Document:

Exhibit 10.4

 

 

	 

 

CITIGROUP COMMERCIAL MORTGAGE SECURITIES
INC.,

PURCHASER

 

and

 

STARWOOD MORTGAGE FUNDING I LLC,

SELLER

 

MORTGAGE LOAN PURCHASE AGREEMENT

Dated as of February 1, 2016

Series 2016-GC36

	 

 

    	 

    	 

    

 

This Mortgage Loan Purchase
Agreement (“Agreement”), dated as of February 1, 2016, is between Citigroup Commercial Mortgage Securities Inc.,
a Delaware corporation, as purchaser (the “Purchaser”), and Starwood Mortgage Funding I LLC, a Delaware limited
liability company, as seller (the “Seller”).

 

Capitalized terms used
in this Agreement and not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement, dated
as of February 1, 2016 (the “Pooling and Servicing Agreement”), between the Purchaser, as depositor, KeyBank
National Association, a national banking association, as master servicer (the “Master Servicer”), Wells Fargo
Bank, National Association, a national banking association (“Wells Fargo Bank”), as special servicer (in such
capacity, the “Special Servicer”) and as certificate administrator (in such capacity, the “Certificate
Administrator”), Pentalpha Surveillance LLC, a Delaware limited liability company, as operating advisor (in such capacity,
the “Operating Advisor”) and as asset representations reviewer (in such capacity, the “Asset Representations
Reviewer”), and Wilmington Trust, National Association, a national banking association, as trustee (the “Trustee”),
pursuant to which the Purchaser will transfer the Mortgage Loans (as defined herein), together with certain other commercial and
multifamily mortgage loans (collectively, the “Other Loans”), to a trust fund and certificates representing
ownership interests in the Mortgage Loans and the Other Loans will be issued by the trust fund (the “Trust Fund”).
In exchange for the Mortgage Loans and the Other Loans, the Trust Fund will issue to or at the direction of the Depositor certificates
to be known as Citigroup Commercial Mortgage Trust 2016-GC36, Commercial Mortgage Pass-Through Certificates, Series 2016-GC36 (collectively,
the “Certificates”). For purposes of this Agreement, “Mortgage Loans” refers to the mortgage
loans listed on Exhibit A and “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. The Seller does hereby sell, transfer, assign, set over and convey
to the Purchaser, without recourse (except as otherwise specifically set forth herein), subject to the rights of the holders of
interests in any related Companion Loan, all of its right, title and interest in and to the Mortgage Loans identified on Exhibit
A to this Agreement (the “Mortgage Loan Schedule”) including all interest and principal received or receivable
on or with respect to the Mortgage Loans after the Cut-Off Date (and, in any event, excluding payments of principal and interest
and other amounts due and payable on the Mortgage Loans on or before the Cut-Off Date and excluding any Retained Defeasance Rights
and Obligations with respect to the Mortgage Loans). In addition, on the Closing Date, the Seller shall cause to be delivered
to the Master Servicer the aggregate Interest Deposit Amount with respect to those Mortgage Loans that accrue interest on an Actual/360
Basis, to be deposited by the Master Servicer into the Collection Account on behalf of the Seller and for the benefit of the Trust
Fund, which Interest Deposit Amount for each such Mortgage Loan shall represent an amount equal to one day of interest at the
related Net Mortgage Rate on the related Cut-Off Date Balance of such Mortgage Loan. Upon the sale of the Mortgage Loans, the
ownership of each related Note, the Seller’s interest in the related Mortgage represented by the Note and the other contents
of the related Mortgage File (subject to

 

    	 

    	 

    

 

the rights of the holders of interests in any related Companion Loan) will be vested
in the Purchaser and immediately thereafter the Trustee, and the ownership of records and documents with respect to each Mortgage
Loan (other than those to be held by the holder of any related Companion Loan) prepared by or which come into the possession of
the Seller shall (subject to the rights of the holders of interests in any related Companion Loan) immediately vest in the Purchaser
and immediately thereafter the Trustee. In connection with the transfer pursuant to this Section 1 of any Mortgage Loan that
is part of a Loan Combination, the Seller does hereby assign to the Purchaser all of its rights, title and interest (solely in
its capacity as the holder of the subject Mortgage Loan) in, to and under the related Co-Lender Agreement (it being understood
and agreed that the Seller does not assign any right, title or interest that it or any other party may have thereunder in its
capacity as the holder of any related Companion Loan, if applicable). The Seller’s assignment of any Outside Serviced Mortgage
Loan is subject to the terms and conditions of the applicable Outside Servicing Agreement and the related Co-Lender Agreement.
The Purchaser will sell certain of the Certificates (the “Public Certificates”) to the underwriters (the “Underwriters”)
specified in the Underwriting Agreement, dated as of February 3, 2016 (the “Underwriting Agreement”), between
the Purchaser and the Underwriters, and the Purchaser will sell certain of the Certificates (the “Private Certificates”)
to the initial purchasers (the “Initial Purchasers” and, collectively with the Underwriters, the “Dealers”)
specified in the Purchase Agreement, dated as of February 3, 2016 (the “Certificate Purchase Agreement”), between
the Purchaser and Initial Purchasers.

 

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 shall pay, by wire transfer of immediately available funds, to the Seller or at the Seller’s
direction that sum set forth in the funding schedule executed by the Seller and the Purchaser relating to the sale of the Mortgage
Loans contemplated hereby (but subject to certain post-settlement adjustment for expenses incurred by the Underwriters and the
Initial Purchasers on behalf of the Depositor and for which the Seller is specifically responsible).

 

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 (other than with respect to any Outside Serviced Mortgage Loan) and each Note shall be transferred
to the Trustee subject to and 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 on behalf of the Trustee (for the benefit of the Certificateholders) as the
owner of such Mortgage Loan and shall be transferred promptly to the Certificate Administrator. All scheduled payments of principal
and interest due on or before the Cut-Off Date but collected after the Cut-Off Date, and all recoveries and payments 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 the sale of such Mortgage
Loan by the Seller to the

 

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Purchaser. The Seller intends to treat the transfer of each Mortgage Loan to the Purchaser as a sale
for tax purposes. Following the transfer of the Mortgage Loans by the Seller to the Purchaser, the Seller shall not take any actions
inconsistent with the ownership of the Mortgage Loans by the Purchaser and its assignees.

 

The transfer of each
Mortgage Loan shall be reflected on the Purchaser’s balance sheets and other financial statements as the purchase of such
Mortgage Loan 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. The Purchaser shall be responsible for maintaining, and shall maintain, a set of records for each
Mortgage Loan which shall be clearly marked to reflect the transfer of ownership of each Mortgage Loan by the Seller to the Purchaser
pursuant to this Agreement.

 

SECTION 3     Delivery
of Mortgage Loan Documents; Additional Costs and Expenses. (a)  The Purchaser hereby directs the Seller, and the Seller
hereby agrees, such agreement effective upon the transfer of the Mortgage Loans as contemplated herein, to deliver to and deposit
with (or to cause to be delivered to and deposited with) the Custodian (on behalf of the Trustee), with copies (other than with
respect to an Outside Serviced Mortgage Loan) to be delivered to the Master Servicer, on the dates set forth in Section 2.01
of the Pooling and Servicing Agreement, all documents, instruments and agreements required to be delivered by the Purchaser, or
contemplated to be delivered by the Seller (whether at the direction of the Purchaser or otherwise), to the Custodian and the
Master Servicer, with respect to the Mortgage Loans under Section 2.01 of the Pooling and Servicing Agreement, and meeting
all the requirements of such Section 2.01 of the Pooling and Servicing Agreement; provided that the Seller shall not
be required to deliver any draft documents, privileged or other related Seller communications, credit underwriting, due diligence
analyses or data, or internal worksheets, memoranda, communications or evaluations.

 

With respect to letters
of credit (exclusive of those relating to an Outside Serviced Mortgage Loan), the Seller shall deliver to the Master Servicer,
and the Pooling and Servicing Agreement shall require the Master Servicer to hold, the original (or copy, if such original has
been submitted by the Seller to the issuing bank to effect an assignment or amendment of such letter of credit (changing the beneficiary
thereof to the Trustee (in care of the Master Servicer) for the benefit of Certificateholders and, if applicable, the related Serviced
Companion Loan Holder, to the extent required in order for the Master Servicer to draw on such letter of credit on behalf of the
Trustee for the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder in accordance with
the applicable terms thereof and/or of the related Loan Documents)) and the Seller shall be deemed to have satisfied any such delivery
requirements by delivering with respect to any letter(s) of credit a copy thereof to the Custodian together with an Officer’s
Certificate of the Seller certifying that such document has been delivered to the Master Servicer or an Officer’s Certificate
from the Master Servicer certifying that it holds the letter(s) of credit pursuant to Section 2.01(b) of the Pooling and
Servicing Agreement. If a letter of credit referred to in the previous sentence is not in a form that would allow the Master Servicer
to draw on such letter of credit on behalf of the Trustee for the benefit of Certificateholders and, if applicable, the related
Serviced Companion Loan Holder in accordance with the applicable terms thereof and/or of the related Loan Documents, the Seller
shall deliver the appropriate assignment or amendment documents (or copies of such assignment

 

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or amendment documents if the Seller
has submitted the originals to the related issuer of such letter of credit for processing) to the Master Servicer within 90 days
of the Closing Date. The Seller shall pay any costs of assignment or amendment of such letter(s) of credit required in order for
the Master Servicer to draw on such letter(s) of credit on behalf of the Trustee for the benefit of Certificateholders and, if
applicable, the related Serviced Companion Loan Holder, and shall cooperate with the reasonable requests of the Master Servicer
or the Special Servicer, as applicable, in connection with effectuating a draw under any such letter of credit prior to the date
such letter of credit is assigned or amended in order that it may be drawn by the Master Servicer on behalf of the Trustee for
the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder.

 

(b)          Except with respect
to any Outside Serviced Mortgage Loan, the Seller shall deliver to and deposit with (or cause to be delivered to and deposited
with) the Master Servicer within five (5) Business Days after the Closing Date: (i) a copy of the Mortgage File; (ii)
all documents and records not otherwise required to be contained in the Mortgage File that (A) relate to the origination and/or
servicing and administration of the Mortgage Loans and any related Serviced Companion Loan(s), (B) are reasonably necessary for
the ongoing administration and/or servicing of the Mortgage Loans (including any asset summaries related to the Mortgage Loans
that were delivered to the Rating Agencies in connection with the rating of the Certificates) or any related Serviced Companion
Loans or for evidencing or enforcing any of the rights of the holder of the Mortgage Loans or any related Serviced Companion Loans
or holders of interests therein, and (C) are in the possession or under the control of the Seller; and (iii) all unapplied Escrow
Payments and reserve funds in the possession or under control of the Seller that relate to the Mortgage Loans and any related Serviced
Companion Loans together with a statement indicating which Escrow Payments and reserve funds are allocable to each Mortgage Loan
or any related Serviced Companion Loan; provided that copies of any document in the Mortgage File and any other document,
record or item referred to above in this sentence that, in each case, constitutes a Designated Servicing Document shall be delivered
to the Master Servicer on or before the Closing Date; and provided, further, that the Seller shall not be required
to deliver any draft documents, privileged or other related Seller communications, credit underwriting, due diligence analyses
or data, or internal worksheets, memoranda, communications or evaluations. Notwithstanding the foregoing, this Section 3(b)
shall not apply to any Outside Serviced Mortgage Loan.

 

(c)          With respect to
any Mortgage Loan secured by any Mortgaged Property that is subject to a franchise agreement with a related comfort letter in favor
of the Seller that requires notice to or request of the related franchisor to transfer or assign any related comfort letter to
the Trustee for the benefit of the Certificateholders or have a new comfort letter (or any such new document or acknowledgement
as may be contemplated under the existing comfort letter) issued in the name of the Trustee for the benefit of the Certificateholders,
the Seller or its designee shall, within 45 days of the Closing Date (or any shorter period if required by the applicable comfort
letter), provide any such required notice or make any such required request to the related franchisor for the transfer or assignment
of such comfort letter or issuance of a new comfort letter (or any such new document or acknowledgement as may be contemplated
under the existing comfort letter), with a copy of such notice or request to the Custodian (who shall include such document in
the related Mortgage File) and the Master Servicer, and the Master Servicer shall use reasonable efforts in accordance with the
Servicing Standard to acquire such

 

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replacement comfort letter, if necessary (or to acquire any such new document or acknowledgement
as may be contemplated under the existing comfort letter), and the Master Servicer shall, as soon as reasonably practicable following
receipt thereof, deliver the original of such replacement comfort letter, new document or acknowledgement, as applicable, to the
Custodian for inclusion in the Mortgage File.

 

SECTION 4     Treatment
as a Security Agreement. Pursuant to Section 1 hereof, the Seller 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 (and, in any event, excluding scheduled
payments of principal and interest 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)          with respect to
the Mortgage Loans (other than any Outside Serviced Mortgage Loan), it shall record and file, or cause a third party on its behalf
to record and file, in the appropriate public recording office for real property records or UCC financing statements, as appropriate,
each related assignment of Mortgage and assignment of Assignment of Leases, and each related UCC-3 financing statement referred
to in the definition of Mortgage File, in each case in favor of the Trustee, as and to the extent contemplated under Section 2.01(c)
of the Pooling and Servicing Agreement. All out of pocket costs and expenses relating to the recordation or filing of such assignments
of Assignment of Leases, assignments of Mortgage and financing statements shall be paid by (or caused to be paid by) the Seller.
If any such document or instrument is lost or returned unrecorded or unfiled, as the case may be, because of a defect therein,
then the Seller shall promptly prepare or cause the preparation of a substitute therefor or cure such defect or cause such defect
to be cured, as the case may be, and the Seller shall record or file, or cause the recording or filing of, such substitute or corrected
document or instrument, or with respect to any assignments that a third party on the Seller’s behalf has agreed to record
or file as described in the Pooling and Servicing Agreement, the Seller shall deliver such substitute or corrected document or
instrument to such third party (or, if the Mortgage Loan is then no longer subject to the Pooling and Servicing Agreement, the
then holder of such Mortgage Loan);

 

(b)          as to each Mortgage
Loan (except with respect to any Outside Serviced Mortgage Loan), if the Seller cannot deliver or cause to be delivered the documents
and/or instruments referred to in clauses (2), (3), (6) (if recorded) and (15) of the definition of “Mortgage File”
in the Pooling and Servicing Agreement solely because of a delay caused by the public recording or filing office where such document
or instrument has been delivered for

 

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recordation or filing, as applicable, it shall forward to the Custodian a copy of the original
certified by the Seller to be a true and complete copy of the original thereof submitted for recording. The Seller shall cause
each assignment referred to in Section (5)(a) above that is recorded and the file copy of each UCC-3 assignment referred
to in Section (5)(a) above to reflect that it should be returned by the public recording or filing office to the Custodian
or its agent following recording (or, alternatively, to the Seller or its designee, in which case the Seller shall deliver or cause
the delivery of the recorded/filed original to the Custodian promptly following receipt); provided that, in those instances
where the public recording office retains the original assignment of Mortgage or assignment of Assignment of Leases, the Seller
or its designee shall obtain and provide to the Custodian a certified copy of the recorded original. On a monthly basis, at the
expense of the Seller, the Custodian shall forward to the Master Servicer a copy of each of the aforementioned assignments following
the Custodian’s receipt thereof;

 

(c)          it shall take
any action reasonably required by the Purchaser, the Certificate Administrator, the Trustee or the Master Servicer in order to
assist and facilitate the transfer of the servicing of the Mortgage Loans (other than any Outside Serviced Mortgage Loan) to the
Master Servicer, including effectuating the transfer of any letters of credit with respect to any Mortgage Loan to the Master Servicer
on behalf of the Trustee for the benefit of Certificateholders and any Serviced Companion Loan Holder. Prior to the date that a
letter of credit with respect to any Mortgage Loan is so transferred to the Master Servicer, the Seller will cooperate with the
reasonable requests of the Master Servicer or the Special Servicer, as applicable, in connection with effectuating a draw under
such letter of credit as required under the terms of the related Loan Documents. Notwithstanding the foregoing, this Section 5(c)
shall not apply with respect to any Outside Serviced Mortgage Loan;

 

(d)          the Seller shall
provide the Master Servicer the initial data with respect to each Mortgage Loan for (i) the CREFC® Financial File and the CREFC®
Loan Periodic Update File that are required to be prepared by the Master Servicer pursuant to the Pooling and Servicing Agreement
and (ii) the Supplemental Servicer Schedule;

 

(e)          if (during the
period of time that the Underwriters are required, under applicable law, to deliver a prospectus related to the Public Certificates
in connection with sales of the Public Certificates by an Underwriter or a dealer) the Seller has obtained actual knowledge of
undisclosed or corrected information related to an event that occurred prior to the Closing Date, which event causes there to be
an untrue statement of a material fact with respect to the Seller Information in (i) the Prospectus dated February 3, 2016 relating
to the Public Certificates, the annexes and exhibits thereto and any electronic media delivered therewith, or (ii) the Offering
Circular dated February 3, 2016 relating to the Private Certificates, the annexes and exhibits thereto and any electronic media
delivered therewith (collectively, the “Offering Documents”), or causes there to be an omission to state therein
a material fact with respect to the Seller Information required to be stated therein or necessary to make the statements therein
with respect to the Seller Information, in the light of the circumstances under which they were made, not misleading, then the
Seller shall promptly notify the Dealers and the Depositor. If as a result of any such event the Dealers’ legal counsel determines
that it is necessary to amend or supplement the Offering Documents in order to correct the untrue statement, or to make the statements
therein, in the light of the circumstances when the Offering Documents are delivered to a purchaser, not misleading, or to make
the Offering Documents in compliance with

 

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applicable law, the Seller shall (to the extent that such amendment or supplement solely
relates to the Seller Information) at the expense of the Seller, do all things reasonably necessary to assist the Depositor to
prepare and furnish to the Dealers, such amendments or supplements to the Offering Documents as may be necessary so that the Seller
Information in the Offering Documents, as so amended or supplemented, will not contain an untrue statement, will not, in the light
of the circumstances when the Offering Documents are delivered to a purchaser, be misleading and will comply with applicable law.
(All capitalized terms used in this Section 5(e) and not otherwise defined in this Agreement shall have the meanings
set forth in the Indemnification Agreement, dated as of February 3, 2016, between the Underwriters, the Initial Purchasers, the
Seller and the Depositor (the “Indemnification Agreement” and, together with this Agreement, the “Operative
Documents”));

 

(f)          for so long as
the Trust Fund is subject to the reporting requirements of the Exchange Act, the Seller shall provide the Depositor and the Certificate
Administrator with any Additional Form 10-D Disclosure, any Additional Form 10-K Disclosure and any Form 8-K Disclosure Information
for which the Seller is responsible as indicated on Exhibit U, Exhibit V and Exhibit Z to the Pooling and Servicing
Agreement within the time periods set forth in the Pooling and Servicing Agreement; provided that, in connection with providing
Additional Form 10-K Disclosure and the Seller’s reporting obligations under Item 1119 of Regulation AB, upon reasonable
request by the Seller, the Purchaser shall provide the Seller with a list of all parties to the Pooling and Servicing Agreement
and any other Servicing Function Participant;

 

(g)          within sixty (60)
days after the Closing Date, the Seller shall deliver or cause to be delivered an electronic copy of the Diligence File for each
Mortgage Loan to the Depositor by uploading such Diligence File (including, if applicable, any additional documents or information
that the Seller believes should be included to enable the Asset Representations Reviewer to perform an Asset Review on such Mortgage
Loan; provided that such documents or information are clearly labeled and identified) to the Designated Site, each such
Diligence File being organized and categorized in accordance with the electronic file structure reasonably requested by the Depositor;

 

(h)          within sixty (60)
days after the Closing Date, the Seller shall provide each of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Custodian, the Controlling Class Representative, the Asset Representations Reviewer and the Operating
Advisor with a certification by an authorized officer of the Seller that the electronic copy of the Diligence File for each Mortgage
Loan uploaded to the Designated Site contains all documents required under the definition of “Diligence File” and such
Diligence Files are organized and categorized in accordance with the electronic file structure reasonably requested by the Depositor;

 

(i)          upon written request
of the Asset Representations Reviewer (in the event that the Asset Representations Reviewer reasonably determines that any Review
Materials made available or delivered to the Asset Representations Reviewer are missing any documents or information required to
complete any Test for a Delinquent Loan), the Seller shall provide to the Asset Representations Reviewer (or the Master Servicer
or the Special Servicer at the request of the Asset Representations Reviewer) within ten (10) Business Days of receipt of such
written request, such documents and information requested by the Asset Representations Reviewer and

 

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reasonably available to the
Seller relating to each Delinquent Loan to enable the Asset Representations Reviewer to complete any Test for a Delinquent Loan,
but only to the extent such documents or information is in the possession of the Seller; provided that the Seller shall
not be required to provide any documents or information that is proprietary to the related originator or the Seller or any draft
documents, privileged or internal communications, credit underwriting or due diligence analysis (in connection with providing any
requested documents or information to the Master Servicer or the Special Servicer, the Seller shall use reasonable efforts to clearly
identify such documents and information as being delivered in response to a request from the Asset Representations Reviewer and
as being required to be transmitted to the Asset Representations Reviewer; provided that the absence of any such identification
shall not relieve the Master Servicer or the Special Servicer, as the case may be, from any obligations under the Pooling and Servicing
Agreement to transmit any such documents or information to the Asset Representations Reviewer);

 

(j)          upon the completion
of an Asset Review with respect to each Mortgage Loan and receipt of a written request from the Asset Representations Reviewer,
the Seller shall pay a fee of (i) $15,000 plus $1,000 per additional Mortgaged Property with respect to each Mortgage Loan subject
to an Asset Review with a Cut-Off Date Balance less than $15,000,000, (ii) $20,000 plus $1,000 per additional Mortgaged Property
with respect to each Mortgage Loan subject to an Asset Review with a Cut-Off Date Balance greater than or equal to $15,000,000,
but less than $30,000,000 or (iii) $25,000 plus $1,000 per additional Mortgaged Property with respect to each Mortgage Loan subject
to an Asset Review with a Cut-Off Date Balance greater than or equal to $30,000,000, in each case within ninety (90) days of such
written request by the Asset Representations Reviewer;

 

(k)          If the Preliminary
Asset Review Report indicates that any of the representations and warranties fails or is deemed to fail any Test, the Seller shall
have 90 days from receipt of the Preliminary Asset Review Report (the “Cure/Contest Period”) to remedy or otherwise
refute the Test failure indicated in the Preliminary Asset Review Report. If the Seller elects to refute the Test failure indicated
in the Preliminary Asset Review Report, the Seller shall provide any information and documents or any explanations to support (i)
a conclusion that a subject representation and warranty has not failed a Test or (ii) a claim that any missing information or documents
in the Review Materials are not required to complete a Test, in any such case to the Master Servicer (with respect to Performing
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans);

 

(l)          the Seller acknowledges
and agrees that in the event an Enforcing Party elects a dispute resolution method pursuant to Section 2.03 of the Pooling and
Servicing Agreement, the Seller shall abide by the selected dispute resolution method and otherwise comply with the terms and provisions
set forth in the Pooling and Servicing Agreement (including the exhibits thereto) related to the resolution method;

 

(m)         the Seller shall
indemnify and hold harmless the Purchaser against any and all expenses, losses, claims, damages and other liabilities, including
without limitation the costs of investigation, legal defense and any amounts paid in settlement of any claim or litigation arising
out of or based upon (i) any failure of the Seller to pay the fees described under Section 5(j) above within 90 days of
written request by the Asset Representations Reviewer or (ii) any

 

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failure by the Seller to provide all documents and information
required to be delivered by it pursuant to this Agreement and under the definition of “Diligence File” in the Pooling
and Servicing Agreement within 60 days of the Closing Date (or such later date specified herein or in the Pooling and Servicing
Agreement); and

 

(n)          with respect to
any Mortgage Loan that is (or may become pursuant to the related Co-Lender Agreement) part of an Outside Serviced Loan Combination,
(x) in the event that the Closing Date occurs prior to the closing date of the creation of the related Outside Securitization Trust
(such event, the “Outside Securitization”), the Seller shall provide (or cause to be provided) to the Depositor
and the Trustee (1) written notice in a timely manner of (but no later than three (3) Business Days prior to) the closing of such
Outside Securitization, and (2) no later than the closing date of such Outside Securitization, a copy of the Outside Servicing
Agreement in an EDGAR-compatible format, and (y) in the event that the Closing Date occurs after the closing of the Outside Securitization,
the Seller shall provide, or cause the Outside Depositor to provide, the Depositor (and counsel thereto) with a copy of the related
Outside Servicing Agreement (together with any amendments thereto) in an EDGAR-compatible format by the later of (1) two (2)
Business Days prior to the Closing Date and (2) the closing date of such Outside Securitization.

 

SECTION 6     Representations
and Warranties.

 

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

 

(i)          The
Seller is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware
with full power and authority to own its assets and conduct its business, is duly qualified as a foreign organization in good standing
in all jurisdictions to the extent such qualification is necessary to hold and sell the Mortgage Loans or otherwise comply with
its obligations under this Agreement except where the failure to be so qualified would not have a material adverse effect on its
ability to perform its obligations hereunder, and the Seller has taken all necessary action to authorize the execution and delivery
of, and performance under, the Operative Documents and has duly executed and delivered each Operative Document, and has the power
and authority to execute, deliver and perform under each Operative Document and all the transactions contemplated hereby and thereby,
including, but not limited to, the power and authority to sell, assign, transfer, set over and convey the Mortgage Loans in accordance
with this Agreement;

 

(ii)          Assuming
the due authorization, execution and delivery of this Agreement by the Purchaser, this Agreement will constitute a legal, valid
and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforcement may
be limited by (A) bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement
of creditors’ rights generally, (B) general principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or at law) and (C) public policy considerations underlying the securities laws, to the extent that such
public policy considerations limit the

 

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enforceability of the provisions of this Agreement that purport to provide indemnification
for securities laws liabilities;

 

(iii)         The
execution and delivery of each Operative Document by the Seller and the performance of its obligations hereunder and thereunder
will not conflict with any provision of any law or regulation to which the Seller is subject, or conflict with, result in a breach
of, or constitute a default under, any of the terms, conditions or provisions of any of the Seller’s organizational documents
or any agreement or instrument to which the Seller is a party or by which it is bound, or any order or decree applicable to the
Seller, or result in the creation or imposition of any lien on any of the Seller’s assets or property, in each case, which
would materially and adversely affect the ability of the Seller to carry out the transactions contemplated by the Operative Documents;

 

(iv)         There
is no action, suit, proceeding or investigation pending or, to the Seller’s knowledge, threatened against the Seller in any
court or by or before any other governmental agency or instrumentality which would materially and adversely affect the validity
of the Mortgage Loans or the ability of the Seller to carry out the transactions contemplated by each Operative Document;

 

(v)          The
Seller 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, in the Seller’s good faith and reasonable judgment,
is likely to materially and adversely affect the condition (financial or other) or operations of the Seller or its properties or
might have consequences that, in the Seller’s good faith and reasonable judgment, is likely to materially and adversely affect
its performance under any Operative Document;

 

(vi)         No
consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and
performance by the Seller of, or compliance by the Seller with, each Operative Document or the consummation of the transactions
contemplated hereby or thereby, other than those which have been obtained by the Seller; and

 

(vii)       The
transfer, assignment and conveyance of the Mortgage Loans by the Seller to the Purchaser is not subject to bulk transfer laws or
any similar statutory provisions in effect in any applicable jurisdiction.

 

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

 

(i)          The
Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, with
full corporate power and authority to own its assets and conduct its business, is duly qualified as a foreign corporation in good
standing in all jurisdictions in which the 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 ability of the Purchaser to perform
its obligations hereunder, and the Purchaser has taken all necessary

 

    	-10-

    	 

    

 

action to authorize the execution, delivery and performance
of this Agreement by it, and has duly executed and delivered this Agreement, and has the power and authority to execute, deliver
and perform this Agreement and all the transactions contemplated hereby;

 

(ii)          Assuming
the due authorization, execution and delivery of this Agreement by the Seller, this Agreement will constitute a legal, valid and
binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as such enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement
of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or at law);

 

(iii)         The
execution and delivery of this Agreement by the Purchaser and the performance of its obligations hereunder will not conflict with
any provision of any law or regulation to which the Purchaser is subject, or conflict with, result in a breach of, or constitute
a default under, any of the terms, conditions or provisions of any of the Purchaser’s organizational documents or any agreement
or instrument to which the Purchaser is a party or by which it is bound, or any order or decree applicable to the Purchaser, or
result in the creation or imposition of any lien on any of the Purchaser’s assets or property, in each case which would materially
and adversely affect the ability of the Purchaser to carry out the transactions contemplated by this Agreement;

 

(iv)         There
is no action, suit, proceeding or investigation pending or, to the Purchaser’s knowledge, threatened against the Purchaser
in any court or by or before any other governmental agency or instrumentality which would materially and adversely affect the validity
of this Agreement or any action taken in connection with the obligations of the Purchaser contemplated herein, or which would be
likely to impair materially the ability of the Purchaser to perform under the terms of this Agreement;

 

(v)         The
Purchaser 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 under any Operative Document; and

 

(vi)         No
consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and
performance by the Purchaser of, or compliance by the Purchaser with, this Agreement or the consummation of the transactions contemplated
by this Agreement other than those that have been obtained by the Purchaser.

 

(vii)          The
Purchaser has (i) prepared a report on Form ABS-15G under the Exchange Act (the “Form 15G”) that attaches the
Accountant’s Third-Party Due Diligence Report (as defined herein) (a final draft of which Form 15G was provided to the Seller
at least 5 business days before the first pricing date with respect to the

 

    	-11-

    	 

    

 

Certificates); and (ii) furnished the Form 15G to the
Commission (as defined herein) on EDGAR at least 5 business days before the first pricing date with respect to the Certificates
as required by Rule 15Ga-2 under the Exchange Act.

 

(c)          The Seller further
makes the representations and warranties as to the Mortgage Loans set forth in Exhibit B to this Agreement as of the
Cut-Off Date or such other date set forth in Exhibit B to this Agreement, which representations and warranties are
subject to the exceptions thereto set forth in Exhibit C to this Agreement.

 

(d)          Pursuant to the
Pooling and Servicing Agreement, if (i) any party thereto (other than the Asset Representations Reviewer) discovers or receives
notice alleging that any document constituting a part of a Mortgage File has not been properly executed, is missing, contains information
that does not conform in any material respect with the corresponding information set forth in the Mortgage Loan Schedule, or does
not appear to be regular on its face (each, a “Document Defect”), or discovers or receives notice alleging a
breach of any representation or warranty of the Seller made pursuant to Section 6(c) of this Agreement with respect
to any Mortgage Loan (a “Breach”) or (ii) the Special Servicer or the Purchaser receives a Repurchase Request,
then such party is required to give prompt written notice thereof to the Seller.

