provided,
however, that the representations and warranties set forth in this sentence do
not cover any default, breach, violation or event of acceleration that
specifically pertains to or arises out of any subject matter otherwise covered
by any other representation or warranty made by the Seller in this Exhibit B. No
Mortgage Loan has been accelerated and no foreclosure proceeding or power of
sale proceeding has been initiated under the terms of the related Mortgage Loan
documents. The Seller has not waived any material claims against the related
Mortgagor under any non-recourse exceptions contained in the Mortgage Note.

            (14) (a) The principal amount of the Mortgage Loan stated on the
Mortgage Loan Schedule has been fully disbursed as of the Closing Date (except
for certain amounts that were fully disbursed by the mortgagee, but were
escrowed pursuant to the terms of the related Mortgage Loan documents) and there
are no future advances required to be made by the mortgagee under any of the
related Mortgage Loan documents. Any requirements under the related Mortgage
Loan documents regarding the completion of any on-site or off-site improvements
and to disbursements of any escrow funds therefor have been or are being
complied with or such escrow funds are still being held. The value of the
Mortgaged Property relative to the value reflected in the most recent appraisal
thereof is not materially impaired by any improvements which have not been
completed. The Seller has not, nor, to the Seller's knowledge, have any of its
agents or predecessors in interest with respect to the Mortgage Loan, in respect
of payments due on the related Mortgage Note or Mortgage, directly or
indirectly, advanced funds or induced, solicited or knowingly received any
advance of funds by a party other than the Mortgagor other than (a) interest
accruing on such Mortgage Loan from the date of such disbursement of such
Mortgage Loan to the date which preceded by thirty (30) days the first payment
date under the related Mortgage Note and (b) application and commitment fees,
escrow funds, points and reimbursements for fees and expenses, incurred in
connection with the origination and funding of the Mortgage Loan.

            (b) No Mortgage Loan has capitalized interest included in its
      principal balance, or provides for any shared appreciation rights or other
      equity participation therein and no contingent or additional interest
      contingent on cash flow or negative amortization (other than with respect
      to the deferment of payment with respect to ARD Loans) is due thereon.

            (c) Each Mortgage Loan identified in the Mortgage Loan Schedule as
      an ARD Loan starts to amortize no later than the Due Date of the calendar
      month immediately after the calendar month in which such ARD Loan closed
      and substantially fully amortizes over its stated term, which term is at
      least 60 months after the related Anticipated Repayment Date. Each ARD
      Loan has an Anticipated Repayment Date not less than seven years following
      the origination of such Mortgage Loan. If the related Mortgagor elects not
      to prepay its ARD Loan in full on or prior to the Anticipated Repayment
      Date pursuant to the existing terms of the Mortgage Loan or a unilateral
      option (as defined in Treasury Regulations under Section 1001 of the Code)
      in the Mortgage Loan exercisable during the term of the Mortgage Loan, (i)
      the Mortgage Loan's interest rate will step up to an interest rate per
      annum as specified in the related Mortgage Loan documents; provided,
      however, that payment of such Excess Interest shall be deferred until the
      principal of such ARD Loan has been paid in full; (ii) all or a
      substantial portion of the Excess Cash Flow (which is net of certain costs
      associated with owning, managing and operating the related Mortgaged
      Property) collected after the Anticipated Repayment Date shall be applied
      towards the prepayment of such ARD Loan and once the principal balance of
      an ARD Loan has been reduced to zero all Excess Cash Flow will be applied
      to the payment of accrued Excess Interest; and (iii) if the property
      manager for the related Mortgaged Property can be removed by or at the
      direction of the mortgagee on the basis of a debt service coverage test,
      the subject debt service coverage ratio shall be calculated without taking
      account of any increase in the related Mortgage Interest Rate on such
      Mortgage Loan's Anticipated Repayment Date. No ARD Loan provides that the
      property manager for the related Mortgaged Property can be removed by or
      at the direction of the mortgagee solely because of the passage of the
      related Anticipated Repayment Date.

            (d) Each Mortgage Loan identified in the Mortgage Loan Schedule as
      an ARD Loan with a hard lockbox requires that tenants at the related
      Mortgaged Property shall (and each Mortgage Loan identified in the
      Mortgage Loan Schedule as an ARD Loan with a springing lockbox requires
      that tenants at the related Mortgaged Property shall, upon the occurrence
      of a specified trigger event, including, but not limited to, the
      occurrence of the related Anticipated Repayment Date) make rent payments
      into a lockbox controlled by the holder of the Mortgage Loan and to which
      the holder of the Mortgage Loan has a first perfected security interest;
      provided, however, with respect to each ARD Loan which is secured by a
      multi-family property with a hard lockbox, or with respect to each ARD
      Loan which is secured by a multi-family property with a springing lockbox,
      upon the occurrence of a specified trigger event, including, but not
      limited to, the occurrence of the related Anticipated Repayment Date,
      tenants either pay rents to a lockbox controlled by the holder of the
      Mortgage Loan or deposit rents with the property manager who will then
      deposit the rents into a lockbox controlled by the holder of the Mortgage
      Loan.

            (15) The terms of the Mortgage Loan documents evidencing such
Mortgage Loan comply in all material respects with all applicable local, state
and federal laws and regulations, and the Seller has complied with all material
requirements pertaining to the origination of the Mortgage Loans, including but
not limited to, usury and any and all other material requirements of any
federal, state or local law to the extent non-compliance would have a material
adverse effect on the Mortgage Loan.

            (16) To the Seller's knowledge and subject to clause (37) hereof, as
of the date of origination of the Mortgage Loan, based on inquiry customary in
the industry, the related Mortgaged Property was, and to the Seller's actual
knowledge and subject to clause (37) hereof, as of the Closing Date, the related
Mortgaged Property is, in all material respects, in compliance with, and is used
and occupied in accordance with, all restrictive covenants of record applicable
to such Mortgaged Property and applicable zoning laws and all inspections,
licenses, permits and certificates of occupancy required by law, ordinance or
regulation to be made or issued with regard to the Mortgaged Property have been
obtained and are in full force and effect, except to the extent (a) any material
non-compliance with applicable zoning laws is insured by an ALTA lender's title
insurance policy (or binding commitment therefor), or the equivalent as adopted
in the applicable jurisdiction, or a law and ordinance insurance policy, or (b)
the failure to obtain or maintain such inspections, licenses, permits or
certificates of occupancy does not materially impair or materially and adversely
affect the use and/or operation of the Mortgaged Property as it was used and
operated as of the date of origination of the Mortgage Loan or the rights of a
holder of the related Mortgage Loan.

            (17) All (a) taxes, water charges, sewer rents, assessments or other
similar outstanding governmental charges and governmental assessments which
became due and owing prior to the Closing Date in respect of the related
Mortgaged Property (excluding any related personal property), and if left
unpaid, would be, or might become, a lien on such Mortgaged Property having
priority over the related Mortgage and (b) insurance premiums or ground rents
which became due and owing prior to the Closing Date in respect of the related
Mortgaged Property (excluding any related personal property), have been paid, or
if disputed, or if such amounts are not delinquent prior to the Closing Date, an
escrow of funds in an amount sufficient (together with escrow payments required
to be made prior to delinquency) to cover such taxes and assessments and any
late charges due in connection therewith has been established. As of the date of
origination, the related Mortgaged Property was one or more separate and
complete tax parcels. For purposes of this representation and warranty, the
items identified herein shall not be considered due and owing until the date on
which interest or penalties would be first payable thereon.

            (18) To the Seller's knowledge based on surveys or the Title
Insurance Policy, (i) none of the material improvements that were included for
the purpose of determining the appraised value of the related Mortgaged Property
at the time of the origination of such Mortgage Loan lies outside the boundaries
and building restriction lines of such Mortgaged Property, except to the extent
they are legally nonconforming as contemplated by representation (37) below, and
(ii) no improvements on adjoining properties encroach upon such Mortgaged
Property, except in the case of either (i) or (ii) for (a) immaterial
encroachments which do not materially adversely affect the security intended to
be provided by the related Mortgage or the use, enjoyment, value or
marketability of such Mortgaged Property or (b) encroachments affirmatively
covered by the related Title Insurance Policy. With respect to each Mortgage
Loan, the property legally described in the survey, if any, obtained for the
related Mortgaged Property for purposes of the origination thereof is the same
as the property legally described in the Mortgage.