 

(e)          Pursuant to the
Pooling and Servicing Agreement, the Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with
respect to Specially Serviced Loans) is required to determine whether any such Document Defect or Breach with respect to any Mortgage
Loan materially and adversely affects, or such Document Defect is deemed in accordance with Section 2.03 of the Pooling and
Servicing Agreement to materially and adversely affect, the value of the Mortgage Loan or any related REO Property or the interests
of the Certificateholders therein or causes any Mortgage Loan to fail to be a Qualified Mortgage (any such Document Defect shall
constitute a “Material Document Defect” and any such Breach shall constitute a “Material Breach”;
and a Material Breach and/or a Material Document Defect, as the case may be, shall constitute a “Material Defect”).
If such Document Defect or Breach has been determined to be a Material Defect, then the Special Servicer will be required to give
prompt written notice thereof to the Seller. Promptly upon becoming aware of any such Material Defect (including, without limitation,
through a written notice given by any party to the Pooling and Servicing Agreement, as provided above if the Document Defect or
Breach identified therein is a Material Defect), the Seller shall, not later than 90 days from the earlier of the Seller’s
(x) discovery of, and (y) receipt of notice of and receipt of a demand to take action with respect to such Material Defect (or,
in the case of a Material Defect relating to a Mortgage Loan not being a Qualified Mortgage, not later than 90 days from any
party discovering such Material Defect), cure the same in all material respects (which cure shall include payment of any losses
and Additional Trust Fund Expenses associated therewith (including, if applicable, the amount of any fees of the Asset Representations
Reviewer payable pursuant to Section 5(j) above attributable to the Asset Review of such Mortgage Loan)) or, if such Material Defect
cannot be cured within such 90-day period, the Seller shall (before the end of such 90-day period) either: (i) repurchase the affected
Mortgage Loan or any related REO Property (or the Trust Fund’s interest therein) at the applicable Purchase Price by wire
transfer of immediately available funds to the Collection Account; or (ii) substitute a Qualified Substitute Mortgage Loan for
such affected Mortgage Loan (provided that in no event shall any such

 

    	-12-

    	 

    

 

substitution occur later than the second anniversary of the
Closing Date) and pay the Master Servicer, for deposit into the Collection Account, any Substitution Shortfall Amount in connection
therewith; provided, however, that if (i) such Material Defect is capable of being cured but not within such
90-day period, (ii) such Material Defect is not related to any Mortgage Loan’s not being a Qualified Mortgage and (iii) the
Seller has commenced and is diligently proceeding with the cure of such Material Defect within such 90-day period, then the Seller
shall have an additional 90 days to complete such cure (or, in the event of a failure to so cure, to complete such repurchase
of the related Mortgage Loan or substitute a Qualified Substitute Mortgage Loan as described above) it being understood and agreed
that, in connection with the Seller’s receiving such additional 90-day period, the Seller shall deliver an Officer’s
Certificate to the Trustee, the Special Servicer and the Certificate Administrator setting forth the reasons such Material Defect
is not capable of being cured within the initial 90-day period and what actions the Seller is pursuing in connection with the cure
thereof and stating that the Seller anticipates that such Material Defect will be cured within such additional 90-day period; and
provided, further, that, if any such Material Document Defect is still not cured after the initial 90-day period
and any such additional 90-day period solely due to the failure of the Seller to have received the recorded document, then the
Seller shall be entitled to continue to defer its cure, repurchase and/or substitution obligations in respect of such Document
Defect so long as the Seller certifies to the Trustee, the Special Servicer and the Certificate Administrator every 30 days
thereafter that the Document Defect is still in effect solely because of its failure to have received the recorded document and
that the Seller is diligently pursuing the cure of such defect (specifying the actions being taken), except that no such deferral
of cure, repurchase or substitution may continue beyond the date that is 18 months following the Closing Date. Any such repurchase
or substitution of a Mortgage Loan shall be on a whole loan, servicing released basis. The Seller shall have no obligation to monitor
the Mortgage Loans regarding the existence of a Breach or a Document Defect, but if the Seller discovers a Material Defect with
respect to a Mortgage Loan, it will notify the Purchaser. Monthly Payments due with respect to each Qualified Substitute Mortgage
Loan (if any) after the related Due Date in the month of substitution, and Monthly Payments due with respect to each Mortgage Loan
being repurchased or replaced after the related Cut-Off Date and received by the Master Servicer or the Special Servicer on behalf
of the Trust on or prior to the related date of repurchase or substitution, shall be part of the Trust Fund. Monthly Payments due
with respect to each Qualified Substitute Mortgage Loan (if any) on or prior to the related Due Date in the month of substitution,
and Monthly Payments due with respect to each Mortgage Loan being repurchased or replaced and received by the Master Servicer or
the Special Servicer on behalf of the Trust after the related date of repurchase or substitution, shall not be part of the Trust
Fund and shall be required, under the Pooling and Servicing Agreement, to be remitted by the Master Servicer to the Seller promptly
following receipt. From and after the date of substitution, each Qualified Substitute Mortgage Loan, if any, that has been substituted
shall be deemed to constitute a “Mortgage Loan” hereunder for all purposes. No mortgage loan may be substituted for
a Defective Mortgage Loan as contemplated by this Section 6(e) if the Mortgage Loan to be replaced was itself a Qualified
Substitute Mortgage Loan that had replaced a prior Mortgage Loan, in which case, absent a cure (including by the making of a Loss
of Value Payment pursuant to the following paragraph) of the relevant Material Defect, the affected Mortgage Loan will be required
to be repurchased.

 

    	-13-

    	 

    

 

Notwithstanding the foregoing
provisions of this Section 6(e), in lieu of the Seller performing its obligations with respect to any Material Defect as
set forth in the preceding paragraph, to the extent that the Seller and the Purchaser (or, following the assignment of the Mortgage
Loans to the Trust, the Seller and the Master Servicer or the Special Servicer, as the case may be, on behalf of the Trust, and
with the consent of the Controlling Class Representative (other than with respect to any Excluded Mortgage Loan) prior to the occurrence
of a Control Termination Event) are able to agree upon a cash payment payable by the Seller to the Purchaser or the Trust, as applicable,
that would be deemed sufficient to compensate the Purchaser or the Trust, as applicable, for a Material Defect (a “Loss
of Value Payment”), the Seller may elect, in its sole discretion, to pay such Loss of Value Payment to the Purchaser
or the Trust, as applicable; provided, that a Material Defect as a result of a Mortgage Loan not constituting a Qualified
Mortgage, may not be cured by a Loss of Value Payment; and provided, further that the Loss of Value Payment shall
include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and the portion
of fees of the Asset Representations Reviewer attributable to the Asset Review of such Mortgage Loan. Upon its making such payment,
the Seller shall be deemed to have cured such Material Defect in all respects. Provided that such Loss of Value Payment is made,
this paragraph describes the sole remedy available to the Purchaser or the Trust, as applicable, and its assignees regarding any
such Material Defect, and the Seller shall not be obligated to repurchase or replace the affected Mortgage Loan or otherwise cure
such Material Defect.

 

If (x) a Mortgage
Loan is to be repurchased or replaced as described above (a “Defective Mortgage Loan”), (y) such Defective
Mortgage Loan is part of a Cross-Collateralized Group and (z) the applicable Document Defect or Breach does not constitute
a Material Document Defect or Material Breach, as the case may be, as to the other Mortgage Loan(s) that are a part of such Cross-Collateralized
Group (the “Other Crossed Loans”) (without regard to this paragraph), then the applicable Document Defect or
Breach (as the case may be) shall be deemed to constitute a Material Document Defect or Material Breach, as the case may be, as
to each such Other Crossed Loan for purposes of the above provisions, and the Seller shall be obligated to repurchase or replace
each such Other Crossed Loan in accordance with the provisions above unless, in the case of such Breach or Document Defect:

 

(A) the
Seller (at its expense) delivers or causes to be delivered to the Trustee, the Master Servicer and the Special Servicer an Opinion
of Counsel to the effect that such Seller’s repurchase or replacement of only those Mortgage Loans as to which a Material
Defect has actually occurred without regard to the provisions of this paragraph (the “Affected Loan(s)”) and the
operation of the remaining provisions of this Section 6(e) (i) will not cause either Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of subchapter J of the Code
for federal income tax purposes at any time that any Certificate is outstanding and (ii) will not result in the imposition of a
tax upon either Trust REMIC or the Trust Fund (including but not limited to the tax on “prohibited transactions” as
defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the
Code); and

 

    	-14-

    	 

    

 

(B) each
of the following conditions would be satisfied if the Seller were to repurchase or replace only the Affected Loans and not the
Other Crossed Loans:

 

(1)
the debt service coverage ratio for such Other Crossed Loan(s) (excluding the Affected Loan(s)) for the four calendar
quarters immediately preceding the repurchase or replacement is not less than the lesser of (A) 0.10x below the debt
service coverage ratio for the Cross-Collateralized Group (including the Affected Loan(s)) set forth in Annex A
to the Prospectus and (B) the debt service coverage ratio for the Cross-Collateralized Group (including the Affected
Loan(s)) for the four preceding calendar quarters preceding the repurchase or replacement;

 

(2)
the loan-to-value ratio for the Other Crossed Loans (excluding the Affected Loan(s)) is not greater than the greatest of
(A) the loan-to-value ratio, expressed as a whole number percentage (taken to one decimal place), for the
Cross-Collateralized Group (including the Affected Loan(s)) set forth in Annex A to the Prospectus plus
10%, (B) the loan-to-value ratio, expressed as a whole number percentage (taken to one decimal place), for the
Cross-Collateralized Group (including the Affected Loan(s)) at the time of repurchase or replacement and (C) 75%; and

 

(3)
either (x) the exercise of remedies against the Primary Collateral of any Mortgage Loan in the Cross-Collateralized Group
will not impair the ability to exercise remedies against the Primary Collateral of the other Mortgage Loans in the
Cross-Collateralized Group or (y) the Loan Documents evidencing and securing the relevant Mortgage Loans have been modified
in a manner that complies with this Agreement and the Pooling and Servicing Agreement and that removes any threat of
impairment of the ability to exercise remedies against the Primary Collateral of the other Mortgage Loans in the
Cross-Collateralized Group as a result of the exercise of remedies against the Primary Collateral of any Mortgage Loan in the
Cross-Collateralized Group.

 

The determination of
the Master Servicer or the Special Servicer, as applicable, as to whether the conditions set forth above have been satisfied shall
be conclusive and binding in the absence of manifest error on the Certificateholders, other parties to the Pooling and Servicing
Agreement and the Seller. The Master Servicer or the Special Servicer, as applicable, will be entitled to cause to be delivered,
or direct the Seller to (in which case the Seller shall) cause to be delivered, to the Master Servicer or the Special Servicer,
as applicable, an Appraisal of any or all of the related Mortgaged Properties for purposes of determining whether the condition
set forth in clause (B)(2) above has been satisfied, in each case at the expense of the Seller if the scope and cost
of the Appraisal is approved by the Seller and, prior to the occurrence and continuance of a Control Termination Event, the Controlling
Class Representative (such approval not to be unreasonably withheld in each case).

 

    	-15-

    	 

    

 

With respect to any Defective
Mortgage Loan that forms a part of a Cross-Collateralized Group and as to which the conditions described in the second preceding
paragraph are satisfied, such that the Trust Fund will continue to hold the Other Crossed Loans, the Seller and the Depositor agree
to forbear from enforcing any remedies against the other’s Primary Collateral but each is permitted to exercise remedies
against the Primary Collateral securing its respective Mortgage Loans, including with respect to the Trustee, the Primary Collateral
securing the Affected Loan(s) still held by the Trustee. If the exercise of remedies by one such party would impair the ability
of the other such party to exercise its remedies with respect to the Primary Collateral securing the Affected Loan or the Other
Crossed Loans, as the case may be, held by the other such party, then both parties shall forbear from exercising such remedies
unless and until the Loan Documents evidencing and securing the relevant Mortgage Loans can be modified in a manner that complies
with this Agreement to remove the threat of impairment as a result of the exercise of remedies. Any reserve or other cash collateral
or letters of credit securing any of the Mortgage Loans that form a Cross-Collateralized Group shall be allocated between such
Mortgage Loans in accordance with the related Loan Documents, or otherwise on a pro rata basis based upon their outstanding
Stated Principal Balances. All other terms of the Mortgage Loans shall remain in full force and effect, without any modification
thereof. The provisions of this paragraph shall be binding on all future holders of each Mortgage Loan that forms part of a Cross-Collateralized
Group.

 

The Pooling and Servicing
Agreement provides that, to the extent necessary and appropriate, the Master Servicer or Special Servicer, as applicable, will
execute (pursuant to a limited power of attorney provided by the Trustee who will not be liable for any misuse of any such power
of attorney by the Master Servicer or Special Servicer, as applicable, or any of its agents or subcontractors) the modification
of the Loan Documents that complies with this Agreement to remove the threat of impairment of the ability of the Seller or the
Trust Fund to exercise its remedies with respect to the Primary Collateral securing the Mortgage Loan(s) held by such party resulting
from the exercise of remedies by the other such party. All costs and expenses incurred by the Trustee, the Special Servicer and
the Master Servicer with respect to any Cross-Collateralized Group pursuant to this paragraph and the first, second and third preceding
paragraphs shall be advanced by the Master Servicer as provided for in Section 2.03(a) of the Pooling and Servicing Agreement,
and such advances and interest thereon shall be included in the calculation of Purchase Price for the Affected Loan(s) to be repurchased
or replaced.

 

Subject to the Seller’s
right to cure set forth above in this Section 6(e), and further subject to Sections 2.01(b) and 2.01(c) of the Pooling
and Servicing Agreement, failure of the Seller to deliver the documents referred to in clauses (1), (2), (7), (8), (18) and (19)
in the definition of “Mortgage File” in the Pooling and Servicing Agreement in accordance with this Agreement and the
Pooling and Servicing Agreement for any Mortgage Loan shall be deemed a Material Document Defect; provided, however,
that no Document Defect (except such deemed Material Document Defect described above) shall be considered to be a Material Document
Defect unless the document with respect to which the Document Defect exists is required in connection with an imminent enforcement
of the lender’s rights or remedies under the related Mortgage Loan, defending any claim asserted by any Mortgagor 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.

 

    	-16-

    	 

    

 

With respect to any Outside
Serviced Mortgage Loan, the Seller agrees that if a “material document defect” (as such term or any analogous term
is defined in the related Outside Servicing Agreement) exists under the related Outside Servicing Agreement with respect to the
related Outside Serviced Companion Loan included in the related Outside Securitization Trust, and such Outside Serviced Companion
Loan is repurchased by or on behalf of such Seller (or other responsible repurchasing entity) from the related Outside Securitization
Trust as a result of such “material document defect” (as such term or any analogous term is defined in such Outside
Servicing Agreement), then the Seller shall repurchase such Outside Serviced Mortgage Loan; provided, however, that
such repurchase obligation does not apply to any “material document defect” (as such term or any analogous term is
defined in the related Outside Servicing Agreement) related solely to the promissory note for such Outside Serviced Companion Loan.

 

(f)          In connection
with any repurchase or substitution of one or more Mortgage Loans pursuant to this Section 6, the Pooling and Servicing
Agreement shall provide that the Trustee, the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer
shall each tender to the repurchasing entity, upon delivery to each of them of a receipt executed by the repurchasing entity evidencing
such repurchase or substitution, all portions of the Mortgage File (including, without limitation, the Servicing File) and other
documents and all Escrow Payments and reserve funds pertaining to such Mortgage Loan possessed by it, and each document that constitutes
a part of the Mortgage File shall be endorsed or assigned to the extent necessary or appropriate to the repurchasing or substituting
entity or its designee in the same manner, but only if the respective documents have been previously assigned or endorsed to the
Trustee, and pursuant to appropriate forms of assignment, substantially similar to the manner and forms pursuant to which such
documents were previously assigned to the Trustee or as otherwise reasonably requested to effect the retransfer and reconveyance
of the Mortgage Loan and the security therefor to the Seller or its designee; provided that such tender by the Trustee and
the Custodian shall be conditioned upon its receipt from the Master Servicer of a Request for Release and an Officer’s Certificate
to the effect that the requirements for repurchase or substitution have been satisfied. In the event a Qualified Substitute Mortgage
Loan is substituted for a Defective Mortgage Loan by the Seller as contemplated by this Section 6, the Seller shall deliver
to the Custodian the related Mortgage File and to the Master Servicer all Escrow Payments and reserve funds pertaining to such
Qualified Substitute Mortgage Loan possessed by it and a certification to the effect that such Qualified Substitute Mortgage Loan
satisfies all of the requirements of the definition of “Qualified Substitute Mortgage Loan” in the Pooling and Servicing
Agreement.

 

If any Mortgage Loan
is to be repurchased or replaced as contemplated by this Section 6, the Seller shall amend the Mortgage Loan Schedule to
reflect the removal of any deleted Mortgage Loan and, if applicable, the substitution of the related Qualified Substitute Mortgage
Loan(s) and deliver or cause the delivery of such amended Mortgage Loan Schedule to the parties to the Pooling and Servicing Agreement.
Upon any substitution of a Qualified Substitute Mortgage Loan for a deleted Mortgage Loan, such Qualified Substitute Mortgage Loan
shall become part of the Trust Fund and be subject to the terms of this Agreement in all respects.

 

(g)          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

 

    	-17-

    	 

    

 

the
respective parties, notwithstanding any restrictive or qualified endorsement on the Notes or Assignment of Mortgage or the examination
of the Mortgage Files.

 

(h)          Each party hereto
agrees to promptly notify the other party of any breach of a representation or warranty contained in Section 6(c) of this
Agreement. The Seller’s obligation to cure any Material Defect or to repurchase, or substitute for, or make a Loss of Value
Payment with respect to, any affected Mortgage Loan pursuant to this Section 6 shall constitute the sole remedy available
to the Purchaser in connection with a breach of any of the Seller’s representations or warranties contained in Section
6(c) of this Agreement or a Document Defect with respect to any Mortgage Loan.

 

(i)           The Seller shall
promptly notify the Depositor if (i) the Seller receives a Repurchase Communication of a Repurchase Request (other than from the
Depositor), (ii) the Seller repurchases or replaces a Mortgage Loan, (iii) the Seller receives a Repurchase Communication of a
Repurchase Request Withdrawal (other than from the Depositor) or (iv) the Seller rejects or disputes any Repurchase Request. Each
such notice shall be given no later than the tenth (10th) Business Day after (A) with respect to clauses (i) and (iii) of the preceding
sentence, receipt of a Repurchase Communication of a Repurchase Request or a Repurchase Request Withdrawal, as applicable, and
(B) with respect to clauses (ii) and (iv) of the preceding sentence, the occurrence of the event giving rise to the requirement
for such notice, and shall include (1) the identity of the related Mortgage Loan and the person making the Repurchase Request,
(2) the date (x) such Repurchase Communication of such Repurchase Request or Repurchase Request Withdrawal was received, (y) the
related Mortgage Loan was repurchased or replaced or (z) the Repurchase Request was rejected or disputed, as applicable, and (3)
if known, the basis for (x) the Repurchase Request (as asserted in the Repurchase Request) or (y) any rejection or dispute of a
Repurchase Request, as applicable.

 

The Seller shall provide
to the Depositor and the Certificate Administrator the Seller’s “Central Index Key” number assigned by the Securities
and Exchange Commission (the “Commission”) and a true, correct and complete copy of the relevant portions of
any Form ABS-15G that the Seller is required to file with the Commission under Rule 15Ga-1 under the Exchange Act with respect
to the Mortgage Loans, on or before the date that is five (5) Business Days before the date such Form ABS-15G is required
to be filed with the Commission.

 

In addition, the Seller
shall provide the Depositor, upon request, such other information in its possession as would permit the Depositor to comply with
its obligations under Rule 15Ga-1 under the Exchange Act to disclose fulfilled and unfulfilled repurchase requests. Any such
information requested shall be provided as promptly as practicable after such request is made.

 

The Seller agrees that
no Rule 15Ga-1 Notice Provider will be required to provide information in a Rule 15Ga-1 Notice that is protected by the attorney-client
privilege or attorney work product doctrines. In addition, the Seller hereby acknowledges that (i) any Rule 15Ga-1 Notice
provided pursuant to Section 2.03(a) of the Pooling and Servicing Agreement is so provided only to assist the Seller, the
Depositor and their respective Affiliates to comply with Rule 15Ga-1 under the Exchange Act, Items 1104 and 1121 of Regulation
AB and any other requirement of law or regulation and (ii)(A) no action taken by, or inaction of, a Rule 15Ga-1

 

    	-18-

    	 

    

 

Notice
Provider and (B) no information provided pursuant to Section 2.03(a) of the Pooling and Servicing Agreement by a Rule
15Ga-1 Notice Provider shall be deemed to constitute a waiver or defense to the exercise of any legal right the Rule 15Ga-1 Notice
Provider may have with respect to this Agreement, including with respect to any Repurchase Request that is the subject of a Rule
15Ga-1 Notice.

 

Each party hereto agrees
that the receipt of a Rule 15Ga-1 Notice or the delivery of any notice required to be delivered pursuant to this Section 6(i)
shall not, in and of itself, constitute delivery of notice of, receipt of notice of, or knowledge of the Seller of, any Material
Defect.

 

Each party hereto agrees
and acknowledges that, as of the date of this Agreement, the “Central Index Key” number of the Trust Fund is 0001663645.

 

“Repurchase
Communication” means, for purposes of this Section 6(i) only, any communication, whether oral or written,
which need not be in any specific form.

 

(j)           The Seller hereby
acknowledges and agrees that it has engaged Ernst & Young LLP (the “Accounting Firm”) to perform “due
diligence services” (as defined in Rule 17g-10 under the Exchange Act) with respect to the Mortgage Loans and to prepare
a “third-party due diligence report” (as defined in Rule 15Ga-2 under the Exchange Act) (the “Accountant’s
Third-Party Due Diligence Report”) in connection therewith. The Seller hereby represents and warrants to, and covenants
with, the Depositor that, except with respect to the Accounting Firm and the Accountant’s Third-Party Due Diligence Report,
the Seller, as of the Closing Date, (A) has not obtained any “third-party due diligence report” (as defined in Rule
15Ga-2 under the Exchange Act), and (B) has not retained any third party to engage in, and will not retain any third party to engage
in, any activity that constitutes “due diligence services” (as defined in Rule 17g-10 under the Exchange Act) with
respect to the Mortgage Loans, unless, in the case of the immediately preceding clause (B) and following the Closing Date, the
Seller (i) provides prior written notice to the Depositor, (ii) requires the third-party due diligence provider to comply
with its obligations under Section 15E(s)(4)(B) of, and Rule 17g-10 under, the Exchange Act (including with respect to the timely
delivery to any applicable NRSRO and to the Depositor of a Form ABS Due Diligence-15E), and (iii) facilitates the Depositor’s
compliance with Rule 17g-5(a)(3)(iii)(E) under the Exchange Act, with respect thereto. The Seller further represents and warrants
that no portion of the Accountant’s Third-Party Due Diligence Report contains, with respect to the information contained
therein with respect to the Mortgage Loans, any names, addresses, other personal identifiers or zip codes with respect to any individuals,
or any other personally identifiable or other information that would be associated with an individual, including without limitation
any “nonpublic personal information” within the meaning of Title V of the Gramm-Leach-Bliley Financial Services Modernization
Act of 1999. The Underwriters and Initial Purchasers are third-party beneficiaries of the provisions set forth in this Section
6(j).

 

(k)          The Seller further
represents and warrants that, with respect to any Mortgage Loan that is part of an Outside Serviced Loan Combination (and for which
the depositor under the Outside Servicing Agreement is not the Purchaser), the related Outside Servicing Agreement (or, to the
extent specified on Exhibit E to this Agreement, the related Co-

 

    	-19-

    	 

    

 

Lender
Agreement) contains terms and provisions designed to comply in all material respects with the provisions set forth on Exhibit
E to this Agreement. Following the Closing Date, the Depositor is an intended third-party beneficiary of the provisions set
forth in this Section 6(k).

 

SECTION 7     Review
of Mortgage File. The parties hereto acknowledge that the Custodian will be required to review the Mortgage Files pursuant
to Section 2.02 of the Pooling and Servicing Agreement and if it finds any document or documents not to have been properly
executed, or to be missing or to be defective on its face in any material respect, to notify the Purchaser, which shall promptly
notify the Seller.

 

SECTION 8    Conditions
to Closing. The obligation of the Seller to sell the Mortgage Loans shall be subject to the Seller having received the purchase
price for the Mortgage Loans as contemplated by Section 1 of this Agreement. 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, subject
to any applicable exceptions set forth on Exhibit C to this Agreement, be true and correct in all material respects as of
the Closing Date or as of such other date as of which such representation is made under the terms of Exhibit B to this Agreement,
and no event shall have occurred as of the Closing Date which would constitute a default on the part of the Seller under this Agreement,
and the Purchaser shall have received a certificate to the foregoing effect signed by the Seller substantially in the form of Exhibit D
to this Agreement.

 

(b)          The Pooling and
Servicing Agreement (to the extent it affects the obligations of the Seller hereunder), in such form as is agreed upon and acceptable
to the Purchaser, the Seller, the Underwriters, the Initial Purchasers and their respective counsel in their reasonable discretion,
shall be duly executed and delivered by all signatories as required pursuant to the terms thereof.

 

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

 

(i)           copies
of the Seller’s Articles of Association, charter, by-laws or other organizational documents and all amendments, revisions,
restatements and supplements thereof, certified as of a recent date by the Secretary of the Seller;

 

(ii)          a
certificate as of a recent date of the Secretary of State of the State of Delaware to the effect that the Seller is duly organized,
existing and in good standing in the State of Delaware;

 

(iii)         an
officer’s certificate of the Seller in form reasonably acceptable to the Underwriters, the Initial Purchasers and each Rating
Agency;

 

    	-20-

    	 

    

 

(iv)         an
opinion of counsel of the Seller, subject to customary exceptions and carve-outs, in form reasonably acceptable to the Underwriters,
the Initial Purchasers and each Rating Agency; and

 

(v)          a
letter from counsel of the Seller substantially to the effect that (a) nothing has come to such counsel’s attention
that would lead such counsel to believe that the agreed upon sections of the Preliminary Prospectus, the Prospectus, the Preliminary
Offering Circular or the Final Offering Circular (each as defined in the Indemnification Agreement), as of the date thereof or
as of the Closing Date (or, in the case of the Preliminary Prospectus or the Preliminary Offering Circular, solely as of the time
of sale) contained or contain, as applicable, with respect to the Seller, the Mortgage Loans, any sub-servicers related to the
Mortgage Loans, any related Loan Combination (including, without limitation, the identity of the servicers for, and the terms of
the Outside Servicing Agreement relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any
Loan Combination), the related Mortgaged Properties and the related Mortgagors and their respective affiliates, any untrue statement
of a material fact or omitted or omit to state a material fact necessary in order to make the statements therein relating to the
Seller, the Mortgage Loans, any sub-servicers related to the Mortgage Loans, any related Loan Combination (including, without limitation,
the identity of the servicers for, and the terms of the Outside Servicing Agreement relating to, any Outside Serviced Loan Combination,
and the identity of any co-originator of any Loan Combination), the related Mortgaged Properties and the related Mortgagors and
their respective affiliates, in the light of the circumstances under which they were made, not misleading and (b) the Seller Information
(as defined in the Indemnification Agreement) in the Prospectus appears to be appropriately responsive in all material respects
to the applicable requirements of Regulation AB.

 

(d)          The Public 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 Agreement.

 

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

 

(f)           The Seller shall
furnish the Purchaser, the Underwriters and the Initial Purchasers 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.

 

(g)          An officer of
the Seller (i) prior to the delivery of the Preliminary Prospectus to investors, shall have delivered to the Depositor for the
benefit of the Chief Executive Officer of the Depositor a sub-certification (the “Preliminary Mortgage Loan Seller Sub-Certification”)
to the certification provided by the Chief Executive Officer of the Depositor to the Commission pursuant to Regulation AB; and
(ii) prior to the delivery of the Prospectus to investors, shall have delivered to the Depositor for the benefit of the Chief Executive
Officer of the Depositor a sub-certification (the “Mortgage Loan Seller Sub-Certification”) to the

 

    	-21-

    	 

    

 

certification
provided by the Chief Executive Officer of the Depositor to the Commission pursuant to Regulation AB.

 

SECTION 9     Closing.
The closing for the purchase and sale of the Mortgage Loans shall take place at the offices of Orrick, Herrington & Sutcliffe
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.

 

SECTION 10    Expenses.
The Seller will pay its pro rata share (the Seller’s pro rata portion to be determined according to the percentage that
the aggregate principal balance as of the Cut-Off Date of all the Mortgage Loans represents as 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, but not limited to: (i) the costs and expenses of the
Purchaser in connection with the purchase of the Mortgage Loans; (ii) the costs and expenses of reproducing and delivering
the Pooling and Servicing Agreement and this Agreement and printing (or otherwise reproducing) and delivering the Certificates;
(iii) the reasonable and documented fees, costs and expenses of the Trustee, the Certificate Administrator, the Master Servicer,
the Special Servicer, the Asset Representations Reviewer and their respective counsel; (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 and the Certificates included in the Preliminary Prospectus, the Prospectus, the Preliminary Offering Circular,
the Final Offering Circular and any related disclosure for the initial Form 8-K, 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 (as such term is defined in the Indemnification Agreement), Preliminary
Prospectus, Prospectus, Preliminary Offering Circular and Final Offering Circular and the reproducing and delivery of this Agreement
and the furnishing to the Underwriters of such copies of the Registration Statement, Preliminary Prospectus, Prospectus, Preliminary
Offering Circular, Final Offering Circular and this Agreement as the Underwriters may reasonably request; (viii) the fees
of the rating agency or agencies requested to rate the Certificates; (ix) the reasonable fees and expenses of Orrick, Herrington
& Sutcliffe LLP as counsel to the Depositor; and (x) the reasonable fees and expenses of Mayer Brown LLP, as counsel to the
Underwriters and the Initial Purchasers.

 

If the Seller elects
to exercise its rights under Section 12.14 of the Pooling and Servicing Agreement, then the Seller shall pay the reasonable costs
and expenses (if any) of the Depositor, Master Servicer, Special Servicer and Trustee resulting from such parties’ obligations
to cooperate with the Seller under Section 12.14 of the Pooling and Servicing Agreement.

 

SECTION 11    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

 

    	-22-

    	 

    

 

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 12     Governing
Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF
THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

 

SECTION 13     Waiver
of Jury Trial. THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

SECTION 14     Submission
to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW
YORK LOCATED IN NEW YORK COUNTY AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR
THE PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE
OF AN INCONVENIENT FORUM IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION
OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN
ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL
ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER AND AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS
IN ANY MANNER PERMITTED BY LAW.

 

SECTION 15     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 6 and Section 16.

 

SECTION 16     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. The Seller hereby acknowledges its obligations pursuant to Sections 2.01, 2.02 and 2.03 of the
Pooling and Servicing Agreement. This Agreement shall

 

    	-23-

    	 

    

 

bind
and inure to the benefit of and be enforceable by the Seller, the Purchaser and their permitted successors and assigns. Any Person
into which the Seller may be merged or consolidated, or any Person resulting from any merger, conversion or consolidation to which
the Seller may become a party, or any Person succeeding to all or substantially all of the business of the Seller, shall be the
successor to the Seller hereunder without any further act. 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,
but shall not be further assigned by the Trustee to any Person.

 

SECTION 17     Notices.
All communications hereunder shall be in writing and effective only upon receipt and (i) if sent to the Purchaser, will be
mailed, hand delivered, couriered or sent by fax transmission or electronic mail and confirmed to it at Citigroup Commercial Mortgage
Securities Inc., 390 Greenwich Street, 5th Floor, New York, New York 10013, to the attention of Paul Vanderslice, fax number (212)
723-8599, and 390 Greenwich Street, 7th Floor, New York, New York 10013, to the attention of Richard Simpson, fax number (646)
328-2943, and 388 Greenwich Street, 17th Floor, New York, New York 10013, to the attention of Ryan M. O’Connor, fax number
(646) 862-8988, and with an electronic copy emailed to Richard Simpson at richard.simpson@citi.com and to Ryan M. O’Connor
at ryan.m.oconnor@citi.com, (ii) if sent to the Seller, will be mailed, hand delivered, couriered or sent by fax transmission
or electronic mail and confirmed to it at Starwood Mortgage Funding I LLC, 1601 Washington Ave., Suite 800, Miami Beach, Florida
33139, Attention: Leslie K. Fairbanks, Executive Vice President, fax number: (305) 695-5449, e-mail: lfairbanks@starwood.com,
with a copy to: LNR Property LLC, 1601 Washington Ave., Suite 800, Miami Beach, Florida 33139, Attention: Vincent Kallaher, Senior
Vice President, fax number: (305) 695-5449, email: vkallaher@lnrproperty.com, with a copy to: LNR Property LLC, 1601 Washington
Ave., Suite 800, Miami Beach, Florida 33139, Attention: General Counsel, fax number: (305) 695-5449, email: srivers@lnrproperty.com,
and (iii) in the case of any of the preceding parties, such other address as may hereafter be furnished to the other party
in writing by such parties.

 

SECTION 18     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. 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 to any obligations or
rights of the Seller whatsoever shall be effective against the Seller unless the Seller shall have agreed to such amendment in
writing.

 

SECTION 19     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. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by
facsimile transmission shall be as effective as delivery of a manually executed original counterpart of this Agreement.

 

SECTION 20     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

 

    	-24-

    	 

    

 

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(h) of this Agreement, 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.
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 21     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 22     Miscellaneous.
This Agreement supersedes all prior agreements and understandings relating to the subject matter hereof. Neither this Agreement
nor any term hereof may be waived, discharged or terminated orally, but only by an instrument in writing signed by the party against
whom enforcement of the waiver, discharge or termination is sought.

 

SECTION 23     Further
Assurances. The Seller and Purchaser each agree to execute and deliver such instruments and take such further actions as any
party hereto may, from time to time, reasonably request in order to effectuate the purposes and carry out the terms of this Agreement.

 

* * * * * *

 

    	-25-

    	 

    

  

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

	 	 	 
	 	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.
	 	 	 
	 	By:	/s/ Paul T. Vanderslice
	 	 	Name: Paul T. Vanderslice
	 	 	Title: President

	 	 	 
	 	STARWOOD MORTGAGE FUNDING I
LLC
	 	 	 
	 	By:	/s/ Jerry Hirschkorn
	 	 	Name: Jerry Hirschkorn
	 	 	Title: Vice President

 

     

    	 

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

    	A-1

    	 

    

 

	CGCMT 2016-GC36 Mortgage Loan Schedule - SMF	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Original	 	Remaining	 	 	 	Remaining	 	 	 	 	 	 	 	Crossed
    With	 	 
	Control	 	 	 	Loan	 	 	 	 	 	 	 	 	 	 	 	Cut-Off
    Date	 	Mortgage	 	Term
    To	 	 	 	Amortization
    Term	 	Servicing	 	Subservicing	 	Mortgage
    	 	Other
    Loans	 	ARD
	Number	 	Footnotes	 	Number	 	Property
    Name	 	Address	 	City	 	State	 	Zip
    Code	 	Balance
    ($)	 	Rate	 	Maturity
    Date	 	Maturity
    Date	 	(Mos.)	 	Fee
    Rate (%)	 	Fee
    Rate (%)	 	Loan
    Seller	 	(Crossed
    Group)	 	(Yes/No)
	12	 	(10)	 	1524.00	 	Heinz
    57 Center	 	339
    6th Avenue	 	Pittsburgh	 	Pennsylvania	 	15222	 	25,944,492.59	 	4.99000%	 	118	 	12/6/2025	 	358	 	0.00250%	 	0.043%	 	SMC	 	NAP	 	No
	13	 	 	 	1518.00	 	Northeast
    Corporate Center	 	2350,
    2500 & 2600 Green Road	 	Ann
    Arbor	 	Michigan	 	48105	 	25,000,000.00	 	4.88600%	 	118	 	12/6/2025	 	360	 	0.00250%	 	0.050%	 	SMC	 	NAP	 	No
	24	 	 	 	1539.00	 	6221
    Wilshire Boulevard	 	6221
    Wilshire Boulevard	 	Los
    Angeles	 	California	 	90048	 	12,650,000.00	 	4.95400%	 	119	 	1/6/2026	 	360	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No
	28	 	 	 	TBD	 	Abilene
    Hotel Portfolio	 	 	 	 	 	 	 	 	 	9,500,000.00	 	5.00300%	 	120	 	2/6/2026	 	360	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No
	28.01	 	 	 	TBD	 	Holiday
    Inn Express & Suites - Abilene 	 	1802
    East Overland Trail	 	Abilene	 	Texas	 	79601	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28.02	 	 	 	TBD	 	La
    Quinta Inn & Suites - Abilene 	 	3018
    Catclaw Drive	 	Abilene	 	Texas	 	79606	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	35	 	 	 	1540.00	 	17525
    Ventura Boulevard	 	17525
    Ventura Boulevard	 	Encino	 	California	 	91316	 	7,200,000.00	 	4.95400%	 	119	 	1/6/2026	 	360	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No
	43	 	 	 	TBD	 	Wickiup
    & Ambassador MHP’s	 	 	 	 	 	 	 	 	 	5,665,000.00	 	4.90000%	 	120	 	2/6/2026	 	360	 	0.00500%	 	0.050%	 	SMC	 	NAP	 	No
	43.01	 	 	 	TBD	 	Wickiup
    Manufactured Housing Community	 	2015
    East Old West Highway	 	Apache
    Junction	 	Arizona	 	85119	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	43.02	 	 	 	TBD	 	Ambassador
    Down Manufactured Housing Community	 	2345
    East Main Street	 	Mesa	 	Arizona	 	85213	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	46	 	 	 	1528.00	 	Springhill
    Suites Altamonte	 	205
    West State Route 436	 	Altamonte
    Springs	 	Florida	 	32714	 	5,194,526.02	 	5.04000%	 	119	 	1/6/2026	 	359	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No
	47	 	 	 	1538.00	 	Sleep
    Inn - Manchester 	 	84
    Relco Drive 	 	Manchester	 	Tennessee	 	37355	 	5,192,276.76	 	5.20000%	 	119	 	1/6/2026	 	299	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No
	48	 	 	 	1498.00	 	Freehome
    Village	 	12424
    Cumming Highway	 	Canton	 	Georgia	 	30115	 	5,000,000.00	 	4.61000%	 	116	 	10/6/2025	 	360	 	0.00500%	 	0.000%	 	SMC	 	NAP	 	No

 

    	 

    	 

    

 

	CGCMT 2016-GC36 Mortgage Loan Schedule - SMF	 	 	 	 	 	 	 	 	 	 	 	Serviced
    Companion Loan	 	 	 	Serviced
    Companion Loan	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Remaining	 	Serviced
    Companion Loan	 	Remaining	 	Serviced
    Companion Loan
	Control	 	 	 	Loan	 	 	 	Final	 	ARD	 	Serviced
    Companion Loan	 	Serviced
    Companion Loan	 	Serviced
    Companion Loan	 	Term
    To	 	Maturity	 	Amortization
    Term	 	Servicing
	Number	 	Footnotes	 	Number	 	Property
    Name	 	Maturity
    Date	 	Revised
    Rate	 	Flag	 	Cut-off
    Balance	 	Interest
    Rate	 	Maturity	 	Date	 	(Mos.)	 	Fees
	12	 	(10)	 	1524.00	 	Heinz
    57 Center	 	12/6/2025	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	1518.00	 	Northeast
    Corporate Center	 	12/6/2025	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	24	 	 	 	1539.00	 	6221
    Wilshire Boulevard	 	1/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28	 	 	 	TBD	 	Abilene
    Hotel Portfolio	 	2/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28.01	 	 	 	TBD	 	Holiday
    Inn Express & Suites - Abilene 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28.02	 	 	 	TBD	 	La
    Quinta Inn & Suites - Abilene 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	35	 	 	 	1540.00	 	17525
    Ventura Boulevard	 	1/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	43	 	 	 	TBD	 	Wickiup
    & Ambassador MHP’s	 	2/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	43.01	 	 	 	TBD	 	Wickiup
    Manufactured Housing Community	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	43.02	 	 	 	TBD	 	Ambassador
    Down Manufactured Housing Community	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	46	 	 	 	1528.00	 	Springhill
    Suites Altamonte	 	1/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	47	 	 	 	1538.00	 	Sleep
    Inn - Manchester 	 	1/6/2026	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	48	 	 	 	1498.00	 	Freehome
    Village	 	10/6/2025	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  

	(10)	The
Cut-off Date Balance of $25,944,493 represents the note A-2 of a $76,000,000 loan combination evidenced by two pari passu notes.
The companion loan, note A-1, has a principal balance of $49,893,255 as of the Cut-off Date and was contributed to the JPMCC 2015-JP1
securitization. Cut-off Date LTV Ratio, LTV Ratio at Maturity, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating
Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the whole loan Cut-off Date Balance
of $76,000,000.

 

    	 

    	 

    

  

EXHIBIT B

MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

 

		(1)	Whole Loan; Ownership of Mortgage Loans. Except
with respect to a Mortgage Loan that is part of a Loan Combination, each Mortgage Loan is a whole loan and not a participation
interest in a Mortgage Loan. Each Mortgage Loan that is part of a Loan Combination is a senior or pari passu portion of
a whole loan evidenced by a senior or pari passu note. At the time of the sale, transfer and assignment to Depositor, no
Mortgage Note or Mortgage was subject to any assignment (other than assignments to the Seller), participation or pledge, and the
Seller had good title to, and was the sole owner of, each Mortgage Loan free and clear of any and all liens, charges, pledges,
encumbrances, participations, any other ownership interests on, in or to such Mortgage Loan other than any servicing rights appointment
or similar agreement, any Outside Servicing Agreement with respect to an Outside Serviced Mortgage Loan and rights of the holder
of a related Companion Loan pursuant to a Co-Lender Agreement. The Seller has full right and authority to sell, assign and transfer
each Mortgage Loan, and the assignment to Depositor constitutes a legal, valid and binding assignment of such Mortgage Loan free
and clear of any and all liens, pledges, charges or security interests of any nature encumbering such Mortgage Loan other than
the rights of the holder of a related Companion Loan pursuant to a Co-Lender Agreement.

 

		(2)	Loan Document Status. Each related Mortgage Note,
Mortgage, Assignment of Leases (if a separate instrument), guaranty and other agreement executed by or on behalf of the related
Mortgagor, guarantor or other obligor in connection with such Mortgage Loan is the legal, valid and binding obligation of the
related Mortgagor, guarantor or other obligor (subject to any non-recourse provisions contained in any of the foregoing agreements
and any applicable state anti-deficiency or market value limit deficiency legislation), as applicable, and is enforceable in accordance
with its terms, except (i) as such enforcement may be limited by (a) bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) general principles
of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law) and (ii) that certain
provisions in such Loan Documents (including, without limitation, provisions requiring the payment of default interest, late fees
or prepayment/yield maintenance fees, charges and/or premiums) are, or may be, further limited or rendered unenforceable by or
under applicable law, but (subject to the limitations set forth in clause (i) above) such limitations or unenforceability will
not render such Loan Documents invalid as a whole or materially interfere with the Mortgagee’s realization of the principal
benefits and/or security provided thereby (clauses (i) and (ii) collectively, the “Standard Qualifications”).

 

Except as set
forth in the immediately preceding sentence, there is no valid offset, defense, counterclaim or right of rescission available to
the related Mortgagor with respect to any of the related Mortgage Notes, Mortgages or other Loan Documents, including, without
limitation, any such valid offset, defense, counterclaim or right based

 

    	B-1

    	 

    

 

on intentional fraud by the Seller in connection with the
origination of the Mortgage Loan, that would deny the Mortgagee the principal benefits intended to be provided by the Mortgage
Note, Mortgage or other Loan Documents.

 

		(3)	Mortgage Provisions. The Loan Documents for each
Mortgage Loan contain provisions that 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, nonjudicial foreclosure subject to the limitations set forth in the Standard Qualifications.

 

		(4)	Mortgage Status; Waivers and Modifications. Since
origination and except by written instruments set forth in the related Mortgage File (a) the material terms of such Mortgage,
Mortgage Note, Mortgage Loan guaranty, and related Loan Documents have not been waived, impaired, modified, altered, satisfied,
canceled, subordinated or rescinded in any respect which materially interferes with the security intended to be provided by such
Mortgage; (b) no related Mortgaged Property or any portion thereof has been released from the lien of the related Mortgage in
any manner which materially interferes with the security intended to be provided by such Mortgage or the use or operation of the
remaining portion of such Mortgaged Property; and (c) neither the related Mortgagor nor the related guarantor has been released
from its material obligations under the Mortgage Loan.

 

		(5)	Lien; Valid Assignment. Subject to the Standard
Qualifications, each assignment of Mortgage and assignment of Assignment of Leases to the Trust Fund constitutes a legal, valid
and binding assignment to the Trust Fund. Each related Mortgage and Assignment of Leases is freely assignable without the consent
of the related Mortgagor. Each related Mortgage is a legal, valid and enforceable first lien on the related Mortgagor’s
fee (or if identified on the Mortgage Loan Schedule, leasehold) interest in the Mortgaged Property in the principal amount of
such Mortgage Loan or allocated loan amount (subject only to Permitted Encumbrances (as defined below) and the exceptions to paragraph
(6) set forth on Exhibit C (each such exception, a “Title Exception”)), except as the enforcement
thereof may be limited by the Standard Qualifications. Such Mortgaged Property (subject to and excepting Permitted Encumbrances
and the Title Exceptions) as of origination was, and as of the Cut-Off Date, to the Seller’s knowledge, is free and clear
of any recorded mechanics’ liens, recorded materialmen’s liens and other recorded encumbrances which are prior to
or equal with the lien of the related Mortgage, except those which are bonded over, escrowed for or insured against by a lender’s
title insurance policy (as described below), and, to the Seller’s knowledge and subject to the rights of tenants (as tenants
only) (subject to and excepting Permitted Encumbrances and the Title Exceptions), no rights exist which under law could give rise
to any such lien or encumbrance that would be prior to or equal with the lien of the related Mortgage, except those which are
bonded over, escrowed for or insured against by a lender’s title insurance policy (as described below). Notwithstanding
anything herein to the contrary, no representation is made as to the perfection of any security interest in rents or other personal
property to the extent that possession or control of such items or actions other than the filing of Uniform Commercial Code financing
statements is required in order to effect such perfection.

 

    	B-2

    	 

    

 

		(6)	Permitted Liens; Title Insurance. Each Mortgaged
Property securing a Mortgage Loan is covered by an American Land Title Association loan title insurance policy or a comparable
form of loan title insurance policy approved for use in the applicable jurisdiction (or, if such policy is yet to be issued, by
a pro forma policy, a preliminary title policy with escrow instructions or a “marked up” commitment, in each case
binding on the title insurer) (the “Title Policy”) in the original principal amount of such Mortgage Loan (or
with respect to a Mortgage Loan secured by multiple properties, an amount equal to at least the allocated loan amount with respect
to the Title Policy for each such property) after all advances of principal (including any advances held in escrow or reserves),
that insures for the benefit of the owner of the indebtedness secured by the Mortgage, the first priority lien of the Mortgage,
which lien is subject only to (a) the lien of current real property taxes, water charges, sewer rents and assessments due
and payable but not yet delinquent; (b) covenants, conditions and restrictions, rights of way, easements and other matters
of public record; (c) the exceptions (general and specific) and exclusions set forth in such Title Policy; (d) other matters to
which like properties are commonly subject; (e) the rights of tenants (as tenants only) under leases (including subleases) pertaining
to the related Mortgaged Property and condominium declarations; (f) if the related Mortgage Loan constitutes a Cross-Collateralized
Mortgage Loan, the lien of the Mortgage for another Mortgage Loan contained in the same Cross-Collateralized Group; and (g) if
the related Mortgage Loan is part of a Loan Combination, the rights of the holder(s) of the related Companion Loan(s) pursuant
to the related Co-Lender Agreement; provided that none of items (a) through (g), individually or in the aggregate, materially
and adversely interferes with the value or current use of the Mortgaged Property or the security intended to be provided by such
Mortgage or the Mortgagor’s ability to pay its obligations when they become due (collectively, the “Permitted Encumbrances”).
Except as contemplated by clauses (f) and (g) of the preceding sentence, none of the Permitted Encumbrances are mortgage liens
that are senior to or coordinate and co-equal with the lien of the related Mortgage. Such Title Policy (or, if it has yet to be
issued, the coverage to be provided thereby) is in full force and effect, all premiums thereon have been paid and no claims have
been made by the Seller thereunder and no claims have been paid thereunder. Neither the Seller, nor to the Seller’s knowledge,
any other holder of the Mortgage Loan, has done, by act or omission, anything that would materially impair the coverage under
such Title Policy.

 

		(7)	Junior Liens. It being understood that B notes
secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Mortgage Loan that
is cross-collateralized and cross-defaulted with another Mortgage Loan, there are no subordinate mortgages or junior liens securing
the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes
and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5)
above), and equipment and other personal property financing). Except as set forth on Exhibit B-30-1, the Seller has no
knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

 

		(8)	Assignment of Leases and Rents. There exists as
part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage).
Subject to the Permitted Encumbrances and the Title Exceptions, each related 

 

    	B-3

    	 

    

 

Assignment of Leases creates a valid first-priority
collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease
or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations
of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement
thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable
law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection
of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

 

		(9)	UCC Filings. If the related Mortgaged Property
is operated as a hospitality property, the Seller has filed and/or recorded or caused to be filed and/or recorded (or, if not
filed and/or recorded, submitted in proper form for filing and/or recording), UCC financing statements in the appropriate public
filing and/or recording offices necessary at the time of the origination of the Mortgage Loan to perfect a valid security interest
in all items of physical personal property reasonably necessary to operate such Mortgaged Property owned by such Mortgagor and
located on the related Mortgaged Property (other than any non-material personal property, any personal property subject to a purchase
money security interest, a sale and leaseback financing arrangement as permitted under the terms of the related Loan Documents
or any other personal property leases applicable to such personal property), to the extent perfection may be effected pursuant
to applicable law by recording or filing, as the case may be. Subject to the Standard Qualifications, each related Mortgage (or
equivalent document) creates a valid and enforceable lien and security interest on the items of personalty described above. No
representation is made as to the perfection of any security interest in rents or other personal property to the extent that possession
or control of such items or actions other than the filing of UCC financing statements are required in order to effect such perfection.

 

		(10)	Condition of Property. The Seller or the originator
of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the
Mortgage Loan and within thirteen months of the Cut-Off Date.

 

An engineering
report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than thirteen
months prior to the Cut-Off Date. To the Seller’s knowledge, based solely upon due diligence customarily performed in connection
with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of
any material damage (other than deferred maintenance for which escrows were established at origination) that would affect materially
and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

 

		(11)	Taxes and Assessments. All taxes, governmental
assessments and other outstanding governmental charges (including, without limitation, water and sewage charges), or installments
thereof, which could be a lien on the related Mortgaged Property that would be of equal or superior priority to the lien of the
Mortgage and that prior to the Cut-Off Date have become delinquent in respect of each related Mortgaged Property have been 

 

    	B-4

    	 

    

 

paid,
or an escrow of funds has been established in an amount sufficient to cover such payments and reasonably estimated interest and
penalties, if any, thereon. For purposes of this representation and warranty, real estate taxes and governmental assessments and
other outstanding governmental charges and installments thereof shall not be considered delinquent until the earlier of (a) the
date on which interest and/or penalties would first be payable thereon and (b) the date on which enforcement action is entitled
to be taken by the related taxing authority.

 

		(12)	Condemnation. As of the date of origination and
to the Seller’s knowledge as of the Cut-Off Date, there is no proceeding pending, and, to the Seller’s knowledge as
of the date of origination and as of the Cut-Off Date, there is no proceeding threatened, for the total or partial condemnation
of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

 

		(13)	Actions Concerning Mortgage Loan. As of the date
of origination and to the Seller’s knowledge as of the Cut-Off Date, there was no pending or filed action, suit or proceeding,
arbitration or governmental investigation involving any Mortgagor, guarantor, or Mortgagor’s interest in the Mortgaged Property,
an adverse outcome of which would reasonably be expected to materially and adversely affect (a) such Mortgagor’s title to
the Mortgaged Property, (b) the validity or enforceability of the Mortgage, (c) such Mortgagor’s ability to perform under
the related Mortgage Loan, (d) such guarantor’s ability to perform under the related guaranty, (e) the principal benefit
of the security intended to be provided by the Loan Documents or (f) the current principal use of the Mortgaged Property.

 

		(14)	Escrow Deposits. All escrow deposits and payments
required to be escrowed with Mortgagee pursuant to each Mortgage Loan are in the possession, or under the control, of the Seller
or its servicer, and there are no deficiencies (subject to any applicable grace or cure periods) in connection therewith, and
all such escrows and deposits (or the right thereto) that are required to be escrowed with Mortgagee under the related Loan Documents
are being conveyed by the Seller to Depositor or its servicer.

 

		(15)	No Holdbacks. The principal amount of the Mortgage
Loan stated on the Mortgage Loan Schedule has been fully disbursed as of the Closing Date and there is no requirement for future
advances thereunder (except in those cases where the full amount of the Mortgage Loan has been disbursed but a portion thereof
is being held in escrow or reserve accounts pending the satisfaction of certain conditions relating to leasing, repairs or other
matters with respect to the related Mortgaged Property, the Mortgagor or other considerations determined by the Seller to merit
such holdback).

 

		(16)	Insurance. Each related Mortgaged Property is,
and is required pursuant to the related Mortgage to be, insured by a property insurance policy providing coverage for loss in
accordance with coverage found under a “special cause of loss form” or “all risk form” that includes replacement
cost valuation issued by an insurer meeting the requirements of the related Loan Documents and having a claims-paying or financial
strength rating of at least “A-:VIII” from A.M. Best Company or “A3” (or the equivalent) from Moody’s
Investors Service, Inc. or “A-” from Standard & Poor’s Ratings Services (collectively the 

 

    	B-5

    	 

    

 

“Insurance
Rating Requirements”), in an amount (subject to a customary deductible) not less than the lesser of (1) the original principal
balance of the Mortgage Loan and (2) the full insurable value on a replacement cost basis of the improvements, furniture, furnishings,
fixtures and equipment owned by the Mortgagor and included in the Mortgaged Property (with no deduction for physical depreciation),
but, in any event, not less than the amount necessary or containing such endorsements as are necessary to avoid the operation
of any coinsurance provisions with respect to the related Mortgaged Property.

 

Each related
Mortgaged Property is also covered, and required to be covered pursuant to the related Loan Documents, by business interruption
or rental loss insurance which (subject to a customary deductible) covers a period of not less than 12 months (or with respect
to each Mortgage Loan on a single asset with a principal balance of $50 million or more, 18 months).

 

If any material
part of the improvements, exclusive of a parking lot, located on a Mortgaged Property is in an area identified in the Federal Register
by the Federal Emergency Management Agency as a “Special Flood Hazard Area,” the related Mortgagor is required to maintain
insurance in the maximum amount available under the National Flood Insurance Program.

 

If the Mortgaged
Property is located within 25 miles of the coast of the Gulf of Mexico or the Atlantic coast of Florida, Georgia, South Carolina
or North Carolina, the related Mortgagor is required to maintain coverage for windstorm and/or windstorm related perils and/or
“named storms” issued by an insurer meeting the Insurance Rating Requirements or endorsement covering damage from windstorm
and/or windstorm related perils and/or named storms.

 

The Mortgaged
Property is covered, and required to be covered pursuant to the related Loan Documents, by a commercial general liability insurance
policy issued by an insurer meeting the Insurance Rating Requirements including coverage for property damage, contractual damage
and personal injury (including bodily injury and death) in amounts as are generally required by prudent institutional commercial
mortgage lenders, and in any event not less than $1 million per occurrence and $2 million in the aggregate.

 

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 scenario expected limit
(“SEL”) for the Mortgaged Property in the event of an earthquake. In such instance, the SEL was based on a 475-year
return period, an exposure period of 50 years and a 10% probability of exceedance. If the resulting report concluded that the SEL
would exceed 20% of the amount of the replacement costs of the improvements, earthquake insurance on such Mortgaged Property was
obtained from an insurer rated at least “A:VIII” by A.M. Best Company or “A3” (or the equivalent) from
Moody’s Investors Service, Inc. or “A-” by Standard & Poor’s Ratings Services in an amount not less
than 100% of the SEL.

 

    	B-6

    	 

    

 

The Loan Documents
require insurance proceeds in respect of a property loss to be applied either (a) to the repair or restoration of all or part of
the related Mortgaged Property, with respect to all property losses in excess of 5% of the then outstanding principal amount of
the related Mortgage Loan (or related Loan Combination), the Mortgagee (or a trustee appointed by it) having the right to hold
and disburse such proceeds as the repair or restoration progresses, or (b) to the payment of the outstanding principal balance
of such Mortgage Loan together with any accrued interest thereon.

 

All premiums
on all insurance policies referred to in this section required to be paid as of the Cut-Off Date have been paid, and such insurance
policies name the Mortgagee under the Mortgage Loan and its successors and assigns as a loss payee under a mortgagee endorsement
clause or, in the case of the general liability insurance policy, as named or additional insured. Such insurance policies will
inure to the benefit of the Trustee. Each related Mortgage Loan obligates the related Mortgagor to maintain all such insurance
and, at such Mortgagor’s failure to do so, authorizes the Mortgagee to maintain such insurance at the Mortgagor’s reasonable
cost and expense and to charge such Mortgagor for related premiums. All such insurance policies (other than commercial liability
policies) require at least 10 days’ prior notice to the Mortgagee of termination or cancellation arising because of nonpayment
of a premium and at least 30 days’ prior notice to the Mortgagee of termination or cancellation (or such lesser period, not
less than 10 days, as may be required by applicable law) arising for any reason other than non-payment of a premium and no such
notice has been received by the Seller.

 

		(17)	Access; Utilities; Separate Tax Lots. Each Mortgaged
Property (a) is located on or adjacent to a public road and has direct legal access to such road, or has access via an irrevocable
easement or irrevocable right of way permitting ingress and egress to/from a public road, (b) is served by or has uninhibited
access rights to public or private water and sewer (or well and septic) and all required utilities, all of which are appropriate
for the current use of the Mortgaged Property, and (c) constitutes one or more separate tax parcels which do not include any property
which is not part of the Mortgaged Property or is subject to an endorsement under the related Title Policy insuring the Mortgaged
Property, or in certain cases, an application has been, or will be, made to the applicable governing authority for creation of
separate tax lots, in which case the Mortgage Loan requires the Mortgagor to escrow an amount sufficient to pay taxes for the
existing tax parcel of which the Mortgaged Property is a part until the separate tax lots are created.

 

		(18)	No Encroachments. To the Seller’s knowledge
based solely on surveys obtained in connection with origination and the Mortgagee’s Title Policy (or, if such policy is
not yet issued, a pro forma title policy, a preliminary title policy with escrow instructions or a “marked up” commitment)
obtained in connection with the origination of each Mortgage Loan, all 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 are
within the boundaries of the related Mortgaged Property, except encroachments that do not materially and adversely affect the
value or current use of such Mortgaged Property or for which insurance or endorsements were obtained under the Title Policy. No
improvements on adjoining parcels encroach onto the related Mortgaged Property except for encroachments that do not materially
and adversely affect the value 

 

    	B-7

    	 

    

 

or current use of such Mortgaged Property or for which insurance or endorsements were obtained
under the Title Policy. No improvements encroach upon any easements except for encroachments the removal of which would not materially
and adversely affect the value or current use of such Mortgaged Property or for which insurance or endorsements were obtained
under the Title Policy.

 

		(19)	No Contingent Interest or Equity Participation.
No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature or
an equity participation by the Seller (except that any ARD Mortgage Loan may provide for the accrual of the portion of interest
in excess of the rate in effect prior to its related Anticipated Repayment Date).

 

		(20)	REMIC. The Mortgage Loan is a “qualified
mortgage” within the meaning of Section 860G(a)(3) of the Code (but determined without regard to the rule in Treasury Regulations
Section 1.860G-2(f)(2) that treats certain defective mortgage loans as qualified mortgages), and, accordingly, (A) the issue price
of the Mortgage Loan to the related Mortgagor at origination did not exceed the non-contingent principal amount of the Mortgage
Loan and (B) either: (a) such Mortgage Loan is secured by an interest in real property (including buildings and structural components
thereof, but excluding personal property) having a fair market value (i) at the date the Mortgage Loan (or related Loan Combination)
was originated at least equal to 80% of the adjusted issue price of the Mortgage Loan (or related Loan Combination) on such date
or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the Mortgage Loan (or related Loan Combination)
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; or (b) substantially all of 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 (B)(a)(i) above (substituting the date of the last such modification for
the date the Mortgage Loan was originated) or sub-clause (B)(a)(ii), including the proviso thereto. 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). All terms used in this paragraph shall have the same meanings as set forth in
the related Treasury Regulations.

 

		(21)	Compliance with Usury Laws. The Mortgage Rate (exclusive
of any default interest, late charges, yield maintenance charge, or prepayment premiums) of such Mortgage Loan complied as of
the date of origination with, or was exempt from, applicable state or federal laws, regulations and other requirements pertaining
to usury.

 

    	B-8

    	 

    

 

		(22)	Authorized to do Business. To the extent required
under applicable law, as of the Cut-Off Date or as of the date that such entity held the Mortgage Note, each holder of the Mortgage
Note was authorized to originate, acquire and/or hold (as applicable) the Mortgage Note in the jurisdiction in which each related
Mortgaged Property is located, or the failure to be so authorized does not materially and adversely affect the enforceability
of such Mortgage Loan by the Trust.

 

		(23)	Trustee under Deed of Trust. With respect to each
Mortgage which is a deed of trust, as of the date of origination and, to the Seller’s knowledge, as of the Closing Date,
a trustee, duly qualified under applicable law to serve as such, currently so serves and is named in the deed of trust or has
been substituted in accordance with the Mortgage and applicable law or may be substituted in accordance with the Mortgage and
applicable law by the related Mortgagee.

 

		(24)	Local Law Compliance. To the Seller’s knowledge,
based upon any of a letter from any governmental authorities, a legal opinion, an architect’s letter, a zoning consultant’s
report, an endorsement to the related Title Policy, or other affirmative investigation of local law compliance consistent with
the investigation conducted by the Seller for similar commercial and multifamily mortgage loans intended for securitization, there
are no material violations of applicable zoning ordinances, building codes and land laws (collectively “Zoning Regulations”)
with respect to the improvements located on or forming part of each Mortgaged Property securing a Mortgage Loan as of the date
of origination of such Mortgage Loan (or related Loan Combination, as applicable) or as of the Cut-Off Date, other than those
which (i) are insured by the Title Policy or a law and ordinance insurance policy or (ii) would not have a material
adverse effect on the value, operation or net operating income of the Mortgaged Property. The terms of the Loan Documents require
the Mortgagor to comply in all material respects with all applicable governmental regulations, zoning and building laws.

 

		(25)	Licenses and Permits. Each Mortgagor covenants
in the Loan Documents that it shall keep all material licenses, permits and applicable governmental authorizations necessary for
its operation of the Mortgaged Property in full force and effect, and to the Seller’s knowledge based upon any of a letter
from any government authorities or other affirmative investigation of local law compliance consistent with the investigation conducted
by the Seller for similar commercial and multifamily mortgage loans intended for securitization, all such material licenses, permits
and applicable governmental authorizations are in effect. The Mortgage Loan requires the related Mortgagor to be qualified to
do business in the jurisdiction in which the related Mortgaged Property is located.

 

		(26)	Recourse Obligations. The Loan Documents for each
Mortgage Loan provide that such Mortgage Loan (a) becomes full recourse to the Mortgagor and guarantor (which is a natural person
or persons, or an entity distinct from the Mortgagor (but may be affiliated with the Mortgagor) that has assets other than equity
in the related Mortgaged Property that are not de minimis) in any of the following events: (i) if any voluntary petition for bankruptcy,
insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed
by the Mortgagor; (ii) the Mortgagor or 

 

    	B-9

    	 

    

 

guarantor shall have colluded
with (or, alternatively, solicited or caused to be solicited) other creditors to cause an involuntary bankruptcy filing with respect
to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or equity interests in Mortgagor made in violation
of the Loan Documents; and (b) contains provisions providing for recourse against the Mortgagor and guarantor (which is a natural
person or persons, or an entity distinct from the Mortgagor (but may be affiliated with the Mortgagor) that has assets other than
equity in the related Mortgaged Property that are not de minimis), for losses and damages sustained by reason of Mortgagor’s
(i) misappropriation of rents after the occurrence of an event of default under the Mortgage Loan; (ii) misappropriation of (A)
insurance proceeds or condemnation awards or (B) security deposits or, alternatively, the failure of any security deposits
to be delivered to Mortgagee upon foreclosure or action in lieu thereof (except to the extent applied in accordance with leases
prior to a Mortgage Loan event of default); (iii) fraud or intentional material misrepresentation; (iv) breaches of the environmental
covenants in the Loan Documents; or (v) commission of intentional material physical waste at the Mortgaged Property (but, in some
cases, only to the extent there is sufficient cash flow generated by the related Mortgaged Property to prevent such waste).