            (19) (a) Except with respect to repairs estimated to cost less than
$5,000 in the aggregate, as of the date of the applicable engineering report
(which was performed within 12 months prior to the Cut-off Date) related to the
Mortgaged Property and, to Seller's knowledge as of the Closing Date, the
related Mortgaged Property is either (i) in good repair, free and clear of any
damage that would materially adversely affect the value of such Mortgaged
Property as security for such Mortgage Loan or the use and operation of the
Mortgaged Property as it was being used or operated as of the origination date
or (ii) escrows in an amount consistent with the standard utilized by the Seller
with respect to similar loans it holds for its own account have been
established, which escrows will in all events be not less than 100% of the
estimated cost of the required repairs. Since the origination date, to the
Seller's actual knowledge, such Mortgaged Property has not been damaged by fire,
wind or other casualty or physical condition that would materially and adversely
affect its value as security for the related Mortgage Loan (including, without
limitation, any soil erosion or subsidence or geological condition), which
damage has not been fully repaired or fully insured, or for which escrows in an
amount consistent with the standard utilized by the Seller with respect to loans
it holds for its own account have not been established.

            (b) As of the origination date of such Mortgage Loan and to the
      Seller's actual knowledge, as of the Closing Date, there are no
      proceedings pending or, to the Seller's actual knowledge, threatened, for
      the partial or total condemnation of the relevant Mortgaged Property.

            (20) The Mortgage Loans that are identified on Exhibit A as being
secured in whole or in part by a leasehold estate (a "Ground Lease") (except
with respect to any Mortgage Loan also secured by the related fee interest in
the Mortgaged Property) satisfy the following conditions:

            (a) such Ground Lease or a memorandum thereof has been or will be
      duly recorded; such Ground Lease or other agreement received by the
      originator of the Mortgage Loan from the ground lessor, provides that the
      interest of the lessee thereunder may be encumbered by the related
      Mortgage and does not restrict the use of the related Mortgaged Property
      by such lessee, its successors or assigns, in a manner that would
      materially and adversely affect the security provided by the Mortgage; as
      of the date of origination of the Mortgage Loan, there was no material
      change of record in the terms of such Ground Lease with the exception of
      written instruments which are part of the related Mortgage File and Seller
      has no knowledge of any material change in the terms of such Ground Lease
      since the recordation of the related Mortgage, with the exception of
      written instruments which are part of the related Mortgage File;

            (b) such Ground Lease or such other agreement received by the
      originator of the Mortgage Loan from the ground lessor is not subject to
      any liens or encumbrances superior to, or of equal priority with, the
      related Mortgage, other than the related fee interest and Permitted
      Encumbrances and such Ground Lease or such other agreement received by the
      originator of the Mortgage Loan from the ground lessor is, and shall
      remain, prior to any mortgage or other lien upon the related fee interest
      (other than the Permitted Encumbrances) unless a nondisturbance agreement
      is obtained from the holder of any mortgage on the fee interest which is
      assignable to or for the benefit of the related lessee and the related
      mortgagee;

            (c) such Ground Lease or other agreement provides that upon
      foreclosure of the related Mortgage or assignment of the Mortgagor's
      interest in such Ground Lease in lieu thereof, the mortgagee under such
      Mortgage is entitled to become the owner of such interest upon notice to,
      but without the consent of, the lessor thereunder and, in the event that
      such mortgagee (or any of its successors and assigns under the Mortgage)
      becomes the owner of such interest, such interest is further assignable by
      such mortgagee (or any of its successors and assigns under the Mortgage)
      upon notice to such lessor, but without a need to obtain the consent of
      such lessor;

            (d) such Ground Lease is in full force and effect and no default of
      tenant or ground lessor was in existence at origination, or to the
      Seller's knowledge, is in existence as of the Closing Date, under such
      Ground Lease, nor at origination was, or to the Seller's knowledge, is
      there any condition which, but for the passage of time or the giving of
      notice, would result in a default under the terms of such Ground Lease;
      either such Ground Lease or a separate agreement contains the ground
      lessor's covenant that it shall not amend, modify, cancel or terminate
      such Ground Lease without the prior written consent of the mortgagee under
      such Mortgage and any amendment, modification, cancellation or termination
      of the Ground Lease without the prior written consent of the related
      mortgagee, or its successors or assigns is not binding on such mortgagee,
      or its successor or assigns;

            (e) such Ground Lease or other agreement requires the lessor
      thereunder to give written notice of any material default by the lessee to
      the mortgagee under the related Mortgage, provided that such mortgagee has
      provided the lessor with notice of its lien in accordance with the
      provisions of such Ground Lease; and such Ground Lease or other agreement
      provides that no such notice of default and no termination of the Ground
      Lease in connection with such notice of default shall be effective against
      such mortgagee unless such notice of default has been given to such
      mortgagee and any related Ground Lease or other agreement contains the
      ground lessor's covenant that it will give to the related mortgagee, or
      its successors or assigns, any notices it sends to the Mortgagor;

            (f) either (i) the related ground lessor has subordinated its
      interest in the related Mortgaged Property to the interest of the holder
      of the Mortgage Loan or (ii) such Ground Lease or other agreement provides
      that (A) the mortgagee under the related Mortgage is permitted a
      reasonable opportunity to cure any default under such Ground Lease which
      is curable, including reasonable time to gain possession of the interest
      of the lessee under the Ground Lease, after the receipt of notice of any
      such default before the lessor thereunder may terminate such Ground Lease;
      (B) in the case of any such default which is not curable by such
      mortgagee, or in the event of the bankruptcy or insolvency of the lessee
      under such Ground Lease, such mortgagee has the right, following
      termination of the existing Ground Lease or rejection thereof by a
      bankruptcy trustee or similar party, to enter into a new ground lease with
      the lessor on substantially the same terms as the existing Ground Lease;
      and (C) all rights of the Mortgagor under such Ground Lease (insofar as it
      relates to the Ground Lease) may be exercised by or on behalf of such
      mortgagee under the related Mortgage upon foreclosure or assignment in
      lieu of foreclosure;

            (g) such Ground Lease has an original term (or an original term plus
      one or more optional renewal terms that under all circumstances may be
      exercised, and will be enforceable, by the mortgagee or its assignee)
      which extends not less than 20 years beyond the stated maturity date of
      the related Mortgage Loan;

            (h) under the terms of such Ground Lease and the related Mortgage,
      taken together, any related insurance proceeds will be applied either to
      the repair or restoration of all or part of the related Mortgaged
      Property, with the mortgagee under such Mortgage or a financially
      responsible institution acting as trustee appointed by it, or consented to
      by it, or by the lessor having the right to hold and disburse such
      proceeds as the repair or restoration progresses (except in such cases
      where a provision entitling another party to hold and disburse such
      proceeds would not be viewed as commercially unreasonable by a prudent
      commercial mortgage lender), or to the payment in whole or in part of the
      outstanding principal balance of such Mortgage Loan together with any
      accrued and unpaid interest thereon; and

            (i) such Ground Lease does not impose any restrictions on subletting
      which would be viewed as commercially unreasonable by the Seller; such
      Ground Lease contains a covenant (or applicable laws provide) that the
      lessor thereunder is not permitted, in the absence of an uncured default,
      to disturb the possession, interest or quiet enjoyment of any lessee in
      the relevant portion of such Mortgaged Property subject to such Ground
      Lease for any reason, or in any manner, which would materially adversely
      affect the security provided by the related Mortgage.

            (21) (a) Except for those Mortgage Loans set forth on Schedule I
hereto for which a lender's environmental insurance policy was obtained in lieu
of an Environmental Site Assessment, an Environmental Site Assessment relating
to each Mortgaged Property and prepared no earlier than 12 months prior to the
Closing Date was obtained and reviewed by the Seller in connection with the
origination of such Mortgage Loan and a copy is included in the Servicing File.