 

		(27)	Mortgage Releases. The terms of the related Mortgage
or related Loan Documents do not provide for release of any material portion of the Mortgaged Property from the lien of the Mortgage
except (a) a partial release, accompanied by principal repayment, of not less than a specified percentage at least equal to the
lesser of (i) 110% of the related allocated loan amount of such portion of the Mortgaged Property and (ii) the outstanding
principal balance of the Mortgage Loan, (b) upon payment in full of such Mortgage Loan, (c) upon a Defeasance defined in
(32) below, (d) releases of out-parcels that are unimproved or other portions of the Mortgaged Property which will not have a
material adverse effect on the underwritten value of the Mortgaged Property and which were not afforded any material value in
the appraisal obtained at the origination of the Mortgage Loan and are not necessary for physical access to the Mortgaged Property
or compliance with zoning requirements, or (e) as required pursuant to an order of condemnation or taking by a State or any political
subdivision or authority thereof. With respect to any partial release under the preceding clauses (a) or (d), either: (x) such
release of collateral (i) would not constitute a “significant modification” of the subject Mortgage Loan within
the meaning of Treasury Regulations Section 1.860G-2(b)(2) and (ii) would not cause the subject Mortgage Loan to fail to be a
“qualified mortgage” within the meaning of Section 860G(a)(3)(A) of the Code; or (y) the Mortgagee or servicer can,
in accordance with the related Loan Documents, condition such release of collateral on the related Mortgagor’s delivery
of an opinion of tax counsel to the effect specified in the immediately preceding clause (x). For purposes of the preceding clause
(x), for all Mortgage Loans originated after December 6, 2010, if the fair market value of the real property constituting
such Mortgaged Property (reduced by (1) the amount of any lien on the real property that is senior to the Mortgage Loan and (2)
a proportionate amount of any lien on the real property that is in parity with the Mortgage Loan) after the release is not equal
to at least 80% of the principal balance of the Mortgage Loan (or related Loan Combination) outstanding after the release, the
Mortgagor is required to make a payment of principal in an amount not less than the amount required by the REMIC Provisions.

 

    	B-10

    	 

    

 

With respect
to any partial release under the preceding clause (e), for all Mortgage Loans originated after December 6, 2010, the Mortgagor
can be required to pay down the principal balance of the Mortgage Loan in an amount not less than the amount required by the REMIC
Provisions and, to such extent, such amount may not be required to be applied to the restoration of the Mortgaged Property or released
to the Mortgagor, if, immediately after the release of such portion of the Mortgaged Property from the lien of the Mortgage (but
taking into account the planned restoration) the fair market value of the real property constituting the remaining Mortgaged Property
(reduced by (1) the amount of any lien on the real property that is senior to the Mortgage Loan and (2) a proportionate amount
of any lien on the real property that is in parity with the Mortgage Loan) is not equal to at least 80% of the remaining principal
balance of the Mortgage Loan (or related Loan Combination).

 

No Mortgage
Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits the
release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to partial condemnation,
other than in compliance with the REMIC Provisions.

 

		(28)	Financial Reporting and Rent Rolls. The Loan Documents
for each Mortgage Loan require the Mortgagor to provide the owner or holder of the Mortgage with quarterly (other than for single-tenant
properties) and annual operating statements, and quarterly (other than for single-tenant properties) rent rolls for properties
that have leases contributing more than 5% of the in-place base rent and annual financial statements, which annual financial statements
with respect to each Mortgage Loan with more than one Mortgagor are in the form of an annual combined balance sheet of the Mortgagor
entities (and no other entities), together with the related combined statements of operations, members’ capital and cash
flows, including a combining balance sheet and statement of income for the Mortgaged Properties on a combined basis.

 

		(29)	Acts of Terrorism
Exclusion. With respect to each Mortgage Loan over $20 million, the related special-form all-risk insurance policy and
business interruption policy (issued by an insurer meeting the Insurance Rating Requirements) do not specifically exclude Acts
of Terrorism, as defined in the Terrorism Risk Insurance Act of 2002, as amended by the Terrorism Risk Insurance Program Reauthorization
Act of 2007, and as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2015 (collectively referred to as “TRIA”),
from coverage, or if such coverage is excluded, it is covered by a separate terrorism insurance policy. With respect to each other
Mortgage Loan, the related special all-risk insurance policy and business interruption policy (issued by an insurer meeting the
Insurance Rating Requirements) did not, as of the date of origination of the Mortgage Loan, and, to the Seller’s knowledge,
do not, as of the Cut-Off Date, specifically exclude Acts of Terrorism, as defined in TRIA, from coverage, or if such coverage
is excluded, it is covered by a separate terrorism insurance policy. With respect to each Mortgage Loan, the related Loan Documents
do not expressly waive or prohibit the Mortgagee from requiring coverage for Acts of Terrorism, as defined in TRIA, or damages
related thereto; provided, however, that if TRIA or a similar or subsequent statute is not in effect, then, provided
that terrorism insurance is commercially available, the Mortgagor under each Mortgage Loan is required to carry terrorism insurance,
but in such event the Mortgagor

 

    	B-11

    	 

    

 

shall not be required to spend more than the Terrorism Cap Amount on terrorism insurance coverage,
and if the cost of terrorism insurance exceeds the Terrorism Cap Amount, the Mortgagor is required to purchase the maximum amount
of terrorism insurance available with funds equal to the Terrorism Cap Amount. The “Terrorism Cap Amount” is
the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time
in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without
giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance).

 

		(30)	Due on Sale or Encumbrance. Subject to specific
exceptions set forth below, each Mortgage Loan contains a “due on sale” or other such provision for the acceleration
of the payment of the unpaid principal balance of such Mortgage Loan if, without the consent of the holder of the Mortgage (which
consent, in some cases, may not be unreasonably withheld) and/or complying with the requirements of the related Loan Documents
(which provide for transfers without the consent of the Mortgagee which are customarily acceptable to prudent commercial and multifamily
mortgage lending institutions lending on the security of property comparable to the related Mortgaged Property, including, without
limitation, transfers of worn-out or obsolete furnishings, fixtures, or equipment promptly replaced with property of equivalent
value and functionality and transfers by leases entered into in accordance with the Loan Documents), (a) the related Mortgaged
Property, or any equity interest of greater than 50% in the related Mortgagor, is directly or indirectly pledged, transferred
or sold, other than as related to (i) family and estate planning transfers or transfers upon death or legal incapacity, (ii) transfers
to certain affiliates as defined in the related Loan Documents, (iii) transfers of less than, or other than, a controlling interest
in the related Mortgagor, (iv) transfers to another holder of direct or indirect equity in the Mortgagor, a specific Person designated
in the related Loan Documents or a Person satisfying specific criteria identified in the related Loan Documents, such as a qualified
equityholder, (v) transfers of stock or similar equity units in publicly traded companies or (vi) a substitution or release
of collateral within the parameters of paragraphs (27) and (32) of this Exhibit B or the exceptions thereto set forth on
Exhibit C, or (vii) as set forth on Exhibit B-30-1 by reason of any mezzanine debt that existed at the origination
of the related Mortgage Loan, or future permitted mezzanine debt as set forth on Exhibit B-30-2 or (b) the related Mortgaged
Property is encumbered with a subordinate lien or security interest against the related Mortgaged Property, other than (i) any
Companion Loan of any Mortgage Loan or any subordinate debt that existed at origination and is permitted under the related Loan
Documents, (ii) purchase money security interests (iii) any Mortgage Loan that is cross-collateralized and cross-defaulted
with another Mortgage Loan, as set forth on Exhibit B-30-3 or (iv) Permitted Encumbrances. The Mortgage or other Loan
Documents provide that to the extent any Rating Agency fees are incurred in connection with the review of and consent to any transfer
or encumbrance, the Mortgagor is responsible for such payment along with all other reasonable out-of-pocket fees and expenses
incurred by the Mortgagee relative to such transfer or encumbrance.

 

		(31)	Single-Purpose
Entity. Each Mortgage Loan requires the Mortgagor to be a Single-Purpose Entity for at least as long as the Mortgage Loan
is outstanding. Both the Loan

 

    	B-12

    	 

    

 

Documents
and the organizational documents of the Mortgagor with respect to each Mortgage Loan with a Cut-Off Date Balance in excess of
$5 million provide that the Mortgagor is a Single-Purpose Entity, and each Mortgage Loan with a Cut-Off Date Balance of $20 million
or more has a counsel’s opinion regarding non-consolidation of the Mortgagor. For this purpose, a “Single-Purpose
Entity” shall mean an entity, other than an individual, whose organizational documents (or if the Mortgage Loan has
a Cut-Off Date Balance equal to $5 million or less, its organizational documents or the related Loan Documents) provide substantially
to the effect that it was formed or organized solely for the purpose of owning and operating one or more of the Mortgaged Properties
securing the Mortgage Loans and prohibit it from engaging in any business unrelated to such Mortgaged Property or Properties,
and whose organizational documents further provide, or which entity represented in the related Loan Documents, substantially to
the effect that it does not have any assets other than those related to its interest in and operation of such Mortgaged Property
or Properties, or any indebtedness other than as permitted by the related Mortgage(s) or the other related Loan Documents, that
it has its own books and records and accounts separate and apart from those of any other person (other than a Mortgagor for a
Mortgage Loan that is cross-collateralized and cross-defaulted with the related Mortgage Loan), and that it holds itself out as
a legal entity, separate and apart from any other person or entity.

 

		(32)	Defeasance. With respect to any Mortgage Loan that,
pursuant to the Loan Documents, can be defeased (a “Defeasance”), (i) the Loan Documents provide for defeasance
as a unilateral right of the Mortgagor, subject to satisfaction of conditions specified in the Loan Documents; (ii) the Mortgage
Loan cannot be defeased within two years after the Closing Date; (iii) the Mortgagor is permitted to pledge only United States
“government securities” within the meaning of Treasury Regulations Section 1.860G-2(a)(8)(ii), the revenues from which
will, in the case of a full Defeasance, be sufficient to make all scheduled payments under the Mortgage Loan when due, including
the entire remaining principal balance on the maturity date (or on or after the first date on which payment may be made without
payment of a yield maintenance charge or prepayment penalty) or, if the Mortgage Loan is an ARD Mortgage Loan, the entire principal
balance outstanding on the related Anticipated Repayment Date (or on or after the first date on which payment may be made without
payment of a yield maintenance charge or prepayment penalty), and if the Mortgage Loan permits partial releases of real property
in connection with partial defeasance, the revenues from the collateral will be sufficient to pay all such scheduled payments
calculated on a principal amount equal to a specified percentage at least equal to the lesser of (A) 110% of the allocated
loan amount for the real property to be released and (B) the outstanding principal balance of the Mortgage Loan; (iv) the
Mortgagor is required to provide a certification from an independent certified public accountant that the collateral is sufficient
to make all scheduled payments under the Mortgage Note as set forth in (iii) above; (v) if the Mortgagor would continue to own
assets in addition to the defeasance collateral, the portion of the Mortgage Loan secured by defeasance collateral is required
to be assumed (or the Mortgagee may require such assumption) by a Single-Purpose Entity; (vi) the Mortgagor is required to provide
an opinion of counsel that the Mortgagee has a perfected security interest in such collateral prior to any other claim or interest;
and (vii) the Mortgagor is required to pay all rating agency fees associated with defeasance (if rating confirmation is a specific
condition 

 

    	B-13

    	 

    

 

precedent thereto) and all other reasonable out-of-pocket expenses associated with defeasance, including, but not limited
to, accountant’s fees and opinions of counsel.

 

		(33)	Fixed Interest Rates. Each Mortgage Loan bears
interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD Mortgage
Loans and in situations where default interest is imposed.

 

		(34)	Ground Leases. For purposes of this Exhibit B,
a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the
ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any,
comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and
improvements on the land), subject to the reversionary interest of the ground lessor as fee owner and does not include industrial
development agency (IDA) or similar leases for purposes of conferring a tax abatement or other benefit.

 

With respect
to any Mortgage Loan where the Mortgage Loan is secured by a leasehold estate under a Ground Lease in whole or in part, and the
related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms
of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of the Seller, its successors
and assigns, the Seller represents and warrants that:

 

		(a)	The Ground Lease or a memorandum regarding such Ground
Lease has been duly recorded or submitted for recordation in a form that is acceptable for recording in the applicable jurisdiction.
The Ground Lease or an estoppel or other agreement received from the ground lessor permits the interest of the lessee to be encumbered
by the related Mortgage and does not restrict the use of the related Mortgaged Property by such lessee, its successors or assigns
in a manner that would materially adversely affect the security provided by the related Mortgage. No material change in the terms
of the Ground Lease had occurred since the origination of the Mortgage Loan, except as reflected in any written instruments which
are included in the related Mortgage File;

 

		(b)	The lessor under such Ground Lease has agreed in a writing
included in the related Mortgage File (or in such Ground Lease) that the Ground Lease may not be amended or modified, or canceled
or terminated by agreement of lessor and lessee, without the prior written consent of the Mortgagee;

 

		(c)	The Ground Lease has an original term (or an original
term plus one or more optional renewal terms, which, under all circumstances, may be exercised, and will be enforceable, by either
Mortgagor or the Mortgagee) that extends not less than 20 years beyond the stated maturity of the related Mortgage Loan, or ten
years past the stated maturity if such Mortgage Loan fully amortizes by the stated maturity (or with respect to a Mortgage Loan
that accrues on an Actual/360 Basis, substantially amortizes);

 

    	B-14

    	 

    

 

		(d)	The Ground Lease either (i) is not subject to any liens
or encumbrances superior to, or of equal priority with, the Mortgage, except for the related fee interest of the ground lessor
and the Permitted Encumbrances, or (ii)  is subject to a subordination, non-disturbance and attornment agreement to which
the Mortgagee on the lessor’s fee interest in the Mortgaged Property is subject;

 

		(e)	The Ground Lease does not place commercially unreasonable
restrictions on the identity of the Mortgagee and the Ground Lease is assignable to the holder of the Mortgage Loan and its successors
and assigns without the consent of the lessor thereunder (provided that proper notice is delivered to the extent required in accordance
with the Ground Lease), and in the event it is so assigned, it is further assignable by the holder of the Mortgage Loan and its
successors and assigns without the consent of (but with prior notice to) the lessor;

 

		(f)	The Seller has not received any written notice of material
default under or notice of termination of such Ground Lease. To the Seller’s knowledge, there is no material default under
such Ground Lease and no condition that, but for the passage of time or giving of notice, would result in a material default under
the terms of such Ground Lease and to the Seller’s knowledge, such Ground Lease is in full force and effect as of the Closing
Date;

 

		(g)	The Ground Lease or ancillary agreement between the
lessor and the lessee requires the lessor to give to the Mortgagee written notice of any default, and provides that no notice
of default or termination is effective against the Mortgagee unless such notice is given to the Mortgagee;

 

		(h)	The Mortgagee is permitted a reasonable opportunity
(including, where necessary, sufficient time to gain possession of the interest of the lessee under the Ground Lease through legal
proceedings) to cure any default under the Ground Lease which is curable after the Mortgagee’s receipt of notice of any
default before the lessor may terminate the Ground Lease;

 

		(i)	The Ground Lease does not impose any restrictions on
subletting that would be viewed as commercially unreasonable by a prudent commercial mortgage lender;

 

		(j)	Under the terms of the Ground Lease, an estoppel or
other agreement received from the ground lessor and the related Mortgage (taken together), any related insurance proceeds or the
portion of the condemnation award allocable to the ground lessee’s interest (other than (i) de minimis amounts for minor
casualties or (ii) in respect of a total or substantially total loss or taking as addressed in subpart (k)) will be applied either
to the repair or to restoration of all or part of the related Mortgaged Property with (so long as such proceeds are in excess
of the threshold amount specified in the related Loan Documents) the Mortgagee or a trustee appointed by it having the right to
hold and disburse such proceeds as repair or restoration progresses, or to the payment of the outstanding principal balance of
the Mortgage Loan, together with any accrued interest;

 

    	B-15

    	 

    

 

		(k)	In the case of a total or substantially total taking
or loss, under the terms of the Ground Lease, an estoppel or other agreement and the related Mortgage (taken together), any related
insurance proceeds, or portion of the condemnation award allocable to the ground lessee’s interest in respect of a total
or substantially total loss or taking of the related Mortgaged Property to the extent not applied to restoration, will be applied
first to the payment of the outstanding principal balance of the Mortgage Loan, together with any accrued interest; and

 

		(l)	Provided that the Mortgagee cures any defaults which
are susceptible to being cured, the ground lessor has agreed to enter into a new lease with the Mortgagee upon termination of
the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

 

		(35)	Servicing. The servicing and collection practices
used by the Seller with respect to the Mortgage Loan have been, in all respects, legal and have met customary industry standards
for servicing of commercial loans for conduit loan programs.

 

		(36)	Origination and Underwriting. The origination
practices of the Seller (or the related originator if the Seller was not the originator) with respect to each Mortgage Loan have
been, in all material respects, legal and as of the date of its origination, such Mortgage Loan (or the related Loan Combination,
as applicable) and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal,
state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not
address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit B.

 

		(37)	No Material Default; Payment Record. No Mortgage
Loan has been more than 30 days delinquent, without giving effect to any grace or cure period, in making required debt service
payments since origination and, as of the date hereof, no Mortgage Loan is more than 30 days delinquent (beyond any applicable
grace or cure period) in making required payments as of the Closing Date. To the Seller’s knowledge, there is (a) no material
default, breach, violation or event of acceleration existing under the related Mortgage Loan, or (b) no event (other than payments
due but not yet delinquent) which, with the passage of time or with notice and the expiration of any grace or cure period, would
constitute a material default, breach, violation or event of acceleration, which default, breach, violation or event of acceleration,
in the case of either (a) or (b), materially and adversely affects the value of the Mortgage Loan or the value, use or operation
of the related Mortgaged Property, provided, however, that this representation and warranty does not cover any default, breach,
violation or event of acceleration that specifically pertains to or arises out of an exception scheduled to any other representation
and warranty made by the Seller in this Exhibit B (including, but not limited to, the prior sentence). No person other
than the holder of such Mortgage Loan may declare any event of default under the Mortgage Loan or accelerate any indebtedness
under the Loan Documents.

 

		(38)	Bankruptcy. As of the date of origination of
the related Mortgage Loan and to the Seller’s knowledge as of the Cut-Off Date, neither the Mortgaged Property (other than 

 

    	B-16

    	 

    

 

any tenants of such Mortgaged Property), nor any portion thereof, is the subject of, and no Mortgagor, guarantor or tenant occupying
a single-tenant property is a debtor in a state or federal bankruptcy, insolvency or similar proceeding.

 

		(39)	Organization of Mortgagor. With respect to each
Mortgage Loan, in reliance on certified copies of the organizational documents of the Mortgagor delivered by the Mortgagor in
connection with the origination of such Mortgage Loan (or related Loan Combination, as applicable), the 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.
Except with respect to any Mortgage Loan that is cross-collateralized and cross-defaulted with another Mortgage Loan, no Mortgage
Loan has a Mortgagor that is an affiliate of another Mortgagor under another Mortgage Loan.

 

		(40)	Environmental Conditions. A Phase I environmental
site assessment (or update of a previous Phase I and or Phase II site assessment) and, with respect to certain Mortgage Loans,
a Phase II environmental site assessment (collectively, an “ESA”) meeting ASTM requirements were conducted
by a reputable environmental consultant in connection with such Mortgage Loan within 12 months prior to its origination date (or
an update of a previous ESA was prepared), and such ESA (i) did not identify the existence of recognized environmental conditions
(as such term is defined in ASTM E1527-05 or its successor, an “Environmental Condition”) at the related Mortgaged
Property or the need for further investigation, or (ii) if the existence of an Environmental Condition or need for further
investigation was indicated in any such ESA, then at least one of the following statements is true: (A) an amount reasonably
estimated by a reputable environmental consultant to be sufficient to cover the estimated cost to cure any material noncompliance
with applicable Environmental Laws or the Environmental Condition has been escrowed by the related Mortgagor and is held or controlled
by the related Mortgagee; (B) if the only Environmental Condition relates to the presence of asbestos-containing materials, radon
in indoor air, lead based paint or lead in drinking water, the only recommended action in the ESA is the institution of such a
plan, an operations or maintenance plan has been required to be instituted by the related Mortgagor that, based on the ESA, can
reasonably be expected to mitigate the identified risk; (C) the Environmental Condition identified in the related environmental
report was remediated or abated in all material respects prior to the date hereof, and, if and as appropriate, a no further action
or closure letter was obtained from the applicable governmental regulatory authority (or the environmental issue affecting the
related Mortgaged Property was otherwise listed by such governmental authority as “closed” or a reputable environmental
consultant has concluded that no further action is required); (D) an environmental policy or a lender’s pollution legal
liability insurance policy meeting the requirements set forth below that covers liability for the identified circumstance or condition
was obtained from an insurer rated no less than A- (or the equivalent) by Moody’s Investors Service, Inc., Standard &
Poor’s Ratings Services and/or Fitch Ratings, Inc.; (E) a party not related to the Mortgagor was identified as the
responsible party for such condition or circumstance and such responsible party has financial resources reasonably estimated to
be adequate to address the situation; or (F) a party related to the Mortgagor having financial resources reasonably estimated
to be adequate to address the situation is required to take action. To the Seller’s knowledge, except as set forth in the
ESA, there is no Environmental 

 

    	B-17

    	 

    

 

Condition (as such term is defined in ASTM E1527-05 or its successor) at the related Mortgaged
Property.

 

		(41)	Appraisal. The Mortgage File contains an appraisal
of the related Mortgaged Property with an appraisal date within six months of the Mortgage Loan origination date, and within 12
months of the Closing Date. The appraisal is signed by an appraiser who is a Member of the Appraisal Institute (“MAI”)
and, to the Seller’s knowledge, had no interest, direct or indirect, in the Mortgaged Property or the Mortgagor or in any
loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan.
Each appraiser has represented in such appraisal or in a supplemental letter that the appraisal satisfies the requirements of
the “Uniform Standards of Professional Appraisal Practice” as adopted by the Appraisal Standards Board of the Appraisal
Foundation. Each appraisal contains a statement, or is accompanied by a letter from the appraiser, to the effect that the appraisal
was performed in accordance with the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989,
as in effect on the date such Mortgage Loan was originated.

 

		(42)	Mortgage Loan Schedule. The information pertaining
to each Mortgage Loan which is set forth in the Mortgage Loan Schedule is true and correct in all material respects as of the
Cut-Off Date and contains all information required by the Pooling and Servicing Agreement to be contained therein.

 

		(43)	Cross-Collateralization. Except with respect
to a Mortgage Loan that is part of a Loan Combination, no Mortgage Loan is cross-collateralized or cross-defaulted with any other
Mortgage Loan that is outside the Mortgage Pool, except as set forth on Exhibit B-30-3.

 

		(44)	Advance of Funds by the Seller. After origination,
no advance of funds has been made by the Seller to the related Mortgagor other than in accordance with the Loan Documents, and,
to the Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate
for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Loan Documents, such as, by way of
example and not in limitation of the foregoing, amounts paid by the tenant(s) into a Mortgagee-controlled lockbox if required
or contemplated under the related lease or Loan Documents). Neither the Seller nor any affiliate thereof has any obligation to
make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

 

		(45)	Compliance with Anti-Money Laundering Laws. The
Seller has complied in all material respects with all applicable anti-money laundering laws and regulations, including without
limitation the USA Patriot Act of 2001 with respect to the origination of the Mortgage Loan.

 

For purposes of these
representations and warranties, “Mortgagee” means the mortgagee, grantee or beneficiary under any Mortgage, any holder
of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

 

    	B-18

    	 

    

 

For purposes of these
representations and warranties, the phrases “the Seller’s knowledge” or “the Seller’s belief”
and other words and phrases of like import mean, except where otherwise expressly set forth in these representations and warranties,
the actual state of knowledge or belief of the Seller, its officers and employees directly responsible for the underwriting, origination,
servicing or sale of the Mortgage Loans regarding the matters expressly set forth in these representations and warranties.

 

    	B-19

    	 

    

 

Exhibit B-30-1

List of Mortgage Loans with Current Mezzanine Debt

 

[None.]

 

    	B-30-1-1

    	 

    

 

Exhibit B-30-2

List of Mortgage Loans with Permitted Mezzanine Debt

 

[None.] 

 

    	B-30-2-1

    	 

    

 

Exhibit B-30-3

List of Cross-Collateralized and Cross-Defaulted Mortgage Loans

 

[None.]

 

    	B-30-3-1

    	 

    

 

EXHIBIT C

EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES 

 

	Representation	Mortgage Loan	Description of Exception
	(6) Permitted Liens; Title Insurance	Freehome Village 

(Loan No. 48)	One tenant at the Mortgaged Property (Publix) holds a right of first offer to purchase the Mortgaged Property.  The related lease provides that such right of first offer does not apply to any form of financing, foreclosure sale or deed-in-lieu of foreclosure.
	(13) Actions Concerning Mortgage Loan	6221 Wilshire Boulevard 

(Loan No. 24)

17525 Ventura Boulevard

(Loan No. 35)	One guarantor reported that he is the subject of ongoing litigation relating to his purchase of properties (unrelated to the Mortgaged Property) out of foreclosure after he had negotiated a purchase and entered into a non-circumvention agreement with the properties’ prior owners (the plaintiffs bringing such action), who were in bankruptcy at the time of the related foreclosure action.  The plaintiffs’ complaint does not specify the amount of damages being sought.
	(16) Insurance	Abilene Hotel Portfolio

(Loan No. 28)	The flood insurance in place at the La Quinta Inn & Suites – Abilene Mortgaged Property does not cover the pool house located on such Mortgaged Property.  The Mortgage Loan documents provide for recourse to the Mortgagor and the related guarantor for losses arising from any casualty to such pool house caused by a flood.
	(18) No Encroachments	Wickiup & Ambassador MHP’s 

(Loan No. 43)	Certain pads at the Ambassador Down Manufactured Housing Community Mortgaged Property encroach upon the adjacent property and certain easements.  The Mortgage Loan documents provide for recourse to the Mortgagor and the related guarantor for losses of rents relating to the inability to lease such pads, unless the Mortgagor obtains irrevocable easements or fee interests such that no such pad encroaches upon the adjacent property or any easement.
	(24) Local Law Compliance	Abilene Hotel Portfolio

(Loan No. 28)	As of the date of origination of the Mortgage Loan, the Mortgagor was unable to deliver a copy of the certificate of occupancy for the pool house located on the La Quinta Inn & Suites – Abilene Mortgaged Property.  The Mortgage Loan documents (i) require the Mortgagor to deliver to the Mortgagee a copy of such certificate occupancy within 60 days of origination of the Mortgage Loan and (ii) provide for recourse to the Mortgagor and the related guarantor for losses arising from the Mortgagor’s failure to have such certificate of occupancy.  

 

    	C-1

    	 

    

 

	Representation	Mortgage Loan	Description of Exception
	(24) Local Law Compliance	Wickiup & Ambassador MHP’s 

(Loan No. 43)	The Ambassador Down Manufactured Housing Community Mortgaged Property’s use as a manufactured home park is legal nonconforming with respect to the related zoning ordinance currently in effect.  The related zoning ordinance prohibits a legal nonconforming use from being resumed, reestablished or reopened after it has been abandoned or vacated (as determined by the related zoning administrator) for a period of one year.  In addition, the zoning ordinance provides that (i) a legal nonconforming structure may be restored or rebuilt if the cost of repair or reconstruction does not exceed 50 percent of the construction value, exclusive of the foundation, of the building or structure (which 50 percent threshold is applicable to the entire development), and (ii) if the cost of repair or reconstruction exceeds such 50 percent threshold, the land and building will be subject to all of the ordinance’s requirements.  The Mortgage Loan documents provide for recourse to the Mortgagor and the guarantor for losses arising from the Mortgagor’s failure after a casualty or condemnation, in accordance with applicable legal requirements, to maintain the legal use of the Mortgaged Property as a mobile home community, to the extent rebuilding of such Mortgaged Property is required pursuant to the Mortgage Loan agreement.  
	(25) Licenses and Permits	Abilene Hotel Portfolio

(Loan No. 28)	As of the date of origination of the Mortgage Loan, the Mortgagor was unable to deliver a copy of the certificate of occupancy for the pool house located on the La Quinta Inn & Suites – Abilene Mortgaged Property.  The Mortgage Loan documents (i) require the Mortgagor to deliver to the Mortgagee a copy of such certificate occupancy within 60 days of origination of the Mortgage Loan and (ii) provide for recourse to the Mortgagor and the related guarantor for losses arising from the Mortgagor’s failure to have such certificate of occupancy.  
	(29) Acts of Terrorism Exclusion	Springhill Suites Altamonte 

(Loan No. 46)	If TRIA or a subsequent statute is not in effect, the Mortgagor will not be required to pay, in order to obtain terrorism insurance, annual premiums in excess of an amount equal to two times the premium for a separate “Special Form” or “All Risks” policy or equivalent policy (such premium, for purposes of determining such amount, not to include terrorism or catastrophe loss perils, i.e., earthquake, windstorm and/or flood coverage) insuring only the Mortgaged Property on a stand-alone basis at the time that any terrorism insurance is excluded from any applicable insurance policy required under the Mortgage Loan documents (and the Mortgagor will be required to purchase the maximum amount available with funds equal to such amount).
	(39) Organization of Mortgagor	6221 Wilshire Boulevard

(Loan No. 24)

17525 Ventura Boulevard

(Loan No. 35)	The Mortgagors are affiliated with each other.

 

    	C-2

    	 

    

 

EXHIBIT D

FORM OF CERTIFICATE

 

Starwood Mortgage Funding
I LLC (“Seller”) hereby certifies as follows:

 

		1.	All of the representations and warranties (except as set forth on Exhibit C) of the Seller
under the Mortgage Loan Purchase Agreement, dated as of February 1, 2016 (the “Agreement”), between Citigroup
Commercial Mortgage Securities Inc. and Seller, are true and correct in all material respects on and as of the date hereof (or
as of such other date as of which such representation is made under the terms of Exhibit B to the Agreement) with the same
force and effect as if made on and as of the date hereof (or as of such other date as of which such representation is made under
the terms of Exhibit B to the Agreement).

 

		2.	The Seller has complied in all material respects 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 would
constitute a default on the part of the Seller under the Agreement.