            (b) Such Environmental Site Assessment does not identify, and the
      Seller has no actual knowledge of, any adverse circumstances or conditions
      with respect to or affecting the Mortgaged Property that would constitute
      or result in a material violation of any Environmental Laws, other than
      with respect to a Mortgaged Property (i) for which environmental insurance
      (as set forth on Schedule II hereto) is maintained, or (ii) which would
      require any expenditure greater than 5% of the outstanding principal
      balance of such Mortgage Loan to achieve or maintain compliance in all
      material respects with any Environmental Laws for which adequate sums, but
      in no event less than 125% of the estimated cost as set forth in the
      Environmental Site Assessment, were reserved in connection with the
      origination of the Mortgage Loan and for which the related Mortgagor has
      covenanted to perform, or (iii) as to which the related Mortgagor or one
      of its affiliates is currently taking or required to take such actions
      (which may be the implementation of an operations and maintenance plan),
      if any, with respect to such conditions or circumstances as have been
      recommended by the Environmental Site Assessment or required by the
      applicable governmental authority, or (iv) as to which another responsible
      party not related to the Mortgagor with assets reasonably estimated by the
      Seller at the time of origination to be sufficient to effect all necessary
      or required remediation identified in a notice or other action from the
      applicable governmental authority is currently taking or required to take
      such actions, if any, with respect to such regulatory authority's order or
      directive, or (v) as to which such conditions or circumstances identified
      in the Environmental Site Assessment were investigated further and based
      upon such additional investigation, an environmental consultant
      recommended no further investigation or remediation, or (vi) as to which a
      party with financial resources reasonably estimated to be adequate to cure
      the condition or circumstance provided a guaranty or indemnity to the
      related Mortgagor or to the mortgagee to cover the costs of any required
      investigation, testing, monitoring or remediation, or (vii) as to which
      the related Mortgagor or other responsible party obtained a "No Further
      Action" letter or other evidence reasonably acceptable to a prudent
      commercial mortgage lender that applicable federal, state, or local
      governmental authorities had no current intention of taking any action,
      and are not requiring any action, in respect of such condition or
      circumstance, or (viii) which would not require substantial cleanup,
      remedial action or other extraordinary response under any Environmental
      Laws reasonably estimated to cost in excess of 5% of the outstanding
      principal balance of such Mortgage Loan.

            (c) To the Seller's actual knowledge and in reliance upon the
      Environmental Site Assessment, except for any Hazardous Materials being
      handled in accordance with applicable Environmental Laws and except for
      any Hazardous Materials present at such Mortgaged Property for which, to
      the extent that an Environmental Site Assessment recommends remediation or
      other action, (A) there exists either (i) environmental insurance with
      respect to such Mortgaged Property (as set forth on Schedule II hereto) or
      (ii) an amount in an escrow account pledged as security for such Mortgage
      Loan under the relevant Mortgage Loan documents equal to no less than 125%
      of the amount estimated in such Environmental Site Assessment as
      sufficient to pay the cost of such remediation or other action in
      accordance with such Environmental Site Assessment or (B) one of the
      statements set forth in clause (b) above is true, (1) such Mortgaged
      Property is not being used for the treatment or disposal of Hazardous
      Materials; (2) no Hazardous Materials are being used or stored or
      generated for off-site disposal or otherwise present at such Mortgaged
      Property other than Hazardous Materials of such types and in such
      quantities as are customarily used or stored or generated for off-site
      disposal or otherwise present in or at properties of the relevant property
      type; and (3) such Mortgaged Property is not subject to any environmental
      hazard (including, without limitation, any situation involving Hazardous
      Materials) which under the Environmental Laws would have to be eliminated
      before the sale of, or which could otherwise reasonably be expected to
      adversely affect in more than a de minimis manner the value or
      marketability of, such Mortgaged Property.

            (d) The related Mortgage or other Mortgage Loan documents contain
      covenants on the part of the related Mortgagor requiring its compliance
      with any present or future federal, state and local Environmental Laws and
      regulations in connection with the Mortgaged Property. The related
      Mortgagor (or an affiliate thereof) has agreed to indemnify, defend and
      hold the Seller, and its successors and assigns, harmless from and against
      any and all losses, liabilities, damages, penalties, fines, expenses and
      claims of whatever kind or nature (including attorneys' fees and costs)
      imposed upon or incurred by or asserted against any such party resulting
      from a breach of the environmental representations, warranties or
      covenants given by the related Mortgagor in connection with such Mortgage
      Loan.

            (e) Each of the Mortgage Loans which is covered by a lender's
      environmental insurance policy obtained in lieu of an Environmental Site
      Assessment ("In Lieu of Policy") is identified on Schedule I, and each In
      Lieu of Policy is in an amount equal to 125% of the outstanding principal
      balance of the related Mortgage Loan and has a term ending no sooner than
      the maturity date (or, in the case of an ARD Loan, the final maturity
      date) of the related Mortgage Loan. All environmental assessments or
      updates that were in the possession of the Seller and that relate to a
      Mortgaged Property identified on Schedule I as being insured by an In Lieu
      of Policy have been delivered to or disclosed to the In Lieu of Policy
      carrier issuing such policy prior to the issuance of such policy.

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received (1) any notice of non payment of
premiums that has not been cured in a timely manner by the related Mortgagor or
(2) any notice of cancellation or termination of such Insurance Policies. The
relevant Servicing File contains the Insurance Policy required for such Mortgage
Loan or a certificate of insurance for such Insurance Policy. Each Mortgage
requires that the related Mortgaged Property and all improvements thereon are
covered by Insurance Policies providing (a) coverage in the amount of the lesser
of full replacement cost of such Mortgaged Property and the outstanding
principal balance of the related Mortgage Loan (subject to customary
deductibles) for losses sustained by fire and against loss or damage by other
risks and hazards covered by a standard extended coverage insurance policy
providing "special" form coverage in an amount sufficient to prevent the
Mortgagor from being deemed a co-insurer and to provide coverage on a full
replacement cost basis of such Mortgaged Property (in some cases exclusive of
excavations, underground utilities, foundations and footings) with an agreed
amount endorsement to avoid application of any coinsurance provision; such
policies contain a standard mortgage clause naming mortgagee and its successor
in interest as additional insureds or loss payee, as applicable; (b) business
interruption or rental loss insurance in an amount at least equal to (i) 12
months of operations or (ii) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (c)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not less than amounts prescribed by FEMA; (d)
workers' compensation, if required by law; (e) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. The related Mortgaged Property is
insured by an Insurance Policy, issued by an insurer meeting the requirements of
such Mortgage Loan and having a claims-paying or financial strength rating of at
least "A-:V" from A.M. Best Company or "A-" (or the equivalent) from Standard &
Poor's Ratings Services, Fitch, Inc. or Moody's Investors Service, Inc. An
architectural or engineering consultant has performed an analysis of each of the
Mortgaged Properties located in seismic zones 3 or 4 in order to evaluate the
structural and seismic condition of such property, for the sole purpose of
assessing the probable maximum loss ("PML") for the Mortgaged Property in the
event of an earthquake. In such instance, the PML was based on a return period
of not less than 100 years, an exposure period of 50 years and a 10% probability
of exceedence. If the resulting report concluded that the PML would exceed 20%
of the amount of the replacement costs of the improvements, earthquake insurance
on such Mortgaged Property was obtained by an insurer rated at least "A-:V" by
A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's Ratings
Services, Fitch, Inc. or Moody's Investors Service, Inc. To the Seller's actual
knowledge, the insurer issuing each of the foregoing insurance policies is
qualified to write insurance in the jurisdiction where the related Mortgaged
Property is located.

            (23) All amounts required to be deposited by each Mortgagor at
origination under the related Mortgage Loan documents have been deposited or
have been withheld from the related Mortgage Loan proceeds at origination and
there are no deficiencies with regard thereto.