 

		3.	Neither the Prospectus, dated February 3, 2016 (the “Prospectus”), relating
to the offering of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-AB, Class X-A,
Class A-S, Class B, Class EC and Class C Certificates, nor the Offering Circular, dated February 3, 2016 (the “Offering
Circular”), relating to the offering of the Class D, Class X-D, Class E, Class F, Class G, Class H and
Class R Certificates, in the case of the Prospectus, as of the date thereof or as of the date hereof, or the Offering Circular,
as of the date thereof or as of the date hereof, included or includes any untrue statement of a material fact relating to the Seller,
the Mortgage Loans, any sub-servicers related to the Mortgage Loans, any related Loan Combination (including, without limitation,
the identity of the servicers for, and the terms of the Outside Servicing Agreement (as defined in the Pooling and Servicing Agreement)
relating to, any Outside Serviced Loan Combination, and the identity of any co-originator of any Loan Combination), the related
Mortgaged Properties and the related Mortgagors and their respective
affiliates or omitted or omits to state therein a material fact relating to the Seller, the Mortgage Loans, any sub-servicers
related to the Mortgage Loans, any related Loan Combination (including, without limitation, the identity of the servicers for,
and the terms of the Outside Servicing Agreement (as defined in the Pooling and Servicing Agreement) relating to, any Outside
Serviced Loan Combination, and the identity of any co-originator of any Loan Combination), the related Mortgaged Properties and
the related 

  

    	D-1

    	 

    

 

		 	Mortgagors and their respective affiliates required to be stated therein or necessary in order to make the statements
therein relating to the Seller, the Mortgage Loans, any sub-servicers related to the Mortgage Loans, any related Loan Combination
(including, without limitation, the identity of the servicers for, and the terms of the Outside Servicing Agreement (as defined
in the Pooling and Servicing Agreement) relating to, any Outside Serviced Loan Combination, and the identity of any co-originator
of any Loan Combination), the related Mortgaged Properties and the related Mortgagors and their respective affiliates, in the
light of the circumstances under which they were made, not misleading.

 

For the purposes of the
foregoing certifications, with respect to any description contained in the Prospectus and the Offering Circular of the terms or
provisions of or servicing arrangements under any Outside Servicing Agreement, to the extent that such description refers to any
terms or provisions of or servicing arrangements under the Pooling and Servicing Agreement, the Seller has assumed that the description
of such terms or provisions of or servicing arrangements under the Pooling and Servicing Agreement contained in the Prospectus
and the Offering Circular (i) does not include an untrue statement of a material fact and (ii) does not omit to state therein a
material fact necessary in order to make the statements therein, 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 or, if not defined therein, in the Indemnification Agreement.

 

[SIGNATURE APPEARS ON THE FOLLOWING PAGE]

 

    	D-2

    	 

    

 

Certified this 17th day of February 2016.

 

	 	STARWOOD MORTGAGE FUNDING I LLC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    	D-3

    	 

    

 

EXHIBIT E

 

OUTSIDE
SERVICED MORTGAGE LOAN PROVISIONS 

 

		i.	Pursuant to the related Co-Lender Agreement or Outside Servicing Agreement, payments due to the
Trust in respect of the related Mortgage Loan are required to be remitted on or prior to the Business Day following the Determination
Date;

 

		ii.	Pursuant to the related Outside Servicing Agreement, customary CREFC® reports related to the
Mortgage Loan and the Mortgaged Properties are required to be delivered to the Trust in order to permit the Master Servicer, Special
Servicer and Certificate Administrator or Trustee to timely comply with their respective reporting obligations under the Pooling
and Servicing Agreement;

 

		iii.	Pursuant to the related Outside Servicing Agreement, each party to the Outside Servicing Agreement
is required to deliver (and to cause any sub-servicer engaged by such party to deliver (or, in the case of a servicing function
participant, a party to such Outside Servicing Agreement is required to use commercially reasonable efforts to cause each party
engaged by a party to the Outside Servicing Agreement to deliver)) (x) all materials required in order for the holder of the Outside
Serviced Loan to timely comply with its obligations under the Exchange Act (including any required 10D, 8-K and 10K reporting),
and (y) with respect to any Sarbanes-Oxley Certification, the applicable certification to each Certifying Person;

 

		iv.	Pursuant to the related Outside Servicing Agreement, customary industry standard indemnification
provisions exist for the failure of the applicable parties to timely deliver (or cause to be timely delivered) the materials required
pursuant to clause (iii) above;

 

		v.	In connection with any amendment to the Outside Servicing Agreement, a party to such Outside Servicing
Agreement is required to provide a copy of the executed amendment to one or more parties to the Pooling and Servicing Agreement
(which may be by email) in order for the holder of the Outside Serviced Loan to timely comply with its obligations under the Exchange
Act;

 

		vi.	The holder of an Outside Serviced Loan is an intended third-party beneficiary of the rights under
the Outside Servicing Agreement to the extent such rights affect the related Outside Serviced Loan or the holder thereof;

 

		vii.	The Outside Servicing Agreement provides that it shall not be amended in any manner that materially
and adversely (or words of similar import) affects the holder of the Outside Serviced Loan without the consent of such party;

 

		viii.	Servicer Termination Events (or any analogous term under the Outside Servicing Agreement) include
customary market termination events with respect to failure to make advances, failure to remit payments to the holder of the Outside
Serviced Loan as required, failure to deliver (or cause to be delivered) materials required in order for the holder of an Outside 

 

    	E-1

    	 

    

 

	 	 	Serviced Loan to timely comply with its obligations under the Exchange Act, and Rating Agency triggers with respect to the Certificates,
subject to customary grace periods (provided, in the case of failures related to the Exchange Act, such grace periods do not materially
and adversely affect the Depositor); and
	 	 	 
		ix.	If the Outside Serviced Mortgage Loan becomes the subject of an Asset Review, the applicable parties
to the Outside Servicing Agreement are required to reasonably cooperate with the Asset Representations Reviewer or other applicable
party to the Pooling and Servicing Agreement in connection with such Asset Review (or a substantially similar provision), including
with respect to providing access to related underlying documents to the extent the Asset Representations Reviewer or such other
applicable party to the Pooling and Servicing Agreement has not obtained such documents from the Seller and such documents are
in the possession of the applicable party to the Outside Servicing Agreement.

 

    	E-2Exhibit 10.5

 

 

EXECUTION
VERSION

 

AMENDED
AND RESTATED

 

SUBSERVICING
AGREEMENT

 

between

 

KEYCORP
REAL ESTATE CAPITAL MARKETS, INC.

 

and

 

BERKADIA
COMMERCIAL MORTGAGE LLC

 

    Amended
& Restated Master Subservicing Agreement
	 

    	 

    

 

EXECUTION
VERSION

 

TABLE
OF CONTENTS

	 	 	 	 	 
	ARTICLE I. DEFINITIONS	 	2
	 	 	 	 
	 	Section 1.01.	Defined Terms	 	2
	 	 	 	 	 
	 	Section 1.02.	Interpretative Matters	 	7
	 	 	 	 	 
	ARTICLE II. RETENTION AND AUTHORITY OF SUBSERVICER	 	7
	 	 	 	 
	 	Section 2.01.	Servicing Standard; Commencement of Servicing Responsibilities	 	7
	 	 	 	 	 
	 	Section 2.02.	Subcontractors and Vendors	 	7
	 	 	 	 	 
	 	Section 2.03.	Authority of Subservicer	 	8
	 	 	 	 	 
	ARTICLE III. SERVICES TO BE PERFORMED	 	9
	 	 	 	 
	 	Section 3.01.	Services as Subservicer	 	9
	 	 	 	 	 
	 	Section 3.02.	Portfolio Manager	 	15
	 	 	 	 	 
	 	Section 3.03.	Maintenance of Errors and Omissions and Fidelity Coverage	 	15
	 	 	 	 	 
	 	Section 3.04.	Delivery and Possession of Servicing Files	 	16
	 	 	 	 	 
	 	Section 3.05.	Financial Statements of the Subservicer	 	16
	 	 	 	 	 
	 	Section 3.06.	Exchange Act Reporting and Regulation AB Compliance	 	16
	 	 	 	 	 
	 	Section 3.07.	Regulatory Oversight, Compliance and Privacy	 	21
	 	 	 	 	 
	ARTICLE IV. SUBSERVICER’S COMPENSATION AND EXPENSES	 	24
	 	 	 	 
	 	Section 4.01.	Subservicing Compensation	 	24
	 	 	 	 	 
	 	Section 4.02.	Inflation Adjustment	 	25
	 	 	 	 	 
	 	Section 4.03.	Annual True-up of Floor Component Amount	 	25
	 	 	 	 	 
	ARTICLE V. KRECM AND THE SUBSERVICER	 	25
	 	 	 	 
	 	Section 5.01.	Subservicer Not to Assign; Merger or Consolidation of the Subservicer	 	25
	 	 	 	 	 
	 	Section 5.02.	Liability and Indemnification of the Subservicer and KRECM	 	26
	 	 	 	 	 
		Section 5.03.	Representations and Warranties	 	28
	 	 	 	 	 
	ARTICLE VI. EVENTS OF DEFAULT; TERMINATION	 	31
	 	 	 	 
	 	Section 6.01.	Events of Default	 	31

 

    Amended
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	i

    	 

    

 

EXECUTION
VERSION

	 	 	 	 	 
	 	Section 6.02.	Termination of Agreement	 	34
	 	 	 	 	 
	ARTICLE VII. MISCELLANEOUS PROVISIONS	 	35
	 	 	 	 
	 	Section 7.01.	Amendment; Amendment to any PSA	 	35
	 	 	 	 	 
	 	Section 7.02.	Governing Law	 	35
	 	 	 	 	 
	 	Section 7.03.	Notices	 	36
	 	 	 	 	 
	 	Section 7.04.	Consistency with PSAs; Severability of Provisions	 	37
	 	 	 	 	 
	 	Section 7.05.	Inspection and Audit Rights	 	37
	 	 	 	 	 
	 	Section 7.06.	Binding Effect; No Partnership; Counterparts	 	38
	 	 	 	 	 
	 	Section 7.07.	Protection of Confidential Information	 	38
	 	 	 	 	 
	 	Section 7.08.	Construction	 	38
	 	 	 	 	 
	 	Section 7.09.	Sole and Absolute Discretion of KRECM	 	39
	 	 	 	 	 
	 	Section 7.10.	Exchange Act Rule 17g-5 Procedures	 	39
	 	 	 	 	 
	[Remainder of Page Intentionally Blank; Signature Page Follows]	 	40
	 	 	 	 
	MORTGAGE LOAN ACKNOWLEDGEMENT AGREEMENT	 	1

 

	(a)                       The
    last paragraph of Section 7.03(a) is deleted in its entirety and replaced with the following: 5	 	

 

LIST
OF EXHIBITS

 

	Exhibit
    A	CMBS
    Transactions
	 	 
	Exhibit
    B	Remittance
    Report
	 	 
	Exhibit
    C	Property
    Inspection Report
	 	 
	Exhibit
    D	Tax,
    Insurance, UCC and Letter of Credit Certification
	 	 
	Exhibit
    E	Account
    Certification
	 	 
	Exhibit
    F	Sarbanes-Oxley
    Performance Certification
	 	 
	Exhibit
    G	Task
    List
	 	 
	Exhibit
    H	Acknowledgment
    Agreement
	 	 
	Exhibit
    I	Transfer
    Instructions
	 	 
	Exhibit
    J	Officer’s
    Certificate

 

 

    Amended
& Restated Master Subservicing Agreement

	ii

    	 

    

 

EXECUTION
VERSION

 

AMENDED
AND RESTATED

 

SUBSERVICING AGREEMENT

 

THIS
AMENDED AND RESTATED SUBSERVICING AGREEMENT (as it may be further amended, supplemented or modified, this “Agreement”),
dated and effective as of January 18, 2013 by and between KEYCORP REAL ESTATE CAPITAL MARKETS, INC., an Ohio corporation
(together with its successors and assigns permitted under this Agreement, “KRECM”), and BERKADIA
COMMERCIAL MORTGAGE LLC, a Delaware limited liability company (together with its successors and assigns permitted
under this Agreement, the “Subservicer”).

 

RECITALS

 

The
following Recitals are a material part of this Agreement:

 

A.          Pursuant
to each Pooling and Servicing Agreement (each a “PSA”) for the applicable commercial mortgage-backed
securitization transaction listed on Exhibit A, KRECM services and administers the Mortgage Loans (as defined below)
on behalf of the Trust (as defined in each PSA).

 

B.          KRECM
and the Subservicer entered into a Subservicing Agreement on March 30, 2012 (the “Original Agreement”),
whereby the Subservicer was engaged to perform certain of KRECM’s servicing responsibilities under each PSA with respect
to the Mortgage Loans as more specifically set forth in this Agreement.

 

C.          KRECM
engaged the Subservicer pursuant to the Original Agreement because the Subservicer is the third largest servicer of commercial
mortgage-backed securitization transactions in the United States and is uniquely suited with respect to its staff, facilities,
and expertise to provide the services required by KRECM of a subservicer to service the large volume of commercial mortgage loans
on the scale and in the context and under the circumstances contemplated by this Agreement.

 

D.          Subsequently,
KRECM and Subservicer entered into an Interim Agreed Upon Procedures Memorandum (the “Memorandum”) dated as of June
22, 2012, to provide for modifications to the Original Agreement through the execution of the Memorandum and one or more Services
Confirmations.

 

E.          On
July 17, 2012, KRECM and Subservicer entered into a Services Confirmation (the “Confirmation”) which
served to clarify certain processes and procedures with respect to the duties set forth in the Original Agreement;

 

F.          Whereas,
in order to consolidate the Original Agreement and the Confirmation into a singular document and to effectuate certain further
amendments to the Original Agreement, KRECM and Subservicer desire to restate and replace the Original Agreement and Confirmation
entirely pursuant to this Agreement.

 

AGREEMENT

 

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

 

    Amended & Restated Master Subservicing Agreement

	1

    	 

    

 

EXECUTION
VERSION

 

ARTICLE
I.

DEFINITIONS

 

Section
1.01.        Defined Terms.

 

All
capitalized terms not otherwise defined in this Agreement have the meanings set forth in the applicable PSA, or the respective
meaning ascribed to equivalent terms utilized in such PSA, and the following capitalized terms have the respective meanings set
forth below:

 

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

 

“Accounts”:
The applicable Subservicer Collection Account and Servicing Accounts maintained by the Subservicer under this Agreement, each
of which shall be held in the name of “Berkadia Commercial Mortgage LLC on behalf of KeyCorp Real Estate Capital
Markets, Inc., as Master Servicer, in trust for the Trustee, as trustee for the registered holders of the applicable Trust
[securitization name], together with the Servicing Fee Account and the Ancillary Fee Account.”

 

“Acknowledgment
Agreement”: The agreement in the form attached hereto as Exhibit H acknowledging commencement of servicing
with respect to those Legacy Mortgage Loans and Future Mortgage Loans listed on the Schedule attached thereto.

 

“Additional
Form 10-D Disclosure”: To the extent such is required in the applicable transaction, any disclosure in addition
to the Distribution Date statement that is required to be included on any Form 10-D filed with the Commission in respect of the
Trust.

 

“Additional
Form 10-K Disclosure”: To the extent such is required in the applicable transaction, any disclosure or information
that is required to be included on any Form 10-K filed with the Commission in respect of the Trust and required to be disclosed
by Subservicer pursuant to the applicable PSA.

 

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

 

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

 

“AML/BSA”:
The Anti-Money Laundering and Bank Secrecy Act.

 

“Ancillary
Fee Account”: An account established by Subservicer into which all Borrower Paid Fees payable to KRECM pursuant
to the PSA with respect to the Mortgage Loans are deposited as set forth in Section 3.01(r).

 

“Ancillary
Fee Compensation”: As additional servicing compensation, Subservicer shall receive an amount equal to the greater
of (1) the Floor Component Amount or (2) [__] of all annual Borrower Paid Fees earned and collected on all of the Mortgage Loans,
but only to the extent that KRECM is entitled to receive such amounts pursuant to the applicable PSA. Ancillary Fee Compensation
shall be subject to adjustment pursuant to Section 4.03.

 

    Amended & Restated Master Subservicing Agreement

	2

    	 

    

 

EXECUTION
VERSION

 

“Ancillary
True-Up Payment”: The payment calculated and due to Subservicer as provided in Section 4.03.

 

“Annual
True-up Deficiency”: As defined in Section 4.03.

 

“Applicable
Requirements”: As of the time of reference, with respect to the subject matter of this Agreement, all of the following:
(i) any federal, state or local constitution, statute, rule, regulation or similar legal requirement applicable to the subservicing
of commercial mortgage loans or any related activity; and (ii) Accepted Subservicing Practices.

 

“Base
CPI Amount”: The Base Legacy Servicing Compensation, the Base Future Servicing Compensation or Floor Component Amount
in effect on March 31, 2013 and March 31 of each calendar year thereafter.

 

“Base
Future Servicing Compensation”: For each Future Mortgage Loan, a servicing fee equal to $[__] per annum, as provided
in Section 4.01 and subject to annual increase as provided in Section 4.02. Base Future Servicing Compensation will
be payable monthly in an amount equal to one twelfth of the applicable per annum rate described above multiplied by the number
of applicable Mortgage Loans being serviced pursuant to this Agreement at the end of each calendar month.

 

“Base
Legacy Servicing Compensation”: For each Legacy Mortgage Loan, a servicing fee equal to $[__] per annum, as provided
in Section 4.01 and subject to annual increase as provided in Section 4.02. Base Legacy Servicing Compensation will
be payable monthly in an amount equal to one twelfth of the applicable per annum rate described above multiplied by the number
of applicable Mortgage Loans being serviced pursuant to this Agreement at the end of each calendar month.

 

“Borrower”:
The borrower, mortgagor or obligor on the related Mortgage Loan note.

 

“Borrower
Paid Fees”: Any amount collected from a borrower including but not limited to late payment charges, assumption fees,
assumption application fees, modification fees, extension fees, fees charged for prepayment, defeasance, lease reviews and any
other application fees.

 

“Calculation
Notice”: As defined in Section 4.03.

 

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

 

“CPI
Adjustment”: An adjustment of the Base Legacy Servicing Compensation, Base Future Servicing Compensation
and the Floor Component Amount commencing on April 1, 2013 and continuing on April 1 of each calendar year thereafter in an amount
equal to the sum of (I) the Base CPI Amount and (II) an amount equal to the product of (A) the Base CPI Amount, multiplied by
(B) a fraction (x) the numerator of which is the Consumer Price Index for the month of March in the calendar year in which such
adjustment is being made, and (y) the denominator of which is the Consumer Price Index for the month of March in the calendar
year prior to the calendar year in which such adjustment is being made.

 

“Consumer
Price Index”: The Consumer Price Index for all Urban Consumers published by the Bureau of Labor Statistics
of the United States Department of Labor, All Items, US City Average, all urban consumers (presently denominated as “CPI-U”,
or a successor index, appropriately adjusted; provided, however, that (i) if there shall be no successor index,
a substitute index shall be reasonably selected by Subservicer, and (ii) if the Consumer Price Index ceases to use 1982-84=100
as the basis of calculation, or if a substantial change is made in the terms or the number of items contained in the Consumer
Price Index, then, in either case, the Consumer Price Index will be reasonably adjusted to the

 

    Amended & Restated Master Subservicing Agreement

	3

    	 

    

 

EXECUTION
VERSION

 

figure that would have been arrived
at had the manner of computing the Consumer Price Index as of the date of this Agreement not been altered.

 

“Customer
Information”: Nonpublic personally identifiable information with respect to any Mortgage Loan, including but not
limited to the borrower under such Mortgage Loan and any principle of such borrower or any guarantor of such Mortgage Loan.

 

“Defect”:
As set forth in the applicable PSA, shall include any document defect, breach of representation or warranty by any seller of a
Mortgage Loan, Repurchase Request or Repurchase Request Withdrawal.

 

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

 

“Effective
Date”: With respect to the Legacy Mortgage Loans and Future Mortgage Loans, the date of the execution of the Acknowledgment
Agreement in the form attached hereto as Exhibit H with respect to such Mortgage Loans.

 

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

 

“Floor
Component Amount”: An amount equal to $[__] per annum per Mortgage Loan, payable monthly based on
the number of Mortgage Loans serviced as of the last day of such applicable month as provided in Section 4.01(b) and subject
to increase pursuant to Section 4.02

 

“Form
8-K Disclosure Information”: To the extent such is required in any PSA, any disclosure or information related to
a Reportable Event or that is otherwise required to be included on any Form 8-K filed with the Commission in respect of the Trust.

 

“Future
CMBS Transactions”: Moody’s rated commercial mortgage-backed securities transactions which become subject
to this Agreement after the date hereof.

 

“Future
Mortgage Loan”: Each Mortgage Loan in a Future CMBS Transaction.

 

“Legacy
CMBS Transactions”: The Moody’s rated commercial mortgage-backed securities transactions listed on Exhibit
A.

 

“Legacy
Mortgage Loan”: Each Mortgage Loan in a Legacy CMBS Transaction.

 

“Mortgage
Loan”: Each of the mortgage loans that are the subject of this Agreement pursuant to an Acknowledgment Agreement
and that are subject to a Legacy CMBS Transaction or Future CMBS Transaction.

 

“OCC”:
The Office of the Comptroller of the Currency.

 

“OFAC”:
The Office of Foreign Assets Control.

 

“OFAC
Program”: As defined in Section 3.06(d) of this Agreement.

 

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

 

    Amended & Restated Master Subservicing Agreement

	4

    	 

    

 

EXECUTION
VERSION

 

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

 

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

 

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

 

“Qualified
Auditor”: All state and federal governmental entities, or an independent third party professional who is not a competitor
of Subservicer and who is trained, experienced and qualified to conduct an audit of Subservicer’s OFAC Program and/or AML/BSA
Services.

 

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

 

“Relevant
Servicing Criteria”: The Servicing Criteria applicable to the Subservicer, which are those Servicing Criteria applicable
to KRECM as set forth as an Exhibit to the applicable PSA that the Subservicer has agreed to undertake pursuant to this Agreement
as set forth on the Task List. With respect to any Servicing Function Participant or other subservicer engaged by the Subservicer,
the term “Relevant Servicing Criteria” refers to the items of the Relevant Servicing Criteria applicable to the Subservicer
that engaged such Servicing Function Participant or other subservicer that are applicable to such Servicing Function Participant
or other subservicer based on the functions it has been engaged to perform.

 

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

 

“Reportable
Event”: The occurrence of an event requiring disclosure under Form 8-K.

 

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

 

“Restricted
Servicing Action”: As defined in Section 2.02(a).

 

“Sarbanes-Oxley
Certification”: To the extent such is required pursuant to the applicable PSA as defined in the applicable
PSA.

 

    Amended & Restated Master Subservicing Agreement

	5

    	 

    

 

EXECUTION
VERSION

 

“Securitization
Servicing Agreements”: With respect to each Mortgage Loan, the related PSA, primary servicing agreement, sub-servicing
agreement or other similar agreement pursuant to which such Mortgage Loan is serviced by KRECM.

 

“Security
Breach”: Any intrusion, security breach, or unauthorized access to or use of any personally identifiable information,
including, but not limited to, Customer Information in the possession of Subservicer or that of its service providers.

 

“Servicing
Advance”: Any “servicing advance,” “property advance” or other similar term as defined in
the applicable PSA, excluding any T&I Advances.

 

“Servicing
Accounts”: The account or accounts maintained by the Subservicer, other than the Subservicer Collection Account,
Servicing Fee Account and Ancillary Fee Account, pursuant to the applicable PSA, which may include any escrow accounts, reserve
accounts, lock-box accounts and/or cash collateral accounts.

 

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

 

“Servicing
Fee”: Any amounts payable on the Mortgage Loans pursuant to the related PSA as the monthly fee payable to KRECM.

 

“Servicing
Fee Account”: An account established by Subservicer into which all Servicing Fees payable to KRECM pursuant to each
PSA are deposited as set forth in Section 3.01(k).

 

“Servicing
Officer”: Any officer and/or employee of the Subservicer involved in, or responsible for, the administration
and servicing of the Mortgage Loans, whose name and specimen signature appear on a list of servicing officers furnished by the
Subservicer to KRECM on the Effective Date, as such list may be amended from time to time thereafter.

 

“SSAE
16”: The Statements on Standards for Attest Engagements written by the American Institute of Certified Public Accountants,
Service Organization Control (SOC) level 1 report.

 

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

 

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

 

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

 

“Subservicer
Remittance Date”: The Business Day immediately preceding the applicable master servicer’s remittance date
under the applicable PSA.

 

“Subservicing
File”: With respect to each Mortgage Loan, all documents, information and records relating to such Mortgage Loan
that are necessary or appropriate to enable the Subservicer to perform its obligations under this Agreement and any additional
documents or information related thereto maintained or created in any form by the Subservicer, including all analysis, working
papers, inspections reports, written communications with any Borrower or other Person, and all other information collected from
or concerning any Borrower or the related Mortgaged Property in the Subservicer’s possession.

 

“T&I
Advances”: any advances representing real estate taxes or insurance premiums (to the extent required in the SSA,
including renewal payments).

 

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“Task
List”: The list of Subservicer responsibilities set forth on Exhibit G.

 

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

 

“Transfer
Instructions”: The instructions and process for transferring certain of the servicing responsibilities to the Subservicer,
as set forth on Exhibit I.

 

“Trust”:
The trust created by each PSA.

 

Section
1.02.        Interpretative Matters.

 

For
purposes of this Agreement, and except as otherwise expressly provided in this Agreement, all references in this Agreement to
“KRECM” and all references to any compensation, fees, or other amounts payable to or by KRECM, any rights, duties
or obligations of KRECM, or otherwise, shall be references to KRECM solely in its capacity as master servicer under the related
PSA. Notwithstanding anything to the contrary in this agreement, the Subservicer shall not be entitled to receive any portion
of any compensation, fee or other amount that is payable to the Special Servicer under any Securitization Servicing Agreement
or otherwise. Subservicer’s servicing duties and obligations with respect to a specific Mortgage Loan shall be performed
in accordance with the related PSA unless otherwise set forth in this Agreement.

 

ARTICLE
II.

RETENTION AND AUTHORITY OF SUBSERVICER

 

Section
2.01.        Servicing Standard; Commencement of Servicing Responsibilities.

 

KRECM
hereby engages the Subservicer to perform, and the Subservicer hereby agrees to perform, the servicing duties and obligations
of the master servicer under each PSA with respect to the Mortgage Loans, beginning on each applicable Effective Date and continuing
throughout the term of, subject to the Relevant Servicing Criteria, and otherwise upon and subject to the terms, covenants and
provisions of, this Agreement. Pools of mortgage loans will become “Mortgage Loans” and serviced pursuant to this
Agreement from time to time pursuant to each Acknowledgement Agreement as of each applicable Effective Date. The Subservicer shall
service and administer each Mortgage Loan in accordance with the applicable “Servicing Standard” or “Accepted
Servicing Practices” as set forth in each applicable PSA. The above-described servicing standards are collectively referred
to in this Agreement as “Accepted Subservicing Practices.”

 

Section
2.02.        Subcontractors and Vendors.

 

The
Subservicer shall have full power and authority to enter into one or more agreements with Affiliates, subcontractors, vendors
or other third parties for the performance of inspections, monitoring insurance and/or taxes, financial statement collection calls,
UCC Financing Statements, appraisals, flood certifications, imaging, defeasance, satisfactions and legal; provided that
the Subservicer may engage third parties for the underwriting of assumptions and modifications on a case-by-case basis, upon approval
of KRECM. Subservicer shall remain obligated and liable to KRECM for performing all such

 

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delegated duties in accordance with this
Agreement without diminution of such obligation or liability by virtue of such delegation. The Subservicer shall be obligated
to pay all fees and expenses of any Affiliates, subcontractors, vendors or other third parties out of its subservicing fee amounts.

 

Section
2.03.        Authority of Subservicer.

 

(a)          Except
as otherwise provided in this Agreement and subject to the terms of this Agreement and KRECM’s limitations of authority
as master servicer under the applicable PSA, in performing its obligations under this Agreement, the Subservicer shall have full
power and authority to take any and all actions in connection with such obligations that it deems necessary or appropriate; provided,
however, that the Subservicer shall not take any of the following actions (each, a “Restricted Servicing Action”)
with respect to any Mortgage Loan without receiving the prior written consent of KRECM:

 

(i)         granting
or withholding consent to, or the performance of, any defeasance of a Mortgage Loan in accordance with the applicable PSA;

 

(ii)        any
consent, modification, waiver, amendment of, or with respect to, any Mortgage Loan, whether or not material, including but not
limited to any forgiveness of principal, any change in the amount or timing of any payment of principal or interest, maturity,
extension rights or prepayment provisions or the substitution, full or partial release or addition of any collateral for any Mortgage
Loan or the waiver of any late fees to the extent permitted in the applicable PSA, provided, however, that Subservicer
may waive late fees without the prior written consent of KRECM based on the Memorandum of Understanding Regarding Late Fees between
KRECM and Subservicer dated October 25, 2012, which may be revised from time to time;

 

(iii)       granting
or withholding consent to any transfer of ownership of a Mortgaged Property or any transfer of any interest in any Borrower or
any owner of a Mortgaged Property (including entering into any assumption agreement in connection therewith);

 

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

 

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

 

(vi)       with
respect to any Mortgage Loan that is an ARD Mortgage Loan, after its Anticipated Repayment Date, taking any enforcement action
(other than requests for collection) for the payment of, or the waiver of all or any portion of, the accrued Excess Interest;

 

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

 

(viii)     approving
or granting any consent to leasing activity (including any subordination, non-disturbance and attornment agreement) with respect
to any Mortgaged Property (but not including confirmations that a lease does not require consent), provided, however, if the consent
of any third party other than the Master Servicer, KRECM, is not required under the PSA, then Subservicer may approve or consent,
without KRECM’s prior written consent, to a borrower’s

 

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requested leasing activity (including but not limited to approving
the execution, termination or renewal of the applicable lease, subordination, non-disturbance and attornment agreement and/or
other related documents);

 

(ix)        granting
any consent to any request by a Borrower for approval to modify its organizational documents, excluding any amendments by the
Borrower to modify its organizational documents in connection with any permitted transfers not requiring Lender’s consent,
as determined in consultation with counsel; or

 

(x)         any
determination with respect to a Mortgage Loan as to whether a default has occurred under the related Mortgage Loan Documents by
reason of any failure on the part of the related Borrower to maintain insurance policies in accordance with the loan documents
or Subservicer’s standard requirements.

 

With
respect to any Restricted Servicing Action which under the applicable PSA is to be performed exclusively by the Special Servicer,
the Subservicer shall deliver to KRECM the related Borrower’s request therefor and any other documents or information related
thereto in its possession or otherwise reasonably requested by KRECM and the Subservicer shall not have any obligation to process
such request or to obtain any consent or approval from the Special Servicer. With respect to any Restricted Servicing Action which
under the applicable PSA is to be performed by KRECM, the Subservicer shall not perform such action without obtaining the prior
written consent of KRECM (which consent (x) may be in the form of an asset business plan approved in writing by KRECM and (y)
shall be subject to the prior approval of the Special Servicer, any required Certificateholder, the Rating Agencies and any other
Person if so required under the applicable PSA, which approvals shall be requested by KRECM).

 

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

 

ARTICLE
III.

SERVICES TO BE PERFORMED

 

Section
3.01.        Services as Subservicer.