            (24) Whether or not a Mortgage Loan was originated by the Seller, to
the Seller's knowledge, with respect to each Mortgage Loan originated by the
Seller and each Mortgage Loan originated by any Person other than the Seller, as
of the date of origination of the related Mortgage Loan, and, to the Seller's
actual knowledge, with respect to each Mortgage Loan originated by the Seller
and any prior holder of the Mortgage Loan, as of the Closing Date, there are no
actions, suits, arbitrations or governmental investigations or proceedings by or
before any court or other governmental authority or agency now pending against
or affecting the Mortgagor under any Mortgage Loan or any of the Mortgaged
Properties which, if determined against such Mortgagor or such Mortgaged
Property, would materially and adversely affect the value of such Mortgaged
Property, the security intended to be provided with respect to the related
Mortgage Loan, or the ability of such Mortgagor and/or the current use of such
Mortgaged Property to generate net cash flow to pay principal, interest and
other amounts due under the related Mortgage Loan; and to the Seller's actual
knowledge there are no such actions, suits or proceedings threatened against
such Mortgagor.

            (25) Each Mortgage Loan complied at origination, in all material
respects, with all of the terms, conditions and requirements of the Seller, or
if the Seller is not the originator, then, to the knowledge of the Seller, the
originator's or the Seller's, underwriting standards applicable to such Mortgage
Loan and since origination, the Mortgage Loan has been serviced in all material
respects in a legal manner in conformance with customary industry standards.

            (26) The originator of the Mortgage Loan or the Seller has inspected
or caused to be inspected each related Mortgaged Property within the 12 months
prior to the Closing Date.

            (27) The Mortgage Loan documents require the Mortgagor to provide
the holder of the Mortgage Loan with at least annual operating statements,
financial statements and except for Mortgage Loans for which the related
Mortgaged Property is leased to a single tenant, rent rolls.

            (28) All escrow deposits and payments required by the terms of each
Mortgage Loan are in the possession, or under the control of the Seller (except
to the extent they have been disbursed for their intended purposes), and all
amounts required to be deposited by the applicable Mortgagor under the related
Mortgage Loan documents have been deposited, and there are no deficiencies with
regard thereto (subject to any applicable notice and cure period). All of the
Seller's interest in such escrows and deposits will be conveyed by the Seller to
the Purchaser hereunder.

            (29) No two or more Mortgage Loans representing, in the aggregate,
more than 5% of the aggregate outstanding principal amount of all the mortgage
loans included in the Trust Fund have the same Mortgagor or, to the Seller's
knowledge, are to Mortgagors which are entities controlled by one another or
under common control.

            (30) Each Mortgagor with respect to a Mortgage Loan with a principal
balance as of the Cut-off Date in excess of $15,000,000 included in the Trust
Fund is an entity whose organizational documents or related Mortgage Loan
documents provide that it is, and at least so long as the Mortgage Loan is
outstanding will continue to be, a Single Purpose Entity. For this purpose,
"Single Purpose Entity" shall mean a Person, other than an individual, whose
organizational documents or related Mortgage Loan documents provide that it
shall engage solely in the business of owning and operating the Mortgaged
Property and which does not engage in any business unrelated to such property
and the financing thereof, does not have any assets other than those related to
its interest in the Mortgaged Property or the financing thereof or any
indebtedness other than as permitted by the related Mortgage or the other
Mortgage Loan documents, and the organizational documents of which require that
it have its own separate books and records and its own accounts, in each case
which are separate and apart from the books and records and accounts of any
other Person.

            (31) The gross proceeds of each Mortgage Loan to the related
Mortgagor at origination did not exceed the non-contingent principal amount of
the Mortgage Loan and either: (a) such Mortgage Loan is secured by an interest
in real property having a fair market value (i) at the date the Mortgage Loan
was originated at least equal to 80% of the original principal balance of the
Mortgage Loan or (ii) at the Closing Date at least equal to 80% of the original
principal balance of the Mortgage Loan on such date; provided that for purposes
hereof, the fair market value of the real property interest must first be
reduced by (A) the amount of any lien on the real property interest that is
senior to the Mortgage Loan and (B) a proportionate amount of any lien that is
in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan
that is cross-collateralized with such Mortgage Loan, in which event the
computation described in sub-clauses (a)(i) and (a)(ii) of this clause (31)
shall be made on a pro rata basis in accordance with the fair market values of
the Mortgaged Properties securing such cross-collateralized Mortgage Loan); or
(b) substantially all the proceeds of such Mortgage Loan were used to acquire,
improve or protect the real property which served as the only security for such
Mortgage Loan (other than a recourse feature or other third party credit
enhancement within the meaning of Treasury Regulations Section
1.860G-2(a)(1)(ii)). If the Mortgage Loan was "significantly modified" prior to
the Closing Date so as to result in a taxable exchange under Section 1001 of the
Code, it either (x) was modified as a result of the default or reasonably
foreseeable default of such Mortgage Loan or (y) satisfies the provisions of
either sub-clause (a)(i) above (substituting the date of the last such
modification for the date the Mortgage Loan was originated) or sub-clause
(a)(ii), including the proviso thereto. The Mortgage Loan is a "qualified
mortgage" within the meaning of Section 860G(a)(3) of the Code (but without
regard to the rule in Treasury Regulations Section 1.860G-2(f)(2) that treats
certain defective mortgage loans as qualified mortgages). Any prepayment premium
and yield maintenance charges applicable to the Mortgage Loan constitute
"customary prepayment penalties" within the meaning of Treasury Regulations
Section 1.860G-1(b)(2).

            (32) Each of the Mortgage Loans contains a "due on sale" clause,
which provides for the acceleration of the payment of the unpaid principal
balance of the Mortgage Loan if, without the prior written consent of the holder
of the Mortgage Loan, the property subject to the Mortgage, or any controlling
interest therein, is directly or indirectly transferred or sold (except that it
may provide for transfers by devise, descent or operation of law upon the death
of a member, manager, general partner or shareholder of a Mortgagor and that it
may provide for transfers subject to the Mortgage Loan holder's approval of
transferee, transfers of worn out or obsolete furnishings, fixtures, or
equipment promptly replaced with property of equivalent value and functionality,
transfers of leases entered into in accordance with the Mortgage Loan documents,
transfers to affiliates, transfers to family members for estate planning
purposes, transfers among existing members, partners or shareholders in
Mortgagors or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage or Mortgage Note requires the Mortgagor to pay all
reasonable out-of-pocket fees and expenses associated with securing the consent
or approval of the holder of the Mortgage for a waiver of a "due on sale" or
"due on encumbrance" clause or a defeasance provision. As of the Closing Date,
the Seller holds no preferred equity interest in any Mortgagor and the Seller
holds no mezzanine debt related to such Mortgaged Property.

            (33) Except with respect to the AB Mortgage Loans, each Mortgage
Loan is a whole loan and not a participation interest in a mortgage loan.

            (34) Each Mortgage Loan containing provisions for defeasance of
mortgage collateral provides that: defeasance may not occur any earlier than two
years after the Closing Date; and requires or provides (i) the replacement
collateral consist of U.S. "government securities," within the meaning of
Treasury Regulations Section 1.860 G-2(a)(8)(i), in an amount sufficient to make
all scheduled payments under the Mortgage Note when due (up to the maturity date
for the related Mortgage Loan, the Anticipated Repayment Date for ARD Loans or
the date on which the Mortgagor may prepay the related Mortgage Loan without
payment of any prepayment penalty); (ii) the loan may be assumed by a Single
Purpose Entity approved by the holder of the Mortgage Loan; (iii) counsel
provide an opinion that the trustee has a perfected security interest in such
collateral prior to any other claim or interest; and (iv) such other documents
and certifications as the mortgagee may reasonably require which may include,
without limitation, (A) a certification that the purpose of the defeasance is to
facilitate the disposition of the mortgaged real property or any other customary
commercial transaction and not to be part of an arrangement to collateralize a
REMIC offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in clause (35) hereof). In
addition, if the related Mortgage Loan permits defeasance, then the Mortgage
Loan documents provide that the related Mortgagor shall (x) pay all reasonable
fees associated with the defeasance of the Mortgage Loan and all other
reasonable expenses associated with the defeasance, or (y) provide all opinions
required under the related Mortgage Loan documents, and in the case of any
Mortgage Loan with an outstanding principal balance as of the Cut-off Date of
$40,000,000 or greater, (a) a REMIC opinion and (b) rating agency letters
confirming that no downgrade or qualification shall occur as a result of the
defeasance.