 

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

 

(a)          The
Subservicer shall, subject to the limitations and restrictions on its authority otherwise set forth in this Agreement and the
PSAs, perform the duties and obligations with respect to the Mortgage Loans that KRECM is required to perform under the PSAs as
modified, clarified or more specifically stated as follows:

 

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

 

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

 

(iii)       the
Subservicer shall have no obligation to make principal and interest advances or Servicing Advances; provided that to the
extent that KRECM retained the responsibility to make T&I Advances under the respective PSA, KRECM hereby delegates this responsibility
to Subservicer. In the event that Subservicer determines that such T&I Advance is necessary, the Subservicer shall make the
T&I Advance as and when required. For each T&I Advance made by Subservicer, Subservicer shall have the right to reimburse
itself from funds collected from the applicable borrower, as permitted under the applicable
PSA and the Subservicer shall be entitled to interest on any T&I Advance made with respect to a Mortgage Loan. Such interest
(“Advance Interest”) shall accrue at the “prime rate” published in the “Money Rates”
section of The Wall Street Journal, as such “prime rate” may change from time to time, commencing from the date on
which such T&I Advance was made to the Business Day on which the Subservicer is reimbursed for such T&I Advance pursuant
to this Agreement. In the event that Subservicer is unable to reimburse itself for a T&I Advance with Advance Interest by
the fifth (5th) business day of the following month, Subservicer will send invoice for advances and Advance Interest to KRECM
for reimbursement. Within two (2) business days after KRECM’s receipt of a written request from Subservicer, KRECM will
remit advance funds and Advance Interest to Subservicer. As Subservicer receives funds from the borrower to repay the advance,
Subservicer will, upon monthly investor reporting remittance, remit collected advance funds to KRECM. All T&I Advance reimbursement
notices delivered by Subservicer to KRECM or delivered by KRECM to Subservicer shall state the applicable loan servicing number,
applicable escrow bucket, T&I Advance amounts due and owing;

 

(iv)       with
respect to each Mortgage Loan, the Subservicer shall, consistent with Accepted Subservicing Practices and the Task List, monitor
the related Borrower’s insurance obligations in accordance with PSA and the related Mortgage Loan documents, and in the
event a Borrower fails to maintain such insurance, the Subservicer shall promptly (A) notify KRECM in writing of such Borrower’s
failure to maintain such insurance and whether or not such insurance is required by the terms of the related Mortgage Loan documents,
and (B) deliver to KRECM all documents and other information in Subservicer’s possession, and any additional information
reasonably requested by KRECM, to assist KRECM in determining, among other things, whether or not such insurance is available
at commercially reasonable rates; provided that the Subservicer shall not be required to maintain insurance coverage on
any Mortgaged Property and KRECM shall notify the Subservicer of such determination within ten (10) Business Days after KRECM’s
receipt of such request, notice or other requested information or KRECM shall be deemed to have approved force placed insurance
coverage unless such action requires third party approval, in which case, the consent of KRECM and the third party is required;
and (C) with the consent (or deemed consent) of KRECM and consistent with the Task List administer for forced place insurance
as required by the applicable PSA;

 

(v)         the
Subservicer shall establish a collection account (the “Subservicer Collection Account”) meeting all
of the requirements of the collection account or certificate account (or such other similar term) maintained by KRECM under the
applicable PSA for each Trust and shall deposit into the related Subservicer Collection Account, payments received from a Borrower
or any

 

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other source as required pursuant to the applicable PSA; provided that any withdrawals from the Subservicer Collection
Account shall be made only as specifically authorized under this Agreement;

 

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

 

(vii)       the
Subservicer may invest the funds in each Subservicer Collection Account and the Servicing Accounts in one or more Permitted Investments
on the same terms as KRECM may invest funds in the collection account or certificate account and the related servicing accounts
under the applicable PSA, and subject to the same restrictions and obligations regarding maturity dates, gains, losses, possession
of Permitted Investments and Permitted Investments payable on demand; provided, however, that funds deposited in
the Servicing Fee Account and Ancillary Fee Account must be deposited in an Eligible Account and may be invested in Permitted
Investments.

 

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

 

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

 

(x)         KRECM
shall, within forty (40) days after the Effective Date with respect to any Legacy CMBS Transaction, deliver to Subservicer
written evidence of each notification to any related ground lessor that such Mortgage Loan has been transferred into the
Trust (provided that any applicable items contained in the Subservicing Files or other correspondence or documents
delivered by KRECM to the Subservicer, including by electronic delivery, in connection with this Agreement shall satisfy
KRECM’s obligation to deliver such evidence). The Subservicer shall, within forty (40) days after the Effective Date
with respect to any Future CMBS Transaction, deliver to KRECM written evidence of each notification to any related ground
lessor that such Mortgage Loan has been transferred into the Trust. KRECM and the Subservicer, as applicable, shall deliver
to the other party within two (2) Business Days after receipt any notices of default under any ground lease that KRECM or the
Subservicer, as applicable, receives;

 

(xi)        except
as otherwise set forth in this Agreement, all notices, information, reports, certifications, consents, and other documentation
that are required under any PSA to be provided by KRECM to, or obtained by KRECM from, the Trustee, custodian, the Depositor,
the certificate administrator, any mortgage loan seller, the initial purchasers, the guarantor, the 17g-5 Information Provider
if applicable, any Rating Agency, the applicable Certificateholders, the Special Servicer, any other party to the applicable PSA
or any other Person shall be provided by the Subservicer to KRECM only (or as otherwise directed by KRECM) within the time set
forth in this Agreement (or if no such time is set forth, within one (1) Business Day prior to the date on which KRECM is required
to deliver such item to the applicable Person); provided, however, to the extent the Subservicer is required to
provide any of the foregoing directly to any such third party, including the document custodian, pursuant to this Agreement, the
Subservicer shall forward original documents/closing binders to the document custodian and electronic copies to any other third
party. Additionally, Subservicer shall provide KRECM with electronic copies through the web services feed. KRECM and Subservicer
hereby agree that Subservicer may directly request, and receive, from the document custodian electronic copies of any pertinent
loan or transaction level documents.

 

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(b)          The
Subservicer shall promptly notify KRECM in writing of all material collection and customer service issues and furnish KRECM with
copies of all written communications regarding such issues between the Subservicer and any Borrower or any third party in connection
with the Subservicer’s obligations under this Agreement.

 

(c)          The
Subservicer shall perform principal prepayments in accordance with the Task List. The Subservicer shall, (i) not later than five
(5) Business Days after its receipt of any such request or notice, deliver to KRECM a payoff statement calculated by the Subservicer
with respect to such principal prepayment setting forth the amount of the principal prepayment, the aggregate interest accrued
thereon, the rates used, the date of such rates, and the other fees or expenses to be paid by the Borrower; and (ii) deliver to
KRECM and a copy to AMS Real Estate Services for any loan with a calculated yield maintenance charge, all documents and other
information in Subservicer’s possession, and any other information reasonably requested by KRECM, or AMS Real Estate Services,
to verify the Subservicer’s calculations. KRECM shall respond within five (5) Business Days after receipt of such requests,
notices or other requested information or KRECM shall be deemed to have approved the Subservicer’s calculations unless such
action requires third party approval, in which case, the consent of KRECM and the third party is required. If the Subservicer
accepts any principal prepayment, then it shall (pursuant to wiring instructions from KRECM) remit such principal prepayment to
KRECM on the Subservicer Remittance Date.

 

(d)          If
the Subservicer causes any voluntary prepayment interest shortfall with respect to any principal prepayment resulting in an obligation
by KRECM to make a payment in respect of any prepayment interest shortfall under the applicable PSA, then the Subservicer shall,
on the Subservicer Remittance Date following such breach, remit to the Trust the amount of such prepayment interest shortfall
required to be paid by KRECM under the applicable PSA. Any payment by the Subservicer of such prepayment interest shortfall shall
not be construed to constitute a waiver or cure of a Subservicer Event of Default.

 

(e)          The
Subservicer shall promptly notify KRECM in writing upon obtaining actual knowledge or receipt of notice from a Borrower of the
occurrence of any event that the Subservicer has determined may cause a Mortgage Loan to become a specially serviced Mortgage
Loan pursuant to the requirements in the applicable PSA. The final determination as to whether a Mortgage Loan has become a specially
serviced loan shall be made by KRECM and KRECM shall promptly notify the Subservicer of its determination.

 

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

 

(g)          No
later than the last day of each calendar month, the Subservicer shall deliver to KRECM a statement prepared by the Subservicer
setting forth the status of the Subservicer Collection Account as of the close of business on the Determination Date in such month
(together with a copy of the most recent monthly bank reconciliation statement received by the Subservicer with respect to the
Subservicer Collection Account) and showing the aggregate amount of deposits into and withdrawals from the Subservicer Collection
Account since the preceding Determination Date for each category of deposit specified in the applicable PSA Section and each category
of withdrawal specified in the applicable PSA.

 

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(h)         Not
later than 2:00 p.m. (New York City time) one (1) Business Day after each Determination Date, beginning in the month following
the Effective Date, the Subservicer shall prepare and deliver or cause to be delivered to KRECM, in an electronic form, (i) the
CREFC Loan Periodic Update File, the CREFC Property File, the CREFC Financial File, the CREFC Delinquent Loan Status Report, the
CREFC Historical Loan Modification and Corrected Mortgage Loan Report, the CREFC Loan Level Reserve/LOC Report, the CREFC Comparative
Financial Status Report, the CREFC Servicer Watch List and, (ii) to the extent required to be delivered by KRECM under the PSA,
any other file or report that may from time to time be recommended by the CREFC for commercial mortgage-backed securities transactions
generally (substantially in the form of, and containing the information called for in, the downloadable form of such file or report
then-available on the CREFC Website) and requested in writing by KRECM, in each case providing the most recent information with
respect to the Mortgage Loans as of the close of business on the related Determination Date (and which, in each case, if applicable,
will identify each Mortgage Loan by loan number and property name). Delivery of any of the foregoing shall be deemed satisfied
at the time such file or report is posted to Subservicer’s website InvestorView, or such other website as the Subservicer
may notify KRECM in writing; provided that the Subservicer shall notify KRECM in writing or electronically immediately
upon the posting of any such file or report to the Subservicer’s website.

 

(i)          Commencing
with the calendar quarter following the Effective Date, the Subservicer shall use its reasonable efforts to obtain quarterly and
annual operating statements, budgets and rent rolls with respect to each of the Mortgage Loans, and quarterly and annual financial
statements of each related Borrower, which efforts shall include sending a letter to such Borrower each quarter (followed up with
telephone calls) requesting such quarterly and annual operating statements, budgets, rent rolls and financial statements by no
later than the timeframe set forth in the applicable PSA for KRECM to deliver such information, whether or not delivery of such
items is required pursuant to the terms of the related Mortgage Loan documents, but to the extent such action is consistent with
applicable law, the terms of such Mortgage Loans and Accepted Subservicing Practices. Upon KRECM’s written request, the
Subservicer shall deliver copies of all of the foregoing items so collected in an imaged PDF format, Excel format, or such other
format reasonably acceptable to KRECM and the Subservicer within twenty-five (25) days after the Subservicer’s receipt of
such items together with the CREFC Operating Statement Analysis Report and CREFC NOI Adjustment Worksheet.

 

(j)          After
the Effective Date, the Subservicer shall maintain a CREFC Operating Statement Analysis Report and CREFC NOI Adjustment Worksheet
with respect to each Mortgaged Property. The Subservicer shall deliver electronically to the requisite parties designated to receive
the information from KRECM under the applicable PSA and KRECM the CREFC Operating Statement Analysis Report and CREFC NOI Adjustment
Worksheet, as required by and in the timeframes set forth in the PSA.

 

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

 

(l)          Each
month by 2:00 p.m. (New York City time) on the Subservicer Remittance Date, the Subservicer shall remit to KRECM, pursuant to
wiring instructions from KRECM, all amounts received for such collection or due period by the Subservicer with respect to the
Mortgage Loans on or before the close of business on the Business Day immediately preceding such Subservicer Remittance Date less
(i) all amounts constituting the Servicing Fee pursuant to the related PSA and (ii) all Borrower Paid Fees payable to KRECM pursuant
to the related PSA. In addition, the Subservicer shall remit to KRECM

 

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within one (1) Business Day after receipt any delinquent
payments on the Mortgage Loans received by the Subservicer and any related Penalty Charges. Each of the foregoing remittances
of funds shall be accompanied by a Remittance Report. Each month by 2:00 p.m. (New York City time) on the Subservicer Remittance
Date, the Subservicer shall deposit into the Servicing Fee Account all amounts constituting Servicing Fees due to KRECM with respect
to the related PSA.

 

(m)        On
the Subservicer Remittance Date, the Subservicer shall remit to KRECM (pursuant to wiring instructions from KRECM) any whole or
partial balloon payments, principal prepayments, prepayment premiums, yield maintenance charges, liquidation proceeds, insurance
proceeds and condemnation proceeds, and any interest thereon, together with a Remittance Report, provided however, that upon request
from KRECM, if Subservicer receives liquidation proceeds for a specially serviced Mortgage Loan or any whole or partial balloon
payments, principal prepayments, prepayment premiums, yield maintenance charges and any interest thereon received in the prior
Due Period and remitted to the Trust by KRECM in that Due Period, Subservicer shall remit the liquidation proceeds or such other
funds previously remitted within one (1) Business Day after funds are posted to the borrower record.

 

(n)         After
the Effective Date, the Subservicer shall prepare or have prepared, and deliver electronically to the requisite parties designated
to receive the information from KRECM under the applicable PSA and KRECM a Property Inspection Report for each inspection performed
by it or on its behalf by a third party, in each case as required by and in the timeframes set forth in the applicable PSA.

 

(o)         The
Subservicer shall provide KRECM with such reports and other information (in the Subservicer’s possession or to the extent
readily obtainable and as reasonably requested by KRECM and in an electronic format reasonably acceptable to KRECM) with respect
to the servicing of the Mortgage Loans by the Subservicer under this Agreement in order for KRECM to perform its duties under
the PSA.

 

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

 

(q)         Following
its receipt from the Depositor, KRECM shall provide a copy of any loan purchase agreements to the Subservicer. The Subservicer
shall notify KRECM in writing within five (5) Business Days after the Subservicer discovers or receives notice alleging a Defect.
The Subservicer shall promptly provide to KRECM a copy of any written repurchase request received by the Subservicer and such
other information in the possession of the Subservicer reasonably requested by KRECM to fulfill its obligations under the applicable
PSA.

 

(r)          Following
receipt of any Borrower Paid Fees due to KRECM, the Subservicer shall deposit such amounts into the Ancillary Fee Account within
two (2) Business Days of receipt.

 

(s)         The
Subservicer shall promptly notify KRECM if the Subservicer becomes an Affiliate of the related Trustee.

 

(t)          Without
limiting, and where applicable in addition to, the duties and obligations with respect to the Mortgage Loans otherwise described
in this Agreement, the Subservicer shall perform the servicing actions described on the Task List.

 

(u)         If
a Mortgage Loan becomes a specially serviced Mortgage Loan pursuant to the related PSA and the related PSA does not require that
servicing under this Agreement be terminated with respect to such Mortgage Loan upon such Mortgage Loan becoming a specially serviced
Mortgage Loan, the Subservicer shall continue to receive payments (and apply such funds as directed by KRECM or the

 

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related special
servicer), update payment records, file UCC Financing Statements, monitor tax amounts due, and monitor insurance coverage with
respect to each such specially serviced Mortgage Loan and shall provide KRECM or the special servicer with any information reasonably
required by KRECM or the special servicer to perform its duties under the related PSA, but the Subservicer shall take no other
actions with respect to such specially serviced Mortgage Loan unless expressly directed in writing by KRECM or the special servicer.
Berkadia will be responsible for all communications with any special servicer under the related PSA. If an inquiry on a specially
serviced Mortgage Loan requires the review or consent of KRECM, Subservicer shall forward such request to KRECM for review/consent/denial/modification
and will coordinate the delivery of such consent/denial/modification to the special servicer, if applicable. If permitted or not
prohibited by the related PSA, upon a specially serviced Mortgage Loan becoming a “corrected” or “performing”
Mortgage Loan, KRECM shall promptly notify the Subservicer of such change and the Subservicer shall resume its servicing obligations
and duties required pursuant to this Agreement. Notwithstanding any provision to the contrary in this Agreement, the Subservicer
shall be entitled to receive any and all fees, compensation and other amounts as provided for in this Agreement during any time
that any Mortgage Loan is a specially serviced Mortgage Loan and all such amounts shall be payable to Subservicer if and to the
extent (i) sufficient payments or other amounts are received that are allocable to such Mortgage Loan, and (ii) the related PSA
permits the payment of such fees, compensation or other amounts during any time that such Mortgage Loan is a specially serviced
Mortgage Loan. If any amounts payable to the Subservicer are not paid because there are not sufficient amounts received with respect
to such Mortgage Loan at any time, all such amounts shall accrue and remain payable to the Subservicer from any amounts, if any,
that are subsequently received with respect to such Mortgage Loan.

 

Section
3.02.        Portfolio Manager.

 

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

 

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

 

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

 

The
Subservicer shall obtain and maintain with Qualified Insurers, at its own expense, and keep in full force and effect throughout
the term of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy covering all of the Subservicer’s
officers, employees and agents acting on behalf of the Subservicer in connection with its activities under this Agreement and
that satisfies the fidelity bond and errors and omissions insurance policy requirements under the PSAs. The Subservicer shall
deliver or cause to be delivered to KRECM a certificate of insurance or other evidence of such fidelity bond and insurance within
thirty (30) days of the Effective Date and thereafter (i) within ten (10) Business Days after each renewal thereof, (ii) if not
delivered in any calendar year pursuant to clause (i), then upon each anniversary of the Effective Date, and (iii) from
time to time upon KRECM’s reasonable request. Such fidelity bond and errors and omissions policy shall provide that it may
not be canceled without twenty (20) days’ prior written notice to the KRECM. The Subservicer shall (i) furnish to KRECM
copies of all binders and policies or certificates evidencing that such fidelity bond and errors and omissions insurance policy
are each in full force and effect, and (ii) promptly report or cause its insurer(s) to report in writing to KRECM any termination
of or any material changes to the Subservicer’s fidelity bond or errors and omissions insurance policy.

 

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EXECUTION VERSION

 

Section 3.04.     Delivery and Possession of Servicing Files.

 

The parties acknowledge
that KRECM did previously have possession of or control over, the Subservicing Files. KRECM shall on the Effective Date, transfer
to the Subservicer electronically each of the servicing files relating to the Mortgage Loans in accordance with the Transfer Instructions.
Upon receipt, the Subservicer shall acknowledge possession of the Subservicing Files. The contents of each Subservicing File are
and shall be held in trust by the Subservicer for the benefit of the Trust as the owner thereof; the Subservicer’s possession
of the contents of each Subservicing File is for the sole purpose of servicing the related Mortgage Loan; and such possession by
the Subservicer shall be in a custodial capacity only. The Subservicer shall release its custody of the contents of any Subservicing
File only in accordance with written instructions from KRECM, and upon request of KRECM, the Subservicer shall deliver to KRECM
the requested Subservicing File or an electronic copy (in a format reasonably acceptable to KRECM) of any document contained therein.
In addition, KRECM shall also complete the Subservicer’s standard electronic data transfer template for each Mortgage Loan
and provide such electronic data transfer template to Subservicer on the Effective Date to enable the Subservicer to board the
Mortgage Loans to its servicing system.

 

Section 3.05.     Financial Statements of the Subservicer.

 

The Subservicer shall
deliver to KRECM quarterly and annual financial statements of the Subservicer and its subsidiaries for its last complete fiscal
quarter or year, as applicable. All such financial statements shall be prepared in accordance with Generally Accepted Accounting
Principles consistently applied, and shall fairly present the pertinent results of (i) operations for such quarter or year, as
applicable, (ii) the financial position at the end of such quarter or year, as applicable, and (iii) changes in financial position
with respect to the Subservicer’s last complete fiscal quarter or year, as applicable. KRECM shall enter into a confidentiality
agreement with the Subservicer to keep any nonpublic information that is provided by the Subservicer to KRECM pursuant to this
Section 3.05 confidential.

 

Section 3.06.     Exchange
Act Reporting and Regulation AB Compliance.

 

(a)       Intent of the Parties. The parties hereto acknowledge and agree that the purpose of this Section 3.06 is,
among other things, to facilitate compliance with the provisions of Regulation AB and related rules and regulations of the Commission
and the applicable PSA requirements related thereto. The Subservicer acknowledges that interpretations of the requirements of Regulation
AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants
in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by KRECM for delivery
of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with the Trust,
the Subservicer shall cooperate fully with KRECM, the Depositor and the party designated in the applicable PSA to file the Commission’s
reports (which may be the Trustee or the Certificate Administrator) to deliver or make available to them (and any of their respective
assignees or designees) any and all statements, reports, certifications, records and any other information in its possession and
(as determined by KRECM, the Depositor or the party designated in the applicable PSA to file the Commission’s reports, as
applicable) necessary to permit KRECM, the Depositor and the party designated in the applicable PSA to file the Commission’s
reports to comply with the provisions of Regulation AB and the applicable PSA, together with such disclosures relating to the Subservicer
or the servicing of the Mortgage Loans reasonably believed by KRECM or the Depositor, as applicable, to be necessary in order to
effect such compliance. On or after the Effective date, but no longer than thirty (30) days after the Effective Date, KRECM shall
provide all notices and documentation required under the related PSA to inform the PSA parties that the Subservicer has been appointed
and shall provide Regulation AB reports, as provided herein. KRECM

 

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shall inform the Subservicer as to whether the Trust has filed
the requisite documentation to suspend its reporting obligations under the Exchange Act.

  

(b)       Information
to be Provided by the Subservicer.

(i)          The
Subservicer shall, for so long as the applicable Trust is subject to the reporting requirements of the Exchange Act, promptly
following written notice to or discovery by the Subservicer, (A) notify KRECM in writing of (I) any material litigation or governmental
proceedings pending against the Subservicer that, in each such
case, would be material to the Certificateholders and (II) any affiliations or relationships that develop following the Effective
Date between the Subservicer and any other Person with respect to the applicable Trust, and (B) provide to KRECM or the Depositor
a description of such proceedings, affiliations or relationships.

 

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

 

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

 

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

 

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

 

(d)       Additional Filing Disclosures.

 

(i)          Additional
Form 10-D Disclosures. For so long as the applicable Trust is subject to the reporting requirements of the
Exchange Act, the Subservicer shall, within one (1) day after the related Distribution Date, provide to KRECM, the Depositor
and the party designated in the applicable PSA to file the Commission’s reports (which may be the Trustee or the
Certificate Administrator), to the extent known by the Subservicer or a Servicing Officer thereof (other than

 

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EXECUTION VERSION

 

information contemplated
by Item 1117 or Item 1119 of Regulation AB, which shall be reported if known by any Servicing Officer, any lawyer in the in-house
legal department or any senior manager of the Subservicer), in EDGAR-compatible form (or in such other format as otherwise agreed
upon by the Subservicer and KRECM, the Depositor or the party designated in the applicable PSA to file the Commission’s
reports), any additional Form 10-D disclosure required under the applicable PSA, as applicable to KRECM, together with
an additional disclosure notification as required under the applicable PSA. 

 

(ii)        Additional
Form 10-K Disclosures. For so long as the applicable Trust is subject to the reporting requirements of the Exchange Act, the
Subservicer shall, no later than March 1 (with no grace period) of each year (commencing in 2013), provide to KRECM, the Depositor
and the party designated in the applicable PSA to file the Commission’s reports (which may be the Trustee or the Certificate
Administrator), to the extent known by the Subservicer or a Servicing Officer thereof (other than information contemplated by
Items 1117 and 1119 of Regulation AB, which shall be reported if known by any Servicing Officer, any lawyer in the in-house legal
department or any senior manager of the Subservicer), in EDGAR-compatible format (or in such other format as otherwise agreed
upon by the Subservicer and KRECM, the Depositor or the party designated in the applicable PSA to file the Commission’s
reports), any additional Form 10-K disclosure required under the applicable PSA, as applicable to KRECM, together with an additional
disclosure notification as required under the applicable PSA.

 

(iii)       Form 8-K Disclosure Information. For so long as any Trust is subject to the reporting requirements of the Exchange Act,
the Subservicer shall, no later than noon (New York City time) on the first (1st) Business Day after the occurrence
of a Reportable Event requiring disclosure under Form 8-K, provide to KRECM,
the Depositor and the party designated in the applicable PSA to file the Commission’s reports (which may be the Trustee
or the Certificate Administrator), to the extent known by the Subservicer or a Servicing Officer thereof (other than information
contemplated by Item 1117 of Regulation AB, which shall be reported if known by any officer of the Subservicer), in EDGAR-compatible
format (or in such other format as otherwise agreed upon by the Subservicer and KRECM,
the Depositor or the party designated in the applicable PSA to file the Commission’s reports), any Form 8-K disclosure information
as required under the applicable PSA, as applicable to KRECM, together
with an additional disclosure notification as required under the applicable PSA. Without limiting the foregoing, the Subservicer
shall promptly notify KRECM, but in no event later than noon on the first
(1st) Business Day after its occurrence, of any Reportable Event (or such similar term used under the applicable PSA)
of which it has knowledge.

 

(iv)        Upon the request of KRECM, the Depositor or the party designated in the applicable PSA to file the Commission’s reports
(which may be the Trustee or the Certificate Administrator), the Subservicer shall promptly provide to the requesting party any
information in its possession as is necessary or appropriate for such party to prepare fully and properly any report required under
the Exchange Act with respect to the Trust in accordance with the Securities Act, the Exchange Act and the rules and regulations
promulgated thereunder.

 

(v)         The Subservicer shall promptly provide to KRECM a written description (in form and substance satisfactory to KRECM) of the
role and function of each subcontractor that is a Servicing Function Participant (pursuant to Item 1108(a)(2) of Regulation AB)
utilized by the Subservicer, specifying (A) the identity of such subcontractor, and (B) which elements of the Servicing Criteria
will be addressed in assessments of compliance provided by each such subcontractor. The Subservicer shall cause any subcontractor
determined to be a Servicing Function Participant to comply with the provisions of this Section 3.06 to the same extent
as if such

 

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EXECUTION VERSION

 

subcontractor were the Subservicer. The Subservicer shall obtain from each such subcontractor and deliver to KRECM any
assessment of compliance report and related accountant’s attestation required to be delivered by such subcontractor under
this Section 3.06, in each case, as and when required to be delivered.

 

(e)          Sarbanes-Oxley Certification. The Subservicer shall deliver to KRECM, no later than March 5 (or if such day is not
a Business Day, then the immediately succeeding Business Day, with no cure period) of each year (commencing in 2013) in which any
Trust is subject to the reporting requirements of the Exchange Act for the preceding fiscal year (and otherwise within a reasonable
period of time upon request), a certification in the form attached hereto as Exhibit F (a “Performance
Certification”), on which KRECM and KRECM’s officers, directors, members, managers, employees, agents and Affiliates
(collectively, the “Certification Parties”) can reasonably rely. The Subservicer shall, if it is terminated
or resigns pursuant to the terms of this Agreement, provide a Performance Certification to KRECM with respect to the period of
time it was subject to this Agreement. Pursuant to the provisions in the applicable PSA, each Performance Certification shall include
(x) a reasonable reliance statement by the Subservicer enabling the Certification Parties to rely upon each (i) annual compliance
statement, (ii) annual report on assessment of compliance with the Servicing Criteria and (iii) registered public accounting
firm attestation report and (y) a certification that each such annual report on assessment of compliance discloses any material
instances of noncompliance described to the Subservicer’s registered public accounting firm to enable such accountants to
render the attestation.

 

(f)           Annual Compliance Statements. The Subservicer shall deliver to KRECM no later than March 5 (or if such day is not
a Business Day, then the immediately succeeding Business Day, with no cure period) of each year (commencing in 2013), an Officer’s
Certificate (in Microsoft Word, Microsoft Excel or in such other reasonably requested format) stating, as to the signer thereof,
that (i) a review of the Subservicer’s activities during the preceding annual year or portion thereof and of the Subservicer’s
performance under this Agreement, has been made under such officer’s supervision and (ii) to the best of such officer’s
knowledge, based on such review, the Subservicer has fulfilled all its obligations under this Agreement, in all material respects
throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect,
specifying each such failure known to such officer and the nature and status thereof. KRECM and the Depositor shall have the right
to review the Officer’s Certificate and consult with the Subservicer as to the nature of any failures by the Subservicer.

 

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

 

(i)          The Subservicer shall deliver to KRECM no later than March 5 (or if such day is not a Business Day, then the immediately
succeeding Business Day, with no cure period) of each year (commencing in 2013), a report (in Microsoft Word, Microsoft Excel or
in such other reasonably requested format) on an assessment of compliance with the Relevant Servicing Criteria for the Trust’s
preceding fiscal year that contains (A) a statement by the Subservicer of its responsibility for assessing compliance with the
Relevant Servicing Criteria, (B) a statement that the Subservicer used the Servicing Criteria to assess its compliance with the
Relevant Servicing Criteria, (C) the Subservicer’s assessment of compliance with the Relevant Servicing Criteria as of and
for the period ending the end of the fiscal year of the Trust covered by the Form 10-K required to be filed pursuant to the applicable
PSA (including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of
each such failure and the nature and status thereof), and (D) a statement that a registered public accounting firm has issued an
attestation report on the Subservicer’s assessment of compliance with the Relevant Servicing Criteria as of and for such
period. Each Regulation AB assessment of compliance and related attestation contemplated by Section 3.06(h) must be available
for general use and may not contain restricted use language. KRECM and the Depositor shall have the right to review the report
and consult with the Subservicer

 

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EXECUTION VERSION

 

as to the nature of any material instance of noncompliance by the Subservicer with the relevant
Servicing Criteria in the fulfillment of any of the Subservicer’s obligations under this Agreement.

 

(ii)         Within
three (3) Business Days prior to the end of each year for which any Trust is subject to the reporting requirements of the Exchange
Act, commencing in December 2012, the Subservicer shall deliver to KRECM the name and address of each Servicing Function Participant
and subservicer engaged by it and what Relevant Servicing Criteria will be addressed in the report on assessment of compliance
prepared by such Servicing Function Participant or subservicer. The Subservicer shall, when it delivers its report on assessment
under Section 3.06(g)(i), to the extent received, deliver each report on assessment (and the related accountants’
attestation) of each Servicing Function Participant and subservicer engaged by it.

 

(h)         Annual
Independent Public Accountants’ Attestation. The Subservicer shall cause a registered public accounting firm that
is a member of the American Institute of Certified Public Accountant to, no later than March 5 (or if such day is not a
Business Day, then the immediately succeeding Business Day, with no cure period) of each year (commencing in 2013), furnish a
report to KRECM for the preceding fiscal year to the effect that (i) it has obtained a representation regarding certain
matters from the management of the Subservicer that includes an assessment from the Subservicer of its compliance with the
Relevant Servicing Criteria and (ii) on the basis of an examination conducted by such firm in accordance with standards for
attestation engagements issued or adopted by the Public Company Accounting Oversight Board, it is expressing an opinion as to
whether the Subservicer’s compliance with the Relevant Servicing Criteria was fairly stated in all material respects,
or it cannot express an overall opinion regarding the Subservicer’s assessment of compliance with the Relevant
Servicing Criteria. If an overall opinion cannot be expressed, such registered public accounting firm shall state in such
report why it was unable to express such an opinion. Such Regulation AB report must (i) be available for general use and not
contain restricted use language and (ii) if required to be filed with the Commission under applicable law, include the
consent and authorization of such accounting firm for the filing of such report with the Commission. KRECM and the Depositor
shall have the right to review the report and consult with the Subservicer as to the nature of any material instance of
noncompliance by the Subservicer with the Relevant Servicing Criteria in the fulfillment of any of the Subservicer’s
obligations under this Agreement.

 

To the extent the PSA
expressly permits the master servicer to deliver a Uniform Single Attestation Program for Mortgage Bankers (“USAP”),
the Subservicer may elect, in its sole discretion, to provide a USAP report in lieu of a Regulation AB attestation. The Subservicer
shall cause, a registered public accounting firm and that is a member of the American Institute of Certified Public Accountants
to, no later than March 5 (or if such day is not a Business Day, then the immediately succeeding Business Day, with no cure period)
of each year (commencing in 2013), furnish a certificate to KRECM, to the effect that such firm has examined the servicing operations
of the Subservicer for the previous calendar year and that, on the basis of such examination conducted substantially in compliance
with the USAP, such firm confirms that the Subservicer complied with the minimum servicing standards identified in USAP, in all
material respects, except for such exceptions or errors in records that, in the opinion of such firm, the USAP does not require
it to report.

 

(i)           Exchange Act Reporting Indemnification.

 

(i)          The Subservicer shall indemnify and hold harmless each Certification Party, the Depositor and the party designated
in the PSA to file the Commission’s reports (which may be the applicable Trustee or the Certificate Administrator) and their
respective directors, officers, members, managers, employees, agents and Affiliates and each other Person that controls any such
entity within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act

 

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(collectively, the “Indemnified
Parties”) from and against any liabilities, losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments and other costs and expenses incurred by such Indemnified Party arising out of (i) any breach of its
obligations under this Section 3.06 or (ii) negligence, bad faith or willful misconduct on its part in the performance of
such obligations.