            (35) In the event that a Mortgage Loan is secured by more than one
Mortgaged Property, then, in connection with a release of less than all of such
Mortgaged Properties, a Mortgaged Property may not be released as collateral for
the related Mortgage Loan unless, in connection with such release, an amount
equal to not less than 125% of the Allocated Loan Amount for such Mortgaged
Property is prepaid or, in the case of a defeasance, an amount equal to not less
than 125% of the Allocated Loan Amount is defeased through the deposit of
replacement collateral (as contemplated in clause (34) hereof) sufficient to
make all scheduled payments with respect to such defeased amount, or such
release is otherwise in accordance with the terms of the Mortgage Loan
documents.

            (36) Each Mortgaged Property is owned by the related Mortgagor,
except for Mortgaged Properties which are secured in whole or in a part by a
Ground Lease and for out-parcels, and is used and occupied for commercial or
multifamily residential purposes in accordance with applicable law.

            (37) In the event of casualty or destruction of the Mortgaged
Property, any non-conformity with applicable zoning laws as of the origination
date will not prohibit the Mortgaged Property from being restored or repaired in
all material respects, to the use or structure at the time of such casualty,
except for restrictions on its use or rebuildability for which (i) law and
ordinance insurance coverage has been obtained in amounts consistent with the
standards utilized by the Seller or (ii) an ALTA lender's title insurance policy
or the equivalent as adopted in the applicable jurisdiction, insuring against
such non-conformity.

            (38) Neither the Seller nor any affiliate thereof has any obligation
to make any capital contributions to the related Mortgagor under the Mortgage
Loan. The Mortgage Loan was not originated for the sole purpose of financing the
construction of incomplete improvements on the related Mortgaged Property.

            (39) No court of competent jurisdiction will determine in a final
decree that fraud with respect to the Mortgage Loans has taken place on the part
of the Seller or, to the Seller's actual knowledge, on the part of any
originator, in connection with the origination of such Mortgage Loan.

            (40) If the related Mortgage or other Mortgage Loan documents
provide for a grace period for delinquent Monthly Payments, such grace period is
no longer than ten (10) days from the applicable payment date.

            (41) The following statements are true with respect to the related
Mortgaged Property: (a) the Mortgaged Property is located on or adjacent to a
dedicated road or has access to an irrevocable easement permitting ingress and
egress and (b) the Mortgaged Property is served by public or private utilities,
water and sewer (or septic facilities) appropriate for the use in which the
Mortgaged Property is currently being utilized.

            (42) None of the Mortgage Loan documents contain any provision that
expressly excuses the related borrower from obtaining and maintaining insurance
coverage for acts of terrorism or, in circumstances where terrorism insurance is
not expressly required, the mortgagee is not prohibited from requesting that the
related borrower maintain such insurance, in each case, to the extent such
insurance coverage is generally available for like properties in such
jurisdictions at commercially reasonable rates. Each Mortgaged Property is
insured by a "standard extended coverage" casualty insurance policy that does
not contain an express exclusion for (or, alternatively, is covered by a
separate policy that insures against property damage resulting from) acts of
terrorism.

            (43) An appraisal of the related Mortgaged Property was conducted in
connection with the origination of such Mortgage Loan, and such appraisal
satisfied the guidelines in Title XI of the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, as in effect on the date such Mortgage
Loan was originated.

            (44) Each Mortgaged Property is, and is required pursuant to the
related Mortgage to be, insured by (a) a fire and extended perils insurance
policy providing coverage against loss or damage sustained by reason of fire,
lightning, windstorm, hail, explosion, riot, riot attending a strike, civil
commotion, aircraft, vehicles and smoke, and, (b) to the extent required as of
the date of origination by the originator of such Mortgage Loan consistent with
its capital markets conduit lending practices, against other risks insured
against by persons operating like properties in the locality of the Mortgaged
Property, in each case in an amount not less than the lesser of the principal
balance of the related Mortgage Loan and the replacement cost of the
improvements located at the Mortgaged Property, and not less than the amount
necessary to avoid the operation of any co-insurance provisions with respect to
the Mortgaged Property, and the policy contains no provisions for a deduction
for depreciation.

            Defined Terms:

            The term "Allocated Loan Amount" shall mean, for each Mortgaged
Property, the portion of principal of the related Mortgage Loan allocated to
such Mortgaged Property for certain purposes (including determining the release
prices of properties, if permitted) under such Mortgage Loan as set forth in the
related loan documents. There can be no assurance, and it is unlikely, that the
Allocated Loan Amounts represent the current values of individual Mortgaged
Properties, the price at which an individual Mortgaged Property could be sold in
the future to a willing buyer or the replacement cost of the Mortgaged
Properties.

            The term "Anticipated Repayment Date" shall mean the date on which
all or substantially all of any Excess Cash Flow is required to be applied
toward prepayment of the related Mortgage Loan and on which any such Mortgage
Loan begins accruing Excess Interest.

            The term "ARD Loan" shall have the meaning assigned thereto in the
Pooling and Servicing Agreement.

            The term "Environmental Site Assessment" shall mean a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials, and, if in accordance with customary industry standards a
reasonable lender would require it, a Phase II environmental report, each
prepared by a licensed third party professional experienced in environmental
matters.

            The term "Excess Cash Flow" shall mean the cash flow from the
Mortgaged Property securing an ARD Loan after payments of interest (at the
Mortgage Interest Rate) and principal (based on the amortization schedule), and
(a) required payments for the tax and insurance fund and ground lease escrows
fund, (b) required payments for the monthly debt service escrows, if any, (c)
payments to any other required escrow funds and (d) payment of operating
expenses pursuant to the terms of an annual budget approved by the applicable
Master Servicer and discretionary (lender approved) capital expenditures.

            The term "Excess Interest" shall mean any accrued and deferred
interest on an ARD Loan in accordance with the following terms. Commencing on
the respective Anticipated Repayment Date each ARD Loan (pursuant to its
existing terms or a unilateral option, as defined in Treasury Regulations under
Section 1001 of the Code, in the Mortgage Loans exercisable during the term of
the Mortgage Loan) generally will bear interest at a fixed rate (the "Revised
Rate") per annum equal to the Mortgage Interest Rate plus a percentage specified
in the related Mortgage Loan documents. Until the principal balance of each such
Mortgage Loan has been reduced to zero (pursuant to its existing terms or a
unilateral option, as defined in Treasury Regulations under Section 1001 of the
Code, in the Mortgage Loans exercisable during the term of the Mortgage Loan),
such Mortgage Loan will only be required to pay interest at the Mortgage
Interest Rate and the interest accrued at the excess of the related Revised Rate
over the related Mortgage Interest Rate will be deferred (such accrued and
deferred interest and interest thereon, if any, is "Excess Interest").

            The term "in reliance on" shall mean that:

            (a) the Seller has examined and relied in whole or in part upon one
      or more of the specified documents or other information in connection with
      a given representation or warranty;

            (b) that the information contained in such document or otherwise
      obtained by the Seller appears on its face to be consistent in all
      material respects with the substance of such representation or warranty;

            (c) the Seller's reliance on such document or other information is
      consistent with the standard of care exercised by prudent lending
      institutions originating commercial mortgage loans; and

            (d) although the Seller is under no obligation to verify
      independently the information contained in any document specified as being
      relied upon by it, the Seller believes the information contained therein
      to be true, accurate and complete in all material respects and has no
      actual knowledge of any facts or circumstances which would render reliance
      thereon unjustified without further inquiry.

            The term "Mortgage Interest Rate" shall mean the fixed rate of
interest per annum that each Mortgage Loan bears as of the Cut-off Date.

            The term "Permitted Encumbrances" shall mean:

            (a) the lien of current real property taxes, water charges, sewer
      rents and assessments not yet delinquent or accruing interest or
      penalties;

            (b) covenants, conditions and restrictions, rights of way, easements
      and other matters of public record acceptable to mortgage lending
      institutions generally and referred to in the related mortgagee's title
      insurance policy;

            (c) other matters to which like properties are commonly subject, and

            (d) the rights of tenants, as tenants only, whether under ground
      leases or space leases at the Mortgaged Property.

            which together do not materially and adversely affect the related
      Mortgagor's ability to timely make payments on the related Mortgage Loan,
      which do not materially interfere with the benefits of the security
      intended to be provided by the related Mortgage or the use, for the use
      currently being made, the operation as currently being operated,
      enjoyment, value or marketability of such Mortgaged Property, provided,
      however, that, for the avoidance of doubt, Permitted Encumbrances shall
      exclude all pari passu, second, junior and subordinated mortgages but
      shall not exclude mortgages that secure other Mortgage Loans or Companion
      Loans that are cross-collateralized with the related Mortgage Loan.

            Other. For purposes of these representations and warranties, the
term "to the Seller's knowledge" shall mean that no officer, employee or agent
of the Seller responsible for the underwriting, origination or sale of the
Mortgage Loans or of any servicer responsible for servicing the Mortgage Loan on
behalf of the Seller, believes that a given representation or warranty is not
true or is inaccurate based upon the Seller's reasonable inquiry and during the
course of such inquiry, no such officer, employee or agent of the Seller has
obtained any actual knowledge of any facts or circumstances that would cause
such person to believe that such representation or warranty was inaccurate.
Furthermore, all information contained in documents which are part of or
required to be part of a Mortgage File shall be deemed to be within the Seller's
knowledge. For purposes of these representations and warranties, the term "to
the Seller's actual knowledge" shall mean that an officer, employee or agent of
the Seller responsible for the underwriting, origination and sale of the
Mortgage Loans does not actually know of any facts or circumstances that would
cause such person to believe that such representation or warranty was
inaccurate.

<PAGE>

                            Exhibit A - Ground Leases

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Loan No. 138               1952 Heritage Grove Circle          Leasehold
--------------------------------------------------------------------------------

<PAGE>

                                    EXHIBIT C

   EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES (NATIXIS LOANS)

--------------------------------------------------------------------------------
ALL NATIXIS LOANS, except for    Exception
111 Massachusetts Avenue Loan
(insurer with AA rating), St.
Joe's - Windward Loan (insurer
with A rating) and St. Joe's -
150 West Main Loan (insurer
with A rating)
--------------------------------------------------------------------------------
Exception to Representation 22   Insurance policies are required to be issued
- Insurance                      by insurers with rating of A:VII from A.M.
                                 Best Company or BBB (or the equivalent) or
                                 better from Standard & Poor's Rating
                                 Services, a division of The McGraw-Hill
                                 Companies, Inc., Fitch, Inc. or Moody's
                                 Investor Services, Inc.

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

--------------------------------------------------------------------------------
Loan Name: 111 Massachusetts     Exception
Avenue [$90,000,000]
--------------------------------------------------------------------------------
Exception to Representation      The related loan documents permit the
32-Transfer                      borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b)
                                 debt-service-coverage-ratio for the Mortgage
                                 Loan and the permitted mezzanine financing is
                                 equal to or greater than 1.05 to 1; c) no
                                 default or event of default exists or is
                                 continuing; d) the mezzanine lenders enters
                                 into an intercreditor agreement  with the
                                 lender; e) borrower pays all out-of-pocket
                                 expenses by lender and f) if any securities
                                 are outstanding, the rating agency
                                 confirmation is received with respect to such
                                 mezzanine loan.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's - Windward  Exception
[$47,634,792]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
Transfer                         borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's - 150 West  Exception
Main [$46,948,014]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
Transfer                         borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: Hilton Fort Lee       Exception
Hotel [$33,000,000]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
Transfer                         borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 80%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.35 to 1; c) no default or event of
                                 default exists or is continuing; d) the
                                 mezzanine lenders enters into an
                                 intercreditor agreement  with the lender; e)
                                 borrower pays all out-of-pocket expenses by
                                 lender and f) if any securities are
                                 outstanding, the rating agency confirmation
                                 is received with respect to such mezzanine
                                 loan.

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

--------------------------------------------------------------------------------
Loan Name: Bentley Mall          Exception
[$29,000,000]
--------------------------------------------------------------------------------
Exception to Representation 12   A release of a certain parcel is permitted if
- Releases                       the following circumstances are met: (a) the
                                 underwritten debt service coverage ratio at
                                 the time of such partial release and
                                 immediately thereafter is not less than
                                 1.25:1; (b) the loan-to-value following the
                                 partial release does not exceed seventy
                                 percent (70%);  (c) at the time Mortgagor
                                 requests a partial release and at the time
                                 such partial release is consummated, there
                                 exists no continuing event of default; and
                                 (d) Mortgagor delivers to Mortgagee the
                                 allocated loan amount for the release parcel
                                 which allocated loan amount shall be applied
                                 against the debt in accordance with the terms
                                 of the loan agreement.

--------------------------------------------------------------------------------
Exception to Representation 32   The related loan documents permit the
-Transfer                        borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 90%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.05 to 1; c) no default or event of
                                 default exists or is continuing; d) the
                                 mezzanine lenders enters into an
                                 intercreditor agreement  with the lender; e)
                                 borrower pays a non-refundable $5,000
                                 servicing fee and all out-of-pocket expenses
                                 by lender and f) if any securities are
                                 outstanding, the rating comfort letter is
                                 received with respect to such mezzanine loan.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's - Millenia  Exception
Park [$27,996,592]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
- Transfer                       borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's -           Exception
Southhall Center [$17,890,061]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
Transfer                         borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's -           Exception
Beckrich I and II [$12,471,934]
--------------------------------------------------------------------------------
Exception to Representation 32   The related loan documents permit the
-Transfer                        borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: St. Joe's -           Exception
Southwood [$11,956,853]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
Transfer                         borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 85%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.10 to 1; c) no default or event of
                                 default exists or is continuing; d) such
                                 mezzanine loan shall be coterminous with the
                                 Mortgage Loan; e) the mezzanine lenders
                                 enters into an intercreditor agreement  with
                                 the lender; f) borrower pays all
                                 out-of-pocket expenses by lender and g) if
                                 any securities are outstanding, the rating
                                 agency confirmation is received with respect
                                 to such mezzanine loan.

                                 In addition, the indirect interest in the
                                 borrower and the excess cash flow
                                 distributions (after debt service and
                                 property expenses) received from the
                                 Mortgaged Properties securing the Mortgage
                                 Loans have been pledged to additionally
                                 secure other mortgage financing made to
                                 affiliates of the borrower.

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

--------------------------------------------------------------------------------
Loan Name: Stockbridge Plaza     Exception
[$10,500,000]
--------------------------------------------------------------------------------
Exception to Representation 12-  The related loan documents permit the
Releases                         borrower to obtain the release of a parcel
                                 from the lien of the mortgage upon the
                                 satisfaction of certain conditions specified
                                 in the loan documents, including without
                                 limitation (i) the transfer of the release
                                 parcel to a bona-fide unaffiliated third
                                 party; (ii) no event of default has occurred
                                 and is continuing; (iii) payment of the
                                 greater of (a) $3,450,000 and (b) 100% of the
                                 net sale proceeds to a maximum of $4,000,000;
                                 (iv) after giving effect to such partial
                                 release, the debt service coverage ratio is
                                 not less than the greater of (a) the debt
                                 service coverage ratio immediately preceding
                                 such partial release and (b) the debt service
                                 coverage ratio as of the date of closing of
                                 the partial release and (v) after giving
                                 effect to such partial release, the
                                 loan-to-value ratio is not less than the
                                 greater of (a) the loan-to-value ratio
                                 immediately preceding such partial release
                                 and (b) the loan-to-value ratio as of the
                                 date of closing of the partial release.