 

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

 

(j)          Amendments; Expenses; Subservicers. This Section 3.06 may be amended in writing, executed by the parties hereto
for purposes of complying with or to conform to standards developed within the commercial mortgage-backed securities market, notwithstanding
anything to the contrary contained in this Agreement. The Subservicer’s obligations under this Section 3.06 shall
be performed by it in all cases at its own expense.

 

Section 3.07.     Regulatory Oversight, Compliance and Privacy.

 

Any regulatory oversight or compliance
request by KRECM shall not materially increase the obligations or materially impact the cost of servicing by the Subservicer beyond
the duties and obligations of the Subservicer (without regard to the provisions in this Section 3.07) that are otherwise
set forth in or required by this Agreement, the applicable PSAs, the Accepted Subservicing Practices, and laws and regulations
applicable to the Subservicer; provided, however, that the Subservicer shall comply with all of its obligations
in this Section 3.07, even if such compliance materially increases the Subservicer’s cost of servicing beyond the standard
set forth in the preceding sentence, if KRECM agrees that it will reimburse the Subservicer for the Subservicer’s actual
increased costs of servicing caused directly by having to so comply.

 

(a)          The Subservicer understands and acknowledges that KRECM is subject to examination by certain regulatory agencies as may
have regulatory authority over KRECM, including the OCC, Federal Deposit Insurance Corporation, the Federal Reserve, and the Securities
and Exchange Commission. The Subservicer further understands and acknowledges that KRECM has informed Subservicer that pursuant
to OCC Bulletin 2001-47 (November 1, 2001), KRECM is required to and will engage in ongoing oversight of its relationship with
Subservicer, including reviewing Subservicer’s financial condition, compliance with privacy and laws and regulations, insurance
coverage, and performance under this Agreement. Accordingly, the Subservicer agrees to permit, participate in, submit to, and reasonably
cooperate with any examination or inquiry of the Subservicer or KRECM by KRECM or any such regulatory body or agency of KRECM and
the Subservicer as KRECM’s subservicer under this Agreement. Subject to the introductory paragraph to this Section 3.07,
in connection with any examination or audit performed pursuant to this Section 3.07(a), Subservicer shall reasonably cooperate
with KRECM to fix, mitigate or otherwise address any problems, findings, or concerns raised in any such examination or audit.

 

(b)          The Subservicer and KRECM agree to cooperate and share information, as permitted by Applicable Requirements, with regard
to the subservicing as set forth in this Agreement in order to comply with the laws regarding money laundering and terrorist financing
applicable to each. Subservicer acknowledges that KRECM may perform certain of its anti-money laundering and Bank Secrecy Act (“AML/BSA”)
due diligence procedures during the term of this Agreement. The Subservicer agrees to

 

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provide data and information to KRECM, based
on the services provided by Subservicer under this Agreement, on a periodic basis with reasonable advance notice to Subservicer,
in writing, as stated by the KRECM to enable KRECM to perform its AML/BSA related activities.

 

(c)          In the event that, in performing the subservicing under this Agreement, the Subservicer identifies unusual and suspicious
activity, the Subservicer agrees to promptly deliver to KRECM all relevant information through the methods developed for reporting
possible fraud. KRECM shall determine in its sole discretion whether further action is required by law and shall notify Subservicer
in writing of such determination. KRECM shall, at its sole cost and expense, take any such further action.

 

(d)          The Subservicer shall at all times have policies, procedures and internal controls that materially comply with the regulations
administered by OFAC and shall provide KRECM with documentation of such policies, procedures and controls (“OFAC Program”).
Upon KRECM’s written request, Subservicer agrees to provide KRECM with periodic updates regarding the functionality and effectiveness
of the OFAC Program, including but not limited to the most current OFAC testing results, regarding Subservicer’s OFAC Program.
Subservicer shall not knowingly perform any subservicing in material violation of the OFAC regulations. Subject to the introductory
paragraph to this Section 3.07, in the event that the Subservicer’s OFAC Program are deemed by KRECM to be insufficient
or not in compliance with the minimum standards established by KRECM’s AML Compliance Program, the Subservicer shall promptly
adopt any changes, enhancements, or modifications to its OFAC Program that KRECM deems necessary.

 

The Subservicer, all
of Subservicer’s employees and any subcontractor performing servicing or supporting Subservicer activities under this Agreement,
regardless of their location, shall be validated when hired by Subservicer to not be: (a) a Person that is listed in the annex
to, or is otherwise subject to the prohibitions contained in, Executive Order No. 13224 on Terrorist Financing, effective September
24, 2001 (the “Executive Order”) or OFAC regulations; and (b) on any list published and maintained by the government
of the United States of America of Persons with whom any U.S. Person is prohibited from conducting business. Currently, the lists
of such Persons or entities can be found on the following web site: The Specially Designated Nationals and Blocked Persons List
of the Office of Foreign Assets Control – Department of Treasury at http://www.ustreas.gov/offices/enforcement/ofac/sdn/.
Subservicer shall conduct a review at least semi-annually of the lists mentioned above. Subservicer shall report to KRECM immediately
if the name of any Subservicer employee or sub-contracting entity matches the name of any person listed on any such lists and Subservicer
does not otherwise reasonably determine that such employee or sub-contracting entity is not the same Person listed on any such
list and shall take direction from KRECM with respect to the appropriate steps regarding blocking or freezing of funds and reporting
to OFAC.

 

(e)          Without limiting the obligations of the parties as set forth herein, each of Subservicer and KRECM acknowledges that each
party retains responsibility to fulfill any and all compliance requirements and/or obligations that each party may have under the
Bank Secrecy Act, the USA PATRIOT Act, OFAC regulations, and other regulations implementing such Acts, as amended from time to
time, with regard to the subservicing under this Agreement.

 

(f)           The Subservicer will have implemented and will maintain a business continuity plan and shall provide KRECM with a copy of
the current Subservicer’s “Business Continuity Plan - Executive Summary and Plan Excerpt” (or similar document)
Excerpt upon KRECM’s written request. Should Subservicer’s business operations become disrupted or inoperative, Subservicer
shall put into effect the Business Continuity Plan. The business continuity plan shall include provisions for off-site backup of
critical data files, software, documentation, forms and supplies as well as alternative means of transmitting and processing information.
The business continuity plan will include the annual testing of

 

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EXECUTION VERSION

 

such plan, to recover and provide for the recovery of critical
services provided under this Agreement within twenty four (24) hours of Subservicer’s declaration of a disaster or business
interruption event. Such testing plans will be formulated by the Subservicer business continuity team annually based on risk, application
or function criticality and coverage, and shall be communicated to KRECM on a requested basis. Subservicer will provide to KRECM
(so that KRECM may provide to any regulatory agencies), upon written request, a written test summary report of the test results.
Subservicer will report to KRECM within a reasonable period of time after a disaster or business interruption event and related
implementation of Subservicer’s recovery plan, where such event may reasonably be expected to materially impact Subservicer’s
performance of its obligations under this Agreement.

 

(g)          The Subservicer warrants and covenant that is has implemented policies and procedures to protect personally identifiable
information. The policies and procedures established shall allow Subservicer to: (i) detect circumstances that indicate a risk
of identity theft in accounts related to KRECM; (ii) report circumstances of potential or actual identity theft of accounts related
to KRECM; (iii) take measures to contain and control an identity theft incident and prevent the circumstances from repeatedly occurring;
and (iv) work with KRECM to mitigate any damages that may have resulted from an identity theft incident. The Subservicer shall
notify KRECM within twenty-four (24) hours after the occurrence of any event described in sub-clauses (i)-(iv) above.

 

(h)          The Subservicer shall not (i) transmit personally identifiable information, including Customer Information via any wireless
technology, e-mail or the internet unless the connection is secure or the information is encrypted or (ii) store unencrypted personally
identifiable information, including Customer Information on any electronic device that is portable, and Subservicer will remove
all personally identifiable information, including Customer Information from a device before redeploying or disposing of that device.
Such electronic devices shall include, but not be limited to, a PDA, laptop or desktop computers. The Subservicer shall notify
KRECM within twenty-four (24) hours after the occurrence of any event described in sub-clauses (i) or (ii) above.

 

(i)          The Subservicer
shall maintain and store all Subservicing Files, any data tapes, records, electronic or imaged information and other similar information
or data related to the Mortgage Loans within the United States. Any services performed by the Subservicer, or any third party on
the Subservicers behalf, outside of the United States shall be performed on or using a computer, terminal, software, or program
commonly referred to as a “thin-client” or one that relies on a server or other computer maintained by Subservicer
within the United States.

 

(j)         Each party shall
comply with all federal and state laws, and rules and regulations of regulatory agencies, protecting the confidential information
and privacy rights of KRECM, its customers and consumers, including, without limitation, Title V of the federal Gramm-Leach-Bliley
Act and the federal Economic Espionage Act (18 U.S.C. Section 1831 et seq). The Subservicer will not directly or indirectly reuse
or redisclose to any affiliate, or any unaffiliated entity or person, any confidential information, including but not limited to,
any personally identifiable consumer information, provided by KRECM under this Agreement for any purpose other than to perform
the activities contemplated by this Agreement. The obligations of this Section relative to maintaining the confidentiality and
privacy of KRECM’s customers’ confidential information shall survive indefinitely the termination of this Agreement.

 

(k)         The Subservicer
may receive or otherwise have access to “customer information” (as defined in Appendix B to 12 CFR §30), in connection
with providing services to KRECM pursuant to the terms of the Agreement. The Subservicer shall implement and maintain an appropriate
security program for customer information designed to meet the following Objectives (as defined below) of the Interagency Guidelines
Establishing Standards for Safeguarding Customer Information pursuant to the authority of

 

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EXECUTION VERSION

 

Section 501(b) of the Gramm-Leach-Bliley
Act of 1999. “Objectives” means a program designed to (i) ensure the security and confidentiality of customer
information; (ii) protect against any anticipated threats or hazards to the security or integrity to customer information, and
(iii) protect against unauthorized access to or use of customer information that could result in substantial harm or inconvenience
to any “customer” (as defined in 12 CFR § 40.3 (h)). The Subservicer shall provide KRECM, upon request, a copy
of its data security program and any updates or amendments thereto.

 

ARTICLE IV.

SUBSERVICER’S COMPENSATION AND EXPENSES

 

Section 4.01.   
 Subservicing Compensation.

 

(a)          As compensation for its activities under this Agreement, for each calendar month, the Subservicer shall be entitled to withdraw
from the Servicing Fee Account the Base Legacy Servicing Compensation and the Base Future Servicing Compensation, as applicable
on the 2nd Business Day of the immediately succeeding calendar month (and if such day is not a Business Day, the next succeeding
Business Day). In the event that there are insufficient funds in the Servicing Fee Account to pay the Base Legacy Servicing Compensation
and Base Future Servicing Compensation, as applicable for any month, the Subservicer shall be entitled to withdraw the amount of
any deficiency from the Ancillary Fee Account provided there are excess funds in such account after payment of the Floor Component
Amount in any month. In the event funds in the Base Servicing Compensation Account and any remaining funds in the Ancillary Fee
Account are insufficient to pay the Base Legacy Servicing Compensation and Base Future Servicing Compensation, as applicable in
any month, the Subservicer shall send an invoice via email to KRECM’s portfolio manager for the balance of the Base Legacy
Servicing Compensation and Base Future Servicing Compensation, as applicable and KRECM shall pay such invoice within ten (10) Business
Days of receipt of such invoice by wire transfer of funds pursuant to the wire transfer instructions provided by Subservicer to
KRECM from time to time.

 

(b)          In addition to the compensation payable pursuant to Section 4.01(a), for each calendar month, the Subservicer shall
be entitled to withdraw from the Ancillary Fee Account, one-twelfth of the Floor Component Amount on the 2nd Business Day of the
immediately succeeding calendar month (or if such day is not a Business Day, the next succeeding Business Day). In the event there
are insufficient funds to pay the Floor Component Amount for any month, the Subservicer shall be entitled to withdraw the amount
of any deficiency from the Servicing Fee Account to the extent of any excess funds are remaining in such account after payment
of the Base Legacy Servicing Compensation and Base Future Servicing Compensation, as applicable. If the funds in the Ancillary
Fee Account and any remaining funds in the Servicing Fee Account are insufficient to pay the Floor Component Amount in any month,
the Subservicer shall send an invoice via email to KRECM portfolio manager for the balance to KRECM and KRECM shall pay such invoice
within ten (10) Business Days of receipt of such invoice by wire transfer of funds pursuant to the wire transfer instructions provided
by Subservicer to KRECM from time to time. The Subservicer shall be entitled to withdraw [__]% of Borrower Paid Fees that constitute
returned check charges for checks returned for insufficient funds at any time. The Subservicer shall be entitled to retain interest
or other investment earnings on the deposit amounts in the Accounts (but only to the extent of net investment earnings and to the
extent not required to be paid to the Borrower under applicable law or the related loan documents).

 

(c)          On the fifth (5th) Business Day of each calendar month, the Subservicer shall send to KRECM the remaining balance
of the Servicing Fee Account and Ancillary Fee Account after reconciliation of the Base Servicing Compensation and Floor Component
Amount, if any, by wire transfer pursuant to the wire transfer instructions provided by KRECM to Subservicer from time to time

 

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EXECUTION VERSION

 

along with a reconciliation in form and substance agreed to by KRECM and Subservicer showing the calculation of the Base Legacy
Servicing Compensation and Base Future Servicing Compensation, as applicable, and Floor Component Amount for the prior calendar
month.

 

Section 4.02.     Inflation Adjustment.

 

Beginning with the
Base Servicing Compensation and Floor Component Amounts payable in the month of April, 2013, and on an annual basis thereafter,
the Legacy Base Servicing Compensation, the Future Base Servicing Compensation and the Floor Component Fee shall increase by the
CPI Adjustment.

 

Section 4.03.     Annual True-up of Floor Component Amount.

 

By no later than January
31st of each calendar year, Subservicer shall calculate and deliver to KRECM a calculation (a “Calculation
Notice”) of any Ancillary True-Up Payments due and payable by KRECM pursuant to this Section 4.03. As of December
31 of each calendar year, if (x) the aggregate Floor Component Amount paid to Subservicer during such calendar year under all Sub-Servicing
Agreements is less than (y) [__]% of the aggregate Borrower Paid Fees actually collected, received and delivered by Subservicer
to KRECM during such calendar year under all Securitization Servicing Agreements (such difference, the “Annual True-up
Deficiency”), then KRECM shall, within fifteen (15) Business Days after receiving the Calculation Notice, pay to
Subservicer an amount equal to such Annual True-up Deficiency. Calculations in accordance with the preceding sentence shall be
prorated during the first year of this Agreement. Subservicer’s calculation of the Annual True-up Deficiency shall be subject
to KRECM’s review and written approval (which shall not be unreasonably withheld, conditioned, or delayed), which approval
shall be deemed granted if not denied within ten (10) Business Days of its receipt of the Subservicer’s calculation.

 

ARTICLE V.

KRECM AND THE SUBSERVICER

 

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

 

(a)          The Subservicer may be merged or consolidated with or into any Person if the merger or consolidation does not results in
a Change of Control of the Subservicer and no further consents or documentation shall be required by the Subservicer. Without the
prior written consent of the KRECM, which consent may be withheld or conditioned (but shall not be unreasonably delayed) in KRECM’s
sole and absolute discretion, the Subservicer shall not (i) assign this Agreement for any reason or the servicing under this Agreement
or delegate its rights or duties under this Agreement, or any portion thereof, (ii) transfer all or substantially all of its assets
to any Person, or (iii) be merged or consolidated with or into any Person if the merger or consolidation results in a Change of
Control of the Subservicer. For the purposes of this Section 5.01, “Change of Control” means a merger or consolidation
in which Subservicer is a constituent entity, the result of which is that Berkshire Hathaway Inc. and/or Leucadia National Corporation
ultimately no longer directly or indirectly own greater than 50% of the voting and other equity interests of Subservicer or no
longer has the right to control the day-to-day management, or appoint the manager, of Subservicer. In connection with any assignment,
merger or consolidation to which KRECM consents, the assignee, the Person into which the Subservicer is merged or consolidated,
or the entity resulting from the merger or consolidation, as applicable, shall be the successor of the Subservicer under this Agreement
and shall be deemed to have assumed all of the liabilities of the Subservicer under this Agreement. In addition, in connection
with any proposed transaction under this Section 5.01(a) to which KRECM is willing to provide its consent, KRECM may condition
its consent on: (i) KRECM’s receipt of written confirmation that such assignee, successor or surviving Person is

 

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EXECUTION VERSION

 

rated by
at least one rating agency; (ii) KRECM’s receipt of an agreement executed by such assignee, successor or surviving Person
pursuant to which, among other things, it makes the applicable representations and warranties set forth in Section 5.03
and assumes the due and punctual performance and observance of each covenant and condition to be performed and observed by the
Subservicer under this Agreement from and after the date of such agreement; (iii) KRECM’s receipt of all information and
reports (in writing and in form and substance reasonably satisfactory to KRECM, the Trustee and the Depositor) deemed necessary
in order to comply with the reporting obligations under the PSAs; and (iv) the satisfaction of all other requirements pursuant
to the PSAs.

 

(b)          The Subservicer shall not resign from this Agreement unless the Subservicer has requested KRECM’s consent to a merger,
consolidation, or assignment pursuant to Section 5.01(a) and KRECM is not willing to consent to the proposed transaction.

 

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

 

Section 5.02.       
Liability and Indemnification of the Subservicer and KRECM.

 

(a)          Neither the Subservicer nor any of its directors, officers, agents or employees (the “Subservicer Parties”)
shall (subject to Section 6.01(a)) be under any liability to KRECM for any action taken, or for refraining from the taking
of any action, in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this
provision shall not protect the Subservicer or any such Person against any breach of a representation or warranty made in this
Agreement, or against any expense or liability specifically required to be borne thereby without right of reimbursement pursuant
to the terms of this Agreement or imposed on the Subservicer pursuant to Section 2.01 for a breach of the Accepted Subservicing
Practices, or against any liability which would otherwise be imposed by Section 5.02(c), including by reason of misfeasance,
bad faith, fraud, negligence or willful violation of applicable law in the performance of its obligations or duties under this
Agreement or by reason of the negligent disregard of its obligations or duties under this Agreement. The Subservicer and any director,
officer, agent or employee of the Subservicer may rely in good faith on any document of any kind that, prima facie,
is properly executed and submitted by any appropriate Person respecting any matters arising under this Agreement.

 

(b)          KRECM shall indemnify and hold harmless the Subservicer Parties from and against any loss, liability, cost or expense (including
reasonable legal fees and expenses) incurred in connection with any legal action or claim incurred (i) related to any servicing
of any Mortgage Loan by any Person other than the Subservicer prior to the Effective Date of this Agreement, (ii) by reason of
KRECM’s (A) willful misfeasance, bad faith or negligence in the performance of any of its obligations or duties under this
Agreement, (B) material breach of any of its covenants, obligations or duties under this Agreement, (C) willful violation of applicable
law in the performance of any of its obligations or duties under this Agreement, or (D) breach of a representation or warranty
made by KRECM in this Agreement, or (iii) by reason of the taking, or the refraining from the taking, of any action, by the Subservicer,
pursuant to the express written direction of KRECM (knowledge or approval by KRECM not being “direction” for this purpose).
Subservicer shall not have any direct rights of indemnification that may be satisfied out of assets of the related Trust Fund.
KRECM agrees to use reasonable efforts to pursue the Trust for

 

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EXECUTION VERSION

 

indemnification against any loss, liability or expense incurred
by the Subservicer in connection with the performance of the Subservicer’s duties and obligations under this Agreement as
to which the PSA grants to KRECM’s agents a right to indemnification from the Trust Fund.

 

(c)          The Subservicer shall cooperate with KRECM and its agents in connection with any effort by KRECM to pursue the Trust for
indemnification at any time, including by providing copies or originals from any applicable Subservicing Files and making employees
and agents with knowledge related to the applicable matter available to KRECM, including by providing affidavits and testimony
in connection with any litigation or similar proceeding. To the extent allowed by the related PSA, KRECM agrees to use reasonable
efforts to pursue the Trust for any indemnification costs due to the Subservicer. KRECM shall cooperate with the Subservicer and
its agents in connection with any effort by Subservicer to pursue the Trust for indemnification (if and only to the extent permitted
to pursue the Trust pursuant to the related PSA) at any time. KRECM shall also assist Subservicer with respect to any indemnification
at any time, including by providing copies or originals from any applicable KRECM Files and making employees and agents with knowledge
related to the applicable matter available to Subservicer, including by providing affidavits and testimony in connection with any
litigation or similar proceeding.

 

(d)          The Subservicer shall indemnify and hold harmless KRECM and any directors, officers, agents or employees of KRECM (the “KRECM
Parties”) from and against any loss, damage, liability, penalty, fine, forfeiture, cost or expense (including reasonable
legal fees and expenses) incurred in connection with any claim or legal action incurred by reason of the Subservicer’s (i)
breach of any representation or warranty made by it in this Agreement, (ii) breach of its obligations under Section 3.06,
(iii) certification required under Section 3.06 containing any material inaccuracy, (iv) willful misconduct, misfeasance,
bad faith, or negligence in the performance of any of its obligations or duties under this Agreement, (v) material breach of any
of its covenants, obligations or duties under this Agreement, (vi) willful violation of applicable law in the performance of any
of its obligations or duties under this Agreement; provided that the Subservicer shall not be required to indemnify or hold
harmless KRECM for taking any action or refraining from taking any action at the express direction of KRECM or with the specific
consent of KRECM, or (vii) breach of Accepted Subservicing Practices.

 

(e)          As promptly as reasonably practicable after receipt by any Subservicer Party or KRECM Party, as applicable, seeking indemnification
under this Agreement (each an “Indemnified Party”), of notice of the commencement of any action, such
Indemnified Party will notify KRECM or the Subservicer, as applicable (the “Indemnifying Party”), in
writing of the commencement thereof; but the omission to so notify the Indemnifying Party will not relieve the Indemnifying Party
from any liability that it may have to any Indemnified Party under this Section 5.02, except to the extent that such omission
has prejudiced the Indemnifying Party in any material respect, or from any other liability the Indemnifying Party may otherwise
have under this Agreement. In case any such action is brought against any Indemnified Party and it notifies the Indemnifying Party
of the commencement thereof, the Indemnifying Party will be entitled to participate therein, and to the extent that it may elect
by written notice delivered to the Indemnified Party promptly after receiving the aforesaid notice from such Indemnified Party,
to assume the defense thereof, with counsel selected by the Indemnifying Party and reasonably satisfactory to such Indemnified
Party; provided, however, if the defendants in any such action include both the Indemnified Party and the Indemnifying
Party, and the Indemnified Party shall have reasonably concluded that there may be legal defenses available to it or them or other
Indemnified Parties that are different from or additional to those available to the Indemnifying Party, the Indemnified Party shall
have the right to select separate counsel reasonably satisfactory to the Indemnifying Party to assert such legal defenses and to
otherwise participate in the defense of such action on behalf of such Indemnified Party.

 

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EXECUTION VERSION

 

Upon receipt of notice
from the Indemnifying Party to such Indemnified Party of its election to so assume the defense of such action and approval of counsel
by the Indemnified Party (which approval may not be unreasonably withheld, conditioned or delayed), the Indemnifying Party will
not be liable for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof,
unless (i) the Indemnified Party shall have employed separate counsel reasonably satisfactory to the Indemnifying Party in connection
with the assertion of legal defenses in accordance with the proviso to the preceding sentence (it being understood, however, that
the Indemnifying Party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) representing
all the Indemnified Parties under this Section 5.02 who are parties to such action), (ii) the Indemnifying Party shall not
have employed counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified Party within a reasonable time
after notice of commencement of the action, or (iii) the Indemnifying Party has authorized the employment of counsel for the Indemnified
Party reasonably acceptable to the Indemnifying Party and at the expense of the Indemnifying Party; and except that, if clause
(i) or (iii) is applicable, such liability shall only be in respect of the counsel referred to in such clause (i) or (iii).

 

The Indemnifying Party
shall not be liable for any settlement of any proceeding effected without its written consent (which consent may not be unreasonably
withheld, conditioned or delayed) but, if settled with such consent or if there is a final judgment for the plaintiff, the Indemnifying
Party shall indemnify the Indemnified Party from and against any loss or liability by reason of such settlement or judgment to
the extent required by this Section 5.02. Notwithstanding the foregoing sentence, if at any time an Indemnified Party shall
have requested the Indemnifying Party, in writing, to reimburse the Indemnified Party for reasonable fees and expenses of counsel
incurred in good faith or any other reasonable expenses incurred in good faith for which the Indemnifying Party is obligated hereunder,
the Indemnifying Party shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement
is entered into more than sixty (60) days after receipt by the Indemnifying Party of the aforesaid request, (ii) the Indemnifying
Party shall not have reimbursed the Indemnified Party in accordance with such request prior to the date of such settlement, and
(iii) such settlement or compromise or consent does not include an express statement as to, or an express admission of, fault,
culpability, negligence or a failure to act by or on behalf of the Indemnifying Party or an agent thereof. If the Indemnifying
Party assumes the defense of any proceeding, it shall be entitled to settle such proceeding (x) with the consent of the Indemnified
Party or (y) if such settlement provides for an unconditional release of the Indemnified Party in connection with all matters relating
to the proceeding that have been asserted against the Indemnified Party in such proceeding by the other parties to such settlement,
which release does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Party, without the consent of the Indemnified Party.

 

(f)           This Section 5.02 shall survive the termination of this Agreement and the termination or resignation of KRECM or
the Subservicer.

 

Section 5.03.         Representations and Warranties.

 

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

 

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

 

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

 

(iii)        The Subservicer has the full power, authority and legal right to execute and deliver, and to perform all obligations and
consummate all transactions involving the Subservicer contemplated by, this Agreement, and has duly and validly authorized the
execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

(iv)        This Agreement, assuming due authorization, execution and delivery by KRECM, constitutes a legal, valid and binding obligation
of the Subservicer, enforceable against it in accordance with its terms, except as such enforcement may be limited by (A) bankruptcy,
insolvency, reorganization, liquidation, receivership, moratorium or other laws relating to or affecting creditors’ rights
generally, or (B) general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity
or at law;

 

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

 

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

 

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

 

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(viii)      Each officer, employee and agent of the Subservicer that has responsibilities concerning the servicing and administration
of Mortgage Loans is covered by errors and omissions insurance and a fidelity bond in the amounts and with the coverage required
by each PSA;

 

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

 

(viii)      The Subservicer is not an Affiliate of the related Trustee.

 

(b)          KRECM hereby represents and warrants to the Subservicer that, as of the date of this Agreement:

 

(i)          KRECM is a corporation, duly organized, validly existing and in good standing under the laws of Ohio, and KRECM is in compliance
with the laws of each State in which any Mortgaged Property is located to the extent necessary to perform its obligations under
this Agreement, except where the failure to so qualify or comply would not have a material adverse effect on the ability of KRECM
to perform its obligations hereunder;

 

(ii)         The execution and delivery of this Agreement by KRECM, and the performance and compliance with the terms of this Agreement
by KRECM, will not (A) violate KRECM’s certificate of incorporation and by laws or (B) constitute a default (or an event
which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement
or other instrument to which it is a party or by which it is bound, or (C) result in the violation of any law, rule, regulation,
order, judgment or decree binding on KRECM which, in any case, is likely to materially and adversely affect KRECM’s ability
to perform hereunder;

 

(iii)        This Agreement, assuming due authorization, execution and delivery by the Subservicer, constitutes a valid, legal and binding
obligation of KRECM, enforceable against KRECM in accordance with the terms hereof, except as such enforcement may be limited by
(A) applicable bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium and other laws relating to or affecting
creditors’ rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in
a proceeding in equity or at law;

 

(iv)        KRECM is not in violation with respect to any law, any order or decree of any court, or any order, regulation or demand
of any federal, state, municipal or governmental agency, which violations are reasonably likely to have consequences that would
materially and adversely affect either the financial condition or operations of KRECM or its properties taken as a whole or its
ability to perform its duties and obligations hereunder;

 

(v)         No litigation is pending or, to the best of KRECM’s knowledge, threatened against KRECM which, if determined adversely
to KRECM, would prohibit KRECM from entering into this Agreement or, in KRECM’s good faith and reasonable judgment, is likely
to materially and adversely affect the ability of KRECM to perform its obligations under this Agreement;

 

(vi)        KRECM has full corporate power and authority to enter into and perform in accordance with this Agreement, has duly authorized
the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement; and

 

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(vii)       The information provided by KRECM in the Officer’s Certificate attached hereto as Exhibit J is true
and correct in all material respects as of the date provided.

 

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

 

(d)          The representations and warranties of the Subservicer and KRECM set forth in the provisions in this Section 5.03
shall survive the execution and delivery of this Agreement and shall inure to the benefit of the Persons for whose benefit they
were made for so long as the Trust remains in existence.

 

ARTICLE VI.

EVENTS OF DEFAULT; TERMINATION

 

Section 6.01.      
Events of Default.

 

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

 

(i)          any act, omission, or failure to act by the Subservicer that results in a written notice of an Event of Default, or a written
notice of a default that after the expiration of an applicable notice or cure period will become an Event of Default, under the
related PSA being delivered to KRECM or to the Subservicer by a party to such PSA and,

 

(A)         in the
case of a default for which the master servicer has a cure period under the applicable PSA that is at least ten (10) days long,
the Subservicer fails to cure such default within a time period that is five (5) days less than the cure period provided to the
master servicer in the applicable PSA and after receiving written notice of the default from KRECM at least two (2) Business Days
prior to the expiration of the cure period provided to the Subservicer hereunder; or

 

(B)         in the
case of a default for which the master servicer has a cure period under the applicable PSA that is less than ten (10) days long,
the Subservicer fails to cure such default within a time period that is one (1) Business Day less than the cure period provided
to the master servicer in the applicable PSA and after receiving prompt notice of the default from KRECM prior to the expiration
of the cure period provided to the Subservicer hereunder; or

 

(ii)         any act, omission, or failure to act by the Subservicer that constitutes, causes, or results in an Event of Default of KRECM
under any PSA, which Event of Default is not cured within the time period for cure set forth in the applicable PSA and which provides
any party to the PSA with the right to terminate KRECM or cause KRECM to be terminated as the master servicer under the applicable
PSA; or

 

(iii)       any
act, omission, or failure to act by the Subservicer that causes KRECM to be terminated or results in KRECM being terminated as
the master servicer under the applicable PSA; or

 

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

 

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

 

(vi)       except as otherwise permitted pursuant to this Agreement, the Subservicer’s (A) assignment of this Agreement, (B)
assignment or delegation of all or any portion of its servicing duties or obligations under this Agreement, or (C) assignment of
all or any portion of its rights to servicing compensation under this Agreement, which assignment would have a material adverse
effect on the performance by Subservicer of its duties pursuant to this Agreement; or

 

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

 

(viii)    except
for the events listed in Sections 6.01(a) (ii), (iii), or (vi), any failure on the part of the Subservicer to observe or
perform in any material respect any other of the covenants or agreements on the part of the Subservicer contained in this Agreement,
which failure continues unremedied for a period of twenty-five (25) days (or ten (10) days in the case of a failure to pay the
premium for any insurance policy required to be maintained) after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Subservicer; provided, however, that, with respect to any such
failure (other than a failure to pay insurance policy premiums) that is not curable within such twenty-five (25) day period, the
Subservicer shall have an additional cure period of thirty (30) days to effect such cure so long as the Subservicer has commenced
to cure such failure within the initial twenty-five (25) day period and has provided KRECM with an Officer’s Certificate
certifying that it has diligently pursued, and is continuing to pursue, a full cure and such delay does not materially or adversely
affect KRECM or the Certificateholders

 

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

 

(x)        a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshalling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Subservicer and such decree
or order shall have remained in force undischarged, undismissed or unstayed for a period of fifty (50) days; or

 

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EXECUTION
VERSION

 

(xi)       the
Subservicer shall consent to the appointment of a conservator, receiver, liquidator, trustee or similar official in any bankruptcy,
insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to it or of or relating
to all or substantially all of its property; or

 

(xii)      the
Subservicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage
of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit of its creditors, voluntarily
suspend payment of its obligations, take any corporate action in furtherance of the foregoing, or take any other actions indicating
its insolvency or inability to pay its obligations; or

 

(xiii)     KRECM
receives notice that if the Subservicer continues to act in such capacity, the rating or ratings on one or more classes of Certificates
will be downgraded or withdrawn, and the related rating agency is citing servicing concerns relating to the Subservicer as the
sole or material factor in such action; or

 

(xiv)     failure
by the Subservicer to maintain the ratings required of a subservicer under the related PSA; or

 

(xv)      a
rating agency has (i) qualified, downgraded or withdrawn its rating or ratings of one or more classes of Certificates, or (ii)
placed one or more classes of Certificates on “watch status” in contemplation of rating downgrade or withdrawal and,
in the case of either of clauses (i) or (ii), citing servicing concerns with the Subservicer as a material factor in such rating
action (and such qualification, downgrade, withdrawal or “watch status” placement has not been withdrawn by such rating
agency within twenty (20) days of such event).

 

(b)         Upon any Subservicer Event of Default, KRECM (or the Depositor, if expressly stated in the applicable PSA) may, by notice
in writing to the Subservicer, in addition to whatever rights KRECM may have at law or in equity, including injunctive relief and
specific performance, may immediately terminate all of the rights and obligations of the Subservicer under the related PSA and
in and to the related Mortgage Loans and the proceeds thereof, without KRECM (or the Depositor, if applicable) incurring any penalty
or fee of any kind whatsoever in connection therewith. All accrued and unpaid Subservicing Fees as of the date of termination shall
be paid to the Subservicer and the Subservicer Parties shall continue to be entitled to the benefits of Section 5.02 of
this Agreement notwithstanding any such termination (provided, however, that nothing herein shall constitute or be
deemed to constitute a waiver of any rights of offset or other remedies, claims, or defenses KRECM may have to withhold any payments
to be made to the Subservicer hereunder).

 

(c)         
[Intentionally Omitted].

 

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

 

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EXECUTION VERSION

 

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

 

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

 

Section 6.02.       Termination
of Agreement.

 

(a)         This Agreement shall be terminated:

 

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

 

(ii)          with respect only to the applicable Mortgage Loans serviced pursuant to the applicable PSA, if KRECM’s responsibilities
and duties as master servicer under the related PSA have been assumed by the Trustee, its designee or any other successor to KRECM,
and the Trustee, its designee or any other successor to KRECM has elected to terminate this Agreement; or

 

(iii)         with respect only to the applicable Mortgage Loans serviced pursuant to the applicable PSA, pursuant to Section 6.01,
if KRECM (or the Depositor, if applicable) elects to terminate the Subservicer following a Subservicer Event of Default; or

 

(iv)    
    if required by the applicable PSA, with respect to any Mortgage Loan, upon such Mortgage Loan
becoming a Specially Serviced Loan or REO Loan pursuant to the PSA; or

 

(v)      
   pursuant to any other agreement between KRECM and the Subservicer in accordance with any provision
therein that expressly provides for the termination of this Agreement.

 

(b)         If KRECM’s responsibilities and duties as master servicer under the applicable PSA have been assumed by the Trustee,
and in connection therewith the Trustee has not requested the termination of this Agreement as permissible in the applicable PSA,
the Trustee may, without act or deed on the part of the Trustee, succeed to all of the rights and, except to the extent they arose
prior to the date of such succession, obligations of KRECM under this Agreement as provided in applicable PSA, and the Subservicer
shall be bound to the Trustee under all of the terms, covenants and conditions of this Agreement with the same force and effect
as if the Trustee was originally KRECM under this Agreement; and the Subservicer does hereby attorn to the Trustee, as KRECM under
this Agreement, said attornment to be effective and self-operative without the execution of any further instruments on the part
of any of the parties hereto immediately upon the Trustee succeeding to the interest of KRECM under this Agreement. The Subservicer
agrees, however, upon written demand by the Trustee to promptly execute and deliver to the Trustee an instrument in confirmation
of the foregoing provisions, satisfactory to the Trustee, in which the Subservicer shall acknowledge such attornment and shall
confirm to the Trustee its agreement to the terms and conditions of this Agreement. References to the Trustee under this Section
6.02 shall include any designee of the Trustee or any successor master servicer under the applicable PSA.

 

(c)         In connection with any termination under Section 6.02, the Subservicer shall: (i) within five (5) Business Days after
the Subservicer’s receipt of the notice of termination, remit all funds in the related Accounts to KRECM or such other Person
designated by KRECM, net of accrued Subservicing

 

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EXECUTION VERSION

 

Fees and Additional Subservicing Compensation through the termination date that
are due and payable to the Subservicer (provided, however, that nothing herein shall constitute or be deemed to constitute
a waiver of any rights of offset or other remedies, claims, or defenses KRECM may have to withhold any payments to be made to the
Subservicer hereunder); (ii) promptly (and in no event later than ten (10) Business Days after the Subservicer’s receipt
of the notice of termination) deliver all related Subservicing Files to KRECM or its designee; and (iii) fully cooperate with KRECM
to effectuate an orderly transition of the servicing of the related Mortgage Loans. All rights of the Subservicer relating to the
payment of its Subservicing Fees and Additional Subservicing Compensation and all liabilities of the Subservicer, which in any
such case accrued under the terms of this Agreement on or before the date of such termination, shall continue in full force and
effect until payment or other satisfaction in accordance with this Agreement, and nothing herein shall constitute or be deemed
to constitute a waiver of any rights of offset or other remedies, claims, or defenses KRECM may have to withhold any payments to
be made to the Subservicer hereunder.

 

(d)         In addition
to Section 6.02(a), with respect to certain PSAs where Freddie Mac is the guarantor, Freddie Mac may have the right under
the related PSA to (i) direct KRECM to terminate this Agreement with respect to the applicable Mortgage Loans if Freddie Mac determines
(in accordance with the provisions of the Guide) that the Subservicer should not subservice the applicable Mortgage Loans, (ii)
direct KRECM to terminate this Agreement if a Ratings Trigger Event occurs with respect to the Subservicer, and (iii) direct KRECM
to terminate this Agreement if the Subservicer becomes an Affiliate of the related Trustee. Any termination in connection with
clause (i), (ii) or (iii) shall be at the expense of Freddie Mac. If the Subservicer is terminated pursuant to clause
(i), (ii) or (iii), then for sixty (60) days after such termination, the Subservicer shall have the right to sell its subservicing
to either KRECM or another subservicer acceptable to Freddie Mac.

 

ARTICLE VII.

MISCELLANEOUS PROVISIONS

 

Section 7.01.      
Amendment; Amendment to any PSA.

 

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

 

(b)         Notwithstanding Section 7.01(a), in the event KRECM is no longer the master servicer with respect to any Legacy CMBS
transactions or Future CMBS transactions, Exhibit A to this Agreement shall be amended to reflect the same and in
connection with any transfer of its master servicing rights KRECM shall use commercially reasonable efforts to cause any successor
master servicer to execute a subservicing agreement substantially similar to this Agreement, which will not materially alter the
obligations, rights and remedies, nor the Subservicer’s compensation, as set forth in this Agreement.

 

Section 7.02.      
Governing Law.

 

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EXECUTION VERSION

 

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

 

Section 7.03.      
Notices.

 

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

 

(i)           if to the Subservicer, at:

 

Berkadia Commercial Mortgage LLC 

118 Welsh Road 

Horsham, Pennsylvania 19044 

Attn: Mark E. McCool 

Fax: 215-328-3478

 

With a copy to:

 

Berkadia Commercial Mortgage LLC

118 Welsh Road 

Horsham Pennsylvania 19044 

Attn: General Counsel 

Fax: 215-682-0766

 

(ii)          if to KRECM, at:

 

KeyCorp Real
Estate Capital Markets, Inc. 

11501 Outlook
Street, Suite 300 

Overland Park,
Kansas 66211 

Attn: Bryan
Nitcher 

Fax: 877-379-1625

 

with a copy
to:

 

KeyBank National
Association 

127 Public
Square 

Cleveland,
Ohio 44114 

Attn: Robert
C. Bowes, Esq. 

Fax: 216-689-5681

 

and with a
copy to:

 

Polsinelli
Shughart PC 

700 West 47th
Street, Suite 1000 

Kansas City,
Missouri 64112 

Attn: Kraig
Kohring 

Fax: 816-753-1536 

 

Notwithstanding the
foregoing, solely with respect to any Event of Default set forth in Section 6.01(a)(i)(B), because of the very short time
periods involved notice provided by a telephone call from KRECM to the Subservicer’s Responsible Officer or Mark McCool shall
be sufficient notice.

 

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EXECUTION VERSION

 

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

 

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

 

Section 7.04.      
Consistency with PSAs; Severability of Provisions.

 

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

 

Section 7.05.      
Inspection and Audit Rights.

 

Any inspection or audit
request by KRECM shall not materially increase the obligations or materially impact the cost of servicing by the Subservicer.

 

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

 

(b)       
To the extent required under applicable law and after reasonable prior written notice to Subservicer (to the extent practicable
under the circumstances and to the extent KRECM is legally permitted to provide such notice), Subservicer agrees to allow a Qualified
Auditor or KRECM to conduct an audit of Subservicer’s facilities and books related to Subservicer’s OFAC Program and/or
AML/BSA Services, and limited to KRECM’s business and the services provided by Subservicer under this Agreement. Any such
audit, by a Qualified Auditor, shall be conducted in a manner that does not compromise the privacy or security of data relating
to other Subservicer clients or systems not related to the Servicing provided to KRECM by Subservicer and with a minimum disruption
to Subservicer’s operations. All Qualified Auditors shall comply with all reasonable confidentiality, non-solicitation and

 

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EXECUTION VERSION

 

security requirements
that Subservicer may reasonably impose, but any such Qualified Auditor may nonetheless request and examine (but not copy) any
books or records which KRECM itself could request and/or examine under this Agreement. Before scheduling such audit, KRECM agrees
to first utilize any third-party assessments, reports and materials, such as the Subservicer’s most current annual SSAE
16 engagement report, which will be made available to KRECM annually or upon written request by KRECM; however, KRECM’s
review of these materials will not take the place of its audit rights under this Section.

 

(c)         In connection with any examination or audit performed pursuant to Section 7.05(a) or (b), Subservicer shall reasonably
cooperate with KRECM to fix, mitigate or otherwise address any problems, findings, or concerns raised in any such examination or
audit.

 

(d)         Subservicer shall permit KRECM to audit Subservicer’s compliance with the privacy provisions in Section 3.06(g)
and (h) of this Agreement at any time during Subservicer’s regular business hours at KRECM’s expense and with thirty
(30) days advance written notice to Subservicer, unless a shorter time period is necessary due to a Security Breach and where the
audit is pursuant to OCC compliance or other regulatory or governmental order or for the privacy provisions in Section 3.06(g)
and (h) of this Agreement.

 

Section 7.06.      
Binding Effect; No Partnership; Counterparts.

 

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

 

Section 7.07.      
Protection of Confidential Information.

 

The Subservicer shall
keep confidential and shall not divulge to any party, without KRECM’s prior written consent (which shall not be unreasonably
withheld or delayed), any information pertaining to the Mortgage Loans, the Mortgaged Properties or the Borrowers except to the
extent that the Subservicer provides prior written notice to KRECM and (a) it is appropriate for the Subservicer to do so (i) in
working with its legal counsel, auditors, other advisors or taxing authorities or other governmental agencies, (ii) in accordance
with Accepted Subservicing Practices, or (iii) when required by any law, regulation, ordinance, court order or subpoena, or (b)
the Subservicer is disseminating general statistical information relating to the mortgage loans being serviced by the Subservicer
(including the Mortgage Loans) so long as the Subservicer does not identify the owner of the Mortgage Loans or the Borrowers.

 

Section 7.08.      
Construction.

 

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EXECUTION VERSION

 

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

 

Section 7.09.      
Sole and Absolute Discretion of KRECM.

 

Whenever pursuant to
this Agreement (a) KRECM exercises any right given to it to approve or disapprove, (b) any arrangement or term is to be satisfactory
to KRECM, or (c) any other decision or determination is to be made by KRECM, the decision of KRECM to approve or disapprove, all
decisions that arrangements or terms are satisfactory or not satisfactory and all other decisions and determinations made by KRECM,
shall be in the sole and absolute discretion of KRECM and shall be final and conclusive, except as may be otherwise expressly and
specifically provided in this Agreement. Whenever pursuant to this Agreement KRECM may not unreasonably withhold, condition or
delay its consent, approval or other right, the Subservicer shall have the burden of proving that KRECM has unreasonably withheld,
delayed or conditioned such consent, approval or other right.

 

Section 7.10.      
Exchange Act Rule 17g-5 Procedures.

 

(a)         Notwithstanding any provision herein to the contrary but subject to Section 7.10(c) of this Agreement and except
as required by law, the Subservicer shall not provide any information directly to, or communicate with, either orally or in writing,
any Rating Agency or any NRSRO regarding the Certificates or the Mortgage Loans relevant to such Rating Agency’s or such
NRSRO’s surveillance of the Certificates or Mortgage Loans, including, but not limited to, providing responses to inquiries
from a Rating Agency or a NRSRO regarding the Certificates or the Mortgage Loans relevant to such Rating Agency’s or such
NRSRO’s surveillance of the Certificates and requests for Rating Agency Confirmation with respect to any PSA subject to the
provisions of Exchange Act Rule 17g-5. All such information will be provided by, and all such communications, responses and requests
will be made by, KRECM in accordance with the procedures required by the applicable PSA. To the extent that KRECM is required to
provide any information to, or communicate with, a Rating Agency or a NRSRO in accordance with its obligations under the applicable
PSA and such information or communication is regarding the Mortgage Loans or the subservicing by the Subservicer under this Agreement
and is in the possession of (or can be reasonably obtained by) the Subservicer, the Subservicer shall provide the information to
KRECM necessary for KRECM to fulfill such obligations. The Subservicer shall have no liability with regard to KRECM’s failure
to provide to the Depositor or any other party (including any Rating Agency) any information that the Subservicer timely delivered
to KRECM in accordance with this Agreement.

 

(b)         With respect to any PSA subject to the provisions of Exchange Act Rule 17g-5, the Subservicer hereby expressly agrees to
indemnify and hold harmless KRECM and its respective officers, directors, shareholders, members, managers, employees, agents, Affiliates
and controlling persons, and the Trust Fund (each, an “Indemnified Party”), from and against any and all losses, liabilities,
damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses),
joint or several, to which any such Indemnified Party may become subject, under the Act, the Exchange Act or otherwise, pursuant
to a third-party claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures
or other expenses (including

 

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EXECUTION VERSION

 

reasonable legal fees and expenses) arise out of or are based upon the Subservicer’s breach
of this Section 7.10, including, without limitation, to the extent caused by any breach referred to in this Section 7.10(b)
by the Subservicer, a determination by a Rating Agency that it cannot reasonably rely on representations made by the Depositor
or any Affiliate thereof pursuant to Exchange Act Rule 17g-5(a)(3), and will reimburse such Indemnified Party for any legal or
other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim,
as such expenses are incurred.

 

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

 

[Remainder of Page Intentionally
Blank; Signature Page Follows]

 

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EXECUTION VERSION

 

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

 

	 	SUBSERVICER:
	 	 	 
	 	
        BERKADIA COMMERCIAL MORTGAGE LLC,

        a Delaware limited liability company 

	 	 	 
	 	By:	/s/ Mark E. McCool
	 	Name:  Mark E. McCool
	 	Title:  Executive Vice President
	 	 	 
	 	KRECM:
	 	 	 
	 	
        KEYCORP REAL ESTATE CAPITAL MARKETS, INC., 

        an Ohio corporation

	 	 	 
	 	By:	/s/ Bryan S. Nitcher
	 	Name:  Bryan S. Nitcher
	 	Title:
    Senior Vice President

  

    Amended & Restated Master Subservicing Agreement

KRECM & Berkadia
 

    	 

    

 

EXECUTION VERSION

 

EXHIBIT A

 

CMBS TRANSACTION

 

	Securitization	Pooling and Servicing Agreement
	CGCMT 2016-GC36	Pooling and Servicing Agreement dated February 1, 2016

 

    Amended & Restated Master Subservicing Agreement

 A-1

    	 

    

  

EXECUTION VERSION

 

EXHIBIT
B

 

REMITTANCE REPORT

 

	 Subservicer
    Name:	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	  
	 Securitization
    Name:	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	  
	 Scheduled
    Remittance Report	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	  
	 Date:	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	  
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	  
	Master
    
Servicer 
Loan #	 	Subservicer
    
Loan 
Number	 	Beginning
    
Principal 
Balance	 	P
    & I Due	 	Principal
    Due	 	Principal
    Received	 	Interest
    Due	 	Interest
    Received	 	 Unscheduled

        Principal

        Collections
	 	 Ending
    Balance 	 Scheduled 
    P & I	Less:
     Delinquent 
Amount	Less:
     Servicing  Fee	 Net
    Pass 
Thru	Late
    Charges	 Default
 Interest 
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	-   	 
    	 
    	 
    	-   	 
    	 
    
	  	 	  	 	 
    	 	 
    	 	  	 	  	 	  	 	  	 	  	 	-   	 
    	 
    	 
    	-   	 
    	 
    
	Total
    all Loans:	 	 	-   	 	-   	 	-   	 	-   	 	-   	 	-   	 	-   	 	-   	-   	-   	-   	-   	-   	-   
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	 	  
	 Scheduled
    P&I	 	  	 	  	 	  	 	-   	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	 	   
	 Service
    Fee	 	  	 	  	 	  	 	-   	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	 	  
	Net
    P&I scheduled to Master Servicer	 	  	 	$0.00	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	 	  
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	 	  
	Actual
    Net P&I sent to Master Servicer	 	  	 	-   	 	  	 	  	 	  	 	  	  	  	  	  	  	  	  	 	   
	 DIFFERENCE

 

    Amended & Restated Master Subservicing Agreement

 B-1

    	 

    

  

EXHIBIT C 

 

INSPECTION REPORT

 

(See Attached)

 

    Amended & Restated Master Subservicing Agreement

 C-1

    	 

    

  

EXHIBIT D

 

TAX, INSURANCE, UCC,
AND LETTER OF CREDIT CERTIFICATION

 

    Amended & Restated Master Subservicing Agreement

 D-1

    	 

    

 

KEYCORP
REAL ESTATE CAPITAL MARKETS

 

QUARTERLY
SERVICING CERTIFICATION 

 

RE:
Deals: NL 1999-1, FULBBA 1998-C2, GFT 1998-1, DMARC 1998-C1, COMM 1999-1, DLJ 1997-CF2, DLJ 1998-CF1, DLJ 1998-CF2, CHASE 1998-1,
ASC 1997-D5, BS 1998-C1, BS 1999-C1, JPM 2000-C9, MCFI 1998-MC2, SBMS 2000-C2, BACM 2000-2, LBUBS 2000-C4, CSFB 1998-C1, KEY 2007-SL1,
MLFT 2006-1, CSMC 2006-TFL2, CSMC 2007-TFL1, UBS 2012-C1, CGCMT 2007-FL3, GECMC 2007-C1, CSMC 2007-TFL2, Lehman LLF 2007-C5, LBCMT
2007-C3, CSMC 2007-C4, GS 2012-GC6, BACM 2008-1, JPMCC 2005-LDP4, MLMT 2005-CKI1, CSFBMSC 2005-C6, MLCFC 2006-2, CSMC 2006-C5,
MLCFC 2007-5, CSMC 2007-C2, CSMC 2007-C3, COMM 2007-C9, JPM 2011-C5, UBS-CCMT 2011-C1, JPM 2010-CNTR, WMCMT 2003-C1, WMCMT 2007-SL2,
WMCMT 2007-SL3, GCCFC 2004-GG1, GMACCMSI 2002-C3, GMACCMSI 2003-C1, GMSCSII 2004-GG2, MSMCII 2003-IQ6, PSSFC 1998-C1, GSMS 2012-GCJ7,
PSSFC 1999-NRF1, PSSFC 1999-C2, BACM 2005-3, KEY 2000-C1, BACM 2005-5, BACM 2006-1, DLJ 2000-CKP1, CSFB 2001-CK1, CSFB 2001-CK3,
CSFB 2001-CKN5, CSFB 2001-CK6, CSFB 2002-CKP1, CSFB 2002-CKN2, SBMS 2002-KEY2, CSFB 2002-CKS4, CSFB 2003-CK2, CSFB 2003-C3, CSFB
2003-C4, CSFBCM 2004-C1, MLMT 2004-MKB1, MLMT 2004-KEY2, CSFBMSC 2004-C4, CSFBMSC 2004-C5, MLMT 2005-MKB2, CSFBMSC 2005-C2, CSFBMSC
2005-C4, BAML 2012-CRLN, LBCMT 1998-C1, BOA 2001-PB1, BOA 2002-PB2, GECMC 2003-C1, GECMC 2003-C2, MSCI 1999-WF1, AMRS-RM1, Highland
Park CDO I, HMI I-CRE CDO 2007-1.

 

Pursuant
to the Servicing Agreement(s) between KeyCorp Real Estate Capital Markets and Berkadia Commercial Mortgage LLC, I certify with
respect to each mortgage loan serviced by us, as noted above, for KeyCorp Real Estate Capital Markets of the quarter ending September
30, 2012 except as otherwise noted below:

 

All
taxes, assessments and other governmental charges levied against the mortgaged premises, ground rents payable with respect to
the mortgaged premises, if any, which would be delinquent if not paid, have been paid.

 

All
required insurance policies are in full force and effect on the mortgaged premises in the form and amount and with the coverage
required by the loan documents. 

 

On
all required insurance policies, the loss payee is in the name of the Trust.

 

All
UCC Financing Statements have been renewed prior to expiration.

 

All
reserves are maintained and disbursed in accordance with the loan documents and no expired reserves exist.

 

	  	  	  	  
	118 WELSH ROAD	HORSHAM, PA 19044	215.328.3200	BERKADIA.COM

 

    Amended & Restated Master Subservicing Agreement

 D-2

    	 

    

 

All letters of credit are
transferred to the Trust as beneficiary and are properly renewed.

 

Lockboxes are being serviced
in accordance with the loan documents. 

 

All required loan documents,
third party reports and underwriting files are complete and all applicable loan documents have been properly assigned to the Trust. 

 

Exceptions: none to report

 

Berkadia Commercial Mortgage

 

/s/ William Doherty

 

William Doherty 

Vice President 

October 2, 2012

 

    	Amended & Restated Master Subservicing Agreement

 

    	 

    

 

EXHIBIT
E

 

ACCOUNT CERTIFICATION 

 

	Securitization:	 	 	 
	 	 	 
	Subservicer:	 	 	 
	 	 	 
	 	 	 	  New Account     	 	  Change of Account Information	 
	 	 	 

  

	Indicate purpose of account (check all that apply):	 
	 	 	 
	 	 	 Principal & Interest	 	Deposit Clearing	 
	 	 	 	 
	 	 	 Taxes & Insurance	 	Disbursement Clearing	 
	 	 	 	 
	 	 	 Reserves (non-interest bearing)	 	Suspense	 
	 	 	 	 
	 	 	 Reserves (interest bearing)	 

  

	Account Number: 	 

 

	Account Name:	 

 

Depository
Institution (and Branch):

  

	 	Name:	 

 

	 	Street:	 

 

	 	City, State, Zip: 	 

  

	 	Rating Agency:	 	Rating:	 	 

 

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

 

	Prepared by:	 

  

	Signature:	 

  

	Title:	 

  

	Date:	 

  

	Telephone: 	 	Fax: 	 

 

    Amended & Restated Master Subservicing Agreement

 E-1

    	 

    

  

EXHIBIT F

 

FORM OF SUBSERVICER
PERFORMANCE CERTIFICATION

 

Re:          [TRUST] 

 

The undersigned a [title/officer]
of Berkadia Commercial Mortgage, LLC, a Delaware limited liability company, as subservicer (the “Subservicer”)
under that certain subservicing agreement dated and effective as of [_____________, 2012] (the “Subservicing Agreement”)
between Subservicer and KeyCorp Real Estate Capital Markets, Inc. (“KRECM”) whereby the Subservicer agreed
to perform certain of KRECM’s servicing responsibilities under that certain pooling and servicing agreement dated as of [_____________]
(the “Pooling and Servicing Agreement”) among [LIST THE PARTIES TO THE PSA], on behalf of Subservicer,
certify to [Name of Certifying Person(s) for Sarbanes-Oxley Certification], KRECM, the Trustee, the Depositor and their respective
officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:

 

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

 

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

 

3.          Based on my knowledge,
the information contained in the Subservicer Reports, taken as a whole, does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the Relevant Period;

 

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

 

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

 

SUBSERVICER: 

BERKADIA COMMERCIAL MORTGAGE LLC, 

a Delaware limited liability company

 

	By:	 	 	Date:	 

	Name:	 	 	 

	Title:	 	 	 

 

    Amended & Restated Master Subservicing Agreement

 F-1

    	 

    

 

EXHIBIT G

 

TASK LIST

 

(See Attached) 

 

 

    Amended & Restated Master Subservicing Agreement

 G-1

    	 

    

 

TASK
LIST

 

Scope of Sub-Servicing
Responsibilities

 

	  	Function	Berkadia	KRECM
	1	Loan Set-Up	 
    	 
    
	  	External Conversion	 
    	 
    
	(a)	Develop initial conversion plan/contacts	X	X

        

	(b)	Determine data/file conversion process (manual, electronic or combination)	X

        
	X

        

	(c)	Reconcile new loan set-up Information	X 
	X 

	(d)	Approval of conversion trial balance	X 
	X 

	(e)	Set-up new loan in loan servicing system	X 
	 
    
	(f)	Transfer imaged loan files	 
    	X 

	(g)	Identify and Index the loan documents post transfer	X 
	 
    
	(h)	Apply closing funds to loan servicing system (as directed) or extract information into a spreadsheet to direction application of funds	X 
	 
    
	(i)	Follow-up on document exceptions, post-closing items, missing documents, insurance information, escrows... (i.e. certificate of occupancy, side letter agreement requirements)	X 
	X 

	(j)	Notice to borrowers (Welcome Letter/Good-bye Letter)	X 
	X 

	2	 Investor Reporting	 
    	 
    
	(a)	Prepare investor reporting package in accordance with servicing agreement for delivery to KRECM	X 
	 
    
	(b)	Prepare and execute remittances and distribute remittance reports for delivery to KRECM	X 
	 
    
	(c)	Provide access to monthly cash account reconciliations, including copies of monthly bank statements for all deposit, escrow and reserve accounts.	X
	 
    
	(d)	Provide InvestorView access to KRECM	X
	 
    
	3	General Servicing	 
    	 
    
	(a)	Administer borrower customer service and correspondence	X
	 
    
	(b)	Provide [ILLEGIBLE] reports as may be reasonably requested by KRECM	X
	 
    
	(c)	Monitor all payments due and contact borrowers if not received by end of grace period and maintain log	X
	 
    
	(d)	Prepare demand letters and mall to borrower.	X
	 
    
	(e)	Provide access to monthly billing statements to borrowers via LoanView	X
	 
    
	(f)	Provide LoanView access to borrower	X
	 
    
	(g)	Monitor maturity dates and send written notice to borrowers	X
	 
    
	(h)	Monitor date-driven trigger events	X
	 
    
	(i)	Review and assess late charges and default interest	X
	 
    

 

    Amended & Restated Master Subservicing Agreement

 G-2

    	 

    

 

	 
    	Function	Berkadia	KRECM
	(j)	Negotiate and approve late charge waivers conditional upon PSA authority	X	 
    
	4	Insurance Administration	 
    	 
    
	(a)	Analyze insurance coverage, ensure minimum carrier requirements meet underlying loan documents and KRECMPSA / Subservicing agreement requirements	X
	 
    
	(b)	Verify mortgagee clause on Insurance policies complies with loan documents and KRECM requirements	X 
	 
    
	(c)	Monitor policy expiration; run expiration report and review documents to update the Information	X
	 
    
	(d)	Send expiration notices to borrower and obtain renewal evidence of coverage	X
	 
    
	(e)	Contact Insurance agents and/or borrowers, as necessary	X
	 
    
	(f)	Insurance coverage walver approval; if required under the PSA	X	X

	(g)	Provide Insurance Certification in accordance with the Subservicing Agreement	X
	 
    
	(h)	Disburse Insurance premiums from escrow accounts	X
	 
    
	(i)	Administer forced place Insurance	X
	 
    
	(j)	Approval to Berkadia for forced place Insurance premiums; if required under PSA	X
	X

	(k)	Prepare monthly Insurance status reports	X	 
    
	(l)	Maintain original Insurance policies or certificates in the imaged file	X	 
    
	5	Property Tax Administration & Escrow Analysis	 
    	 
    
	(a)	Take assignment of a tax contract from the prior servicer (or establish for additional/new loans) all escrowed and non-escrowed loans with tax service	X
	 
    
	(b)	Monitor tax status on non-escrowed loans and obtain verification of paid taxes	X
	 
    
	(c)	Contact borrowers regarding property tax issues, as necessary	X
	 
    
	(d)	Contact taxing authorities, as necessary	X
	 
    
	(e)	Provide KRECM with a report setting forth upcoming tax payments due	X
	 
    
	(f)	Disburse tax payments on escrowed loans	X
	 
    
	(g)	Preparation of delinquent tax status reports	X
	 
    
	(h)	Prepare escrow analysis annually at a minimum or as required to meet payment needs	X
	 
    
	6	Reserve Administration	 
    	 
    
	 	Collection/Deposit/Disbursement of Reserves	 

	 
	(a)	Collect and deposit reserves from borrower in accordance with loan documents	X
	 
    

 

    Amended & Restated Master Subservicing Agreement

 G-3

    	 

    

 

	  	  	Function	  	Berkadia	KRECM
	(b)	  	Compile reserve draw package/analysis, to include list of deficiencies, current reserve balances, relevant release provisions from loan documents and any additional information necessary for determining release	  	X	  
	(c)	  	Review, approve and disburse reserve draw package/analysis	  	X	  
	(d)	  	Advise borrower of release decisions (i.e. full or partial denials)	  	X	  
	(e)	  	Maintain electronic copies of documentation regarding approved and disbursed reserve draws	  	X	  
	  	  	Holdback/Earn out Reserve Administration	  	  	  
	(f)	  	Account set-up and maintenance/funds management	  	X	  
	(g)	  	Request release on behalf of borrowers	  	X	  
	(h)	  	Analyze and [ILLEGIBLE] release package and make recommendation	  	X	  
	(i)	  	Issue disbursement approval, if required	  	X	  
	(j)	  	Construction loans to be agreed upon separately	  	  	N/A
	7	  	ARM Administration	  	  	  
	(a)	  	Perform ARM payment adjustments & coordinate borrower notices	  	X	  
	(b)	  	Tracking Indexes	  	X	  
	8	  	Collateral Services	  	  	  
	  	  	UCC’s	  	  	  
	(a)	  	Maintain [ILLEGIBLE] system for UCC filing due dates	  	X	  
	(b)	  	Prepare and file UCC continuations and terminations, coordinate KRECM execution, if necessary	  	X	  
	(c)	  	Payment of recording fees for UCC renewal filings reimbursement to be paid by Borrower	  	X	  
	(d)	  	Preparation of UCC status reports	  	X	  
	  	  	Letters of Credit