--------------------------------------------------------------------------------
Exception to Representation 21   The Phase I Environmental Report and the
- Environmental Assessment       Engineering Report were issued on 7/07/06,
                                 more than a year prior to the Closing Date
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Loan Name: Comfort Suites -      Exception
Garners Ferry [$6,100,000]
--------------------------------------------------------------------------------
Exception to Representation  35  The mortgaged property is a portion of a
- Tax Parcels                    larger tax lot. Taxes are being reserved for
                                 the entire tax lot and borrower covenants to
                                 obtain a tax lot split with the applicable
                                 jurisdiction. However, no timeframe is set
                                 forth to complete the tax lot split.

--------------------------------------------------------------------------------
Exception to Representation      The loan is secured by a ground lease.
20- Fee Simple Interest          However, the fee interest is subordinated to
                                 Lender's security interests.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Loan Name: Owego Fairgrounds     Exception
[$5,400,000]
--------------------------------------------------------------------------------
Exception to Representation  32  The related loan documents permit the
-  Transfer                      borrower to incur subordinated indebtedness
                                 secured by a pledge of membership interests
                                 in the borrower, provided that a)
                                 loan-to-value ratio for the Mortgage Loan and
                                 the permitted mezzanine financing is equal to
                                 or less than 80%; b) debt-service-coverage
                                 ratio for the Mortgage Loan and the permitted
                                 mezzanine financing is equal to or greater
                                 than 1.20 to 1; c) no default or event of
                                 default exists or is continuing; d) the
                                 mezzanine lenders enters into an
                                 intercreditor agreement  with the lender; e)
                                 borrower pays all out-of-pocket expenses by
                                 lender and f) if any securities are
                                 outstanding, the rating comfort letter is
                                 received with respect to such mezzanine loan.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Loan Name: Medure Portfolio      Exception
[$5,400,000]
--------------------------------------------------------------------------------
Exception to Representation  12  The related loan documents permit the
-  Releases                      borrower to  obtain the release of a parcel
                                 from the lien of the mortgage upon the
                                 satisfaction of certain conditions specified
                                 in the loan documents, including without
                                 limitation (i) the transfer of the release
                                 parcel to a bona-fide unaffiliated third
                                 party; (ii) no event of default has occurred
                                 and is continuing; (iii) defeasance of the
                                 greater of (a) 115% of the allocated loan
                                 amount for the released parcel and (b) 100%
                                 of the allocated net proceeds received for a
                                 release parcel; (iv) after giving effect to
                                 such partial release, the debt service
                                 coverage ratio is not less than the greater
                                 of (a) the debt service coverage ratio
                                 immediately preceding such partial release
                                 and (b) the debt service coverage ratio as of
                                 July 27, 2007 and (v) after giving effect to
                                 such partial release, the loan-to-value ratio
                                 does not exceed (a) the loan-to-value ratio
                                 immediately preceding such partial release
                                 and (b) the loan-to-value ratio as of July
                                 27, 2007.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Loan Name: Prestonwood Village   Exception
II [$4,400,000]
--------------------------------------------------------------------------------
Exception to Representation  32  The related Mortgage Loan documents permit
-Transfer                        the related borrowers to incur unsecured
                                 subordinate debt in the aggregate amount not
                                 to exceed 80% of the value of the mortgaged
                                 property provided that a) no default or event
                                 of default exists or is continuing; b) the
                                 unsecured lender enters into an intercreditor
                                 agreement  with the lender; e) the terms of
                                 the unsecured debt shall be less restrictive
                                 than the terms of the Mortgage Loan.

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

--------------------------------------------------------------------------------
Loan Name: 1952 Heritage Grove   Exception
Circle [$2,500,000]
--------------------------------------------------------------------------------
Exception to Representation      The Mortgaged Property is sub-subleased by
20- Ground Lease                 the borrower from Leon County Educational
                                 Facilities Authority, which, in turn, leases
                                 the land from the Florida State University
                                 Board of Trustees, which in turn leases from
                                 the State of Florida Board of Trustees of the
                                 Internal Improvement Trust Fund.

                                 (c) The Mortgage Loan documents permit the
                                 Lender to use reasonable efforts to assign
                                 its interest after foreclosure to a
                                 sub-sublessee, which is either a financially
                                 sound non-profit affinity group or
                                 organization officially recognized by Florida
                                 State University ("Qualified Organization"),
                                 but if the Lender is not able to do so after
                                 reasonable efforts, the Lender can transfer
                                 its interest to a person or entity who is not
                                 a Qualified Organization so long as the
                                 Mortgaged Property continues to be used for
                                 residential housing purposes for students of
                                 the Florida State University.

                                 (d) While the sublessor estoppel provides
                                 that sublessor will not cancel, amend, alter,
                                 or modify the sublease or accept the
                                 surrender of the leased premises or any part
                                 thereof by subtenant without the prior
                                 written consent of the Lender, which consent
                                 shall not be unreasonably withheld or
                                 delayed, the ground lessor and sub-sublessor
                                 estoppel provide that the respective lessor
                                 will not cancel, materially amend, alter, or
                                 modify the respective lease or accept the
                                 surrender of the leased premises (or any part
                                 thereof) by tenant without prior written
                                 notice to the Lender.

                                 (i) The ground lease limits subletting to
                                 Florida State University students and
                                 resident directors who are members of
                                 nonprofit affinity groups or organizations
                                 officially recognized by Florida State
                                 University.

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

--------------------------------------------------------------------------------
Clarksville, IN - Logan          Exception
[$2,840,000],
--------------------------------------------------------------------------------
Exception to Representation 22   The insurance requirements under the loan
- Insurance                      documents have been waived to the extent the
                                 sole tenant is in occupancy under its lease
                                 and paying rent thereunder.

--------------------------------------------------------------------------------
Exception to Representation 27 -  So long as the respective sole tenant lease
Operating Statements              is in effect on the respective Mortgaged
                                  Property, Mortgagor will only be required to
                                  furnish on a quarterly basis a statement
                                  certified by Mortgagor (i) setting forth the
                                  rent in effect and collected for the
                                  previous calendar quarter and (ii) whether
                                  any default under the respective sole tenant
                                  lease has occurred.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Loan Name: LOGAN PORTFOLIO LOANS  Exception
(14):
- Logan Portfolio - Austin, TX
-[$1,165,000],
- Logan Portfolio - Beavercreek,
OH [$1,915,000],
- Logan Portfolio - Bowling
Green, KY [$1,630,000],
- Logan Portfolio - Canton, MI
[$1,365,000],
- Logan Portfolio - Decatur, AL
[$1,755,000],
- Logan Portfolio - Evansville,
IN [$1,245,000],
- Logan Portfolio - Flowood, MS
[$1,655,000],
- Logan Portfolio - Ft.
Oglethorpe, GA [$1,305,000],
- Logan Portfolio - Gallatin, TN
[$1,455,000],
- Logan Portfolio - Huntsville,
AL [$1,750,000],
- Logan Portfolio -
Murfreesboro, TN [$1,545,000],
- Logan Portfolio - Oxford, AL
[$1,280,000],
- Logan Portfolio - Savannah, GA
[$1,555,000],
- Logan Portfolio - West Monroe
- LA [$1,540,000]
--------------------------------------------------------------------------------

Exception to Representation 22 -  The insurance requirements under the loan
Insurance                         documents have been waived to the extent the
                                  sole tenant is in occupancy under its lease
                                  and paying rent thereunder.

--------------------------------------------------------------------------------
Exception to Representation 12 -  The related borrower under the applicable
Releases                          Mortgage Loan (the "Logan Released Mortgage
                                  Loan") is permitted to obtain a release of
                                  the mortgaged property (the "Logan Released
                                  Mortgaged Property") from the lien of the
                                  mortgage and/or a termination of any
                                  applicable cross-collateralization and
                                  cross-default provisions of the other
                                  related Mortgage Loans ("Logan Crossed
                                  Loans") in connection with (1) transfer of
                                  the mortgaged property to a special purpose
                                  entity acceptable to the lender ("Logan
                                  Special Transfer") or (2) repayment of the
                                  Mortgage Loan, provided that the following
                                  conditions are satisfied: (i) no event of
                                  default has occurred, (ii) the sole tenant
                                  at the Logan Released Mortgaged Property and
                                  sole tenants at the other Mortgaged
                                  Properties securing Logan Crossed Loans are
                                  open for business and have not defaulted in
                                  the payment of rent, (iii) the debt service
                                  coverage ratio for the Logan Released
                                  Mortgage Loan after giving effect to such
                                  release is not less than the greater of (A)
                                  the debt service coverage ratio for the
                                  Logan Released Mortgage Loan as of
                                  origination date and (B) the debt service
                                  coverage ratio for the Logan Released
                                  Mortgage Loan immediately preceding such
                                  release, (iv) the loan-to-value ratio for
                                  the remaining Mortgage Loans is not greater
                                  than 80%, (v) in the event of a full
                                  repayment, borrower under the Logan Released
                                  Mortgage Loan pays 115% of the outstanding
                                  principal (the "Release Amount") to lender
                                  with yield maintenance premium and (vi) in
                                  the event of a Logan Special Transfer,
                                  borrower complies with certain other
                                  transfer requirements of the applicable loan
                                  agreement, including (a) absence of an event
                                  of default, (b) payment of the assumption
                                  fee; (c) securing an approval of the Logan
                                  Special Transfer from the lender. In
                                  connection with a release upon the repayment
                                  of the Mortgage Loan, any funds remaining
                                  from the Release Amount will be applied
                                  against the outstanding principal of the
                                  remaining Logan Crossed Loans.

--------------------------------------------------------------------------------
Exception to Representation 27 -  So long as the respective sole tenant lease
Operating Statements              is in effect on the respective Mortgaged
                                  Property, Mortgagor will only be required to
                                  furnish on a quarterly basis a statement
                                  certified by Mortgagor (i) setting forth the
                                  rent in effect and collected for the
                                  previous calendar quarter and (ii) whether
                                  any default under the respective sole tenant
                                  lease has occurred.
--------------------------------------------------------------------------------
Exception to Representation 33 -  Each Mortgaged Property securing a Mortgage
Whole Loans                       Loan also secures another pari passu
                                  Mortgage Loan having the same original
                                  principal balance as the related Mortgage
                                  Loan.

--------------------------------------------------------------------------------
Exception to Representation 34 -  A REMIC election was made with respect to
Defeasance                        the Logan Portfolio Companion Loans on the
                                  closing date of the JPMCC Series 2007-LDP11
                                  securitization (which occurred on July 5,
                                  2007), and defeasance is permitted following
                                  the second anniversary of that closing date.

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

<PAGE>

                         SCHEDULE 1 to REPRESENTATION 6

            Cross-Collateralized and Cross-Defaulted Loans (Natixis)

1.  Logan Portfolio - Austin, TX,
2.  Logan Portfolio - Beavercreek, OH,
3.  Logan Portfolio - Bowling Green, KY,
4.  Logan Portfolio - Canton, MI,
5.  Logan Portfolio - Decatur, AL,
6.  Logan Portfolio - Evansville, IN,
7.  Logan Portfolio - Flowood, MS,
8.  Logan Portfolio - Ft. Oglethorpe, GA,
9.  Logan Portfolio - Gallatin, TN,
10. Logan Portfolio - Huntsville, AL,
11. Logan Portfolio - Murfreesboro, TN,
12. Logan Portfolio - Oxford, AL,
13. Logan Portfolio - Savannah, GA,
14. Logan Portfolio - West Monroe - LA,

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

            I, [______], a duly appointed, qualified and acting [______] of
[___________], a [________] [______] (the "Company"), hereby certify on behalf
of the Company as follows:

            1. I have examined the Mortgage Loan Purchase Agreement, dated as of
August 1, 2007 (the "Agreement"), between the Company and J.P. Morgan Chase
Commercial Mortgage Securities Corp., and all of the representations and
warranties of the Company under the Agreement are true and correct in all
material respects on and as of the date hereof (or, in the case of any
particular representation or warranty set forth on Exhibit B to the Agreement,
as of such other date provided for in such representation or warranty) with the
same force and effect as if made on and as of the date hereof, subject to the
exceptions set forth in the Agreement (including Exhibit C thereto).

            2. The Company has complied with all the covenants and satisfied all
the conditions on its part to be performed or satisfied under the Agreement on
or prior to the date hereof and no event has occurred which, with notice or the
passage of time or both, would constitute a default under the Agreement.

            3. [FOR NATIXIS RE] I have examined the information regarding the
Mortgage Loans in each Free Writing Prospectus (as defined in the
Indemnification Agreement, dated August 3, 2007 (the "Indemnification
Agreement") relating to the offering of the Certificates), when read in
conjunction with the other Time of Sale Information (as defined in the
Indemnification Agreement), the Prospectus, dated August 3, 2007, as
supplemented by the Prospectus Supplement, dated August 3, 2007 (collectively,
the "Prospectus"), relating to the offering of the Class A-1, Class A-2, Class
A-3, Class A-4, Class A-SB, Class A-1A, Class X, Class A-M, , Class A-J, Class B
, Class C, Class D, Class E and Class F Certificates, the Private Placement
Memorandum, dated August 24, 2007 (the "Privately Offered Certificate Private
Placement Memorandum"), relating to the offering of the Class G, Class H, Class
J, Class K, Class L, Class M, Class N, Class P, Class Q, Class T, Class NR,
Class S, Class R, and Class LR Certificates, and the Private Placement
Memorandum, dated August 24, 2007 (the "Private Placement Memorandum" and
together with the Privately Offered Certificate Private Placement Memorandum,
the "Private Placement Memoranda"), relating to the offering of the Class R
Class LR Certificates, and nothing has come to my attention that would lead me
to believe that any Free Writing Prospectus, including any diskette attached
thereto, when read in conjunction with the other Time of Sale Information (as
defined in the Indemnification Agreement), as of the Time of Sale (as defined in
the Indemnification Agreement) or as of the date hereof, the Prospectus,
including any diskette attached thereto, as of the date of the Prospectus
Supplement or as of the date hereof, or the Private Placement Memoranda,
including any diskette attached thereto, as of the date of the Private Placement
Memoranda or as of the date hereof, included or includes any untrue statement of
a material fact relating to the Mortgage Loans or in the case of any Free
Writing Prospectus, when read in conjunction with the other Time of Sale
Information, omitted or omits to state therein a material fact necessary in
order to make the statements set forth therein regarding the Mortgage Loans, in
light of the circumstances under which they were made, not misleading.

            Capitalized terms used herein without definition have the meanings
given them in the Agreement.

                    [SIGNATURE APPEARS ON THE FOLLOWING PAGE]

<PAGE>

            IN WITNESS WHEREOF, I have signed my name this ___ day of August,
2007.

                                       By:
                                          ------------------------------------
                                          Name:
                                          Title:

<PAGE>

                                   SCHEDULE I

 MORTGAGE LOANS FOR WHICH A LENDER'S ENVIRONMENTAL POLICY WAS OBTAINED IN LIEU
                       OF AN ENVIRONMENTAL SITE ASSESSMENT

Reference is made to the Representations and Warranties set forth in Exhibit B
attached hereto corresponding to the Paragraph number set forth below.

Paragraph 21(a) and 21(e):

None.

<PAGE>

                                   SCHEDULE II

                       MORTGAGED PROPERTY FOR WHICH OTHER
                      ENVIRONMENTAL INSURANCE IS MAINTAINED

Reference is made to the Representations and Warranties set forth in Exhibit B
attached hereto corresponding to the Paragraph numbers set forth below.

Paragraph 21(b) and 21(c):

None.

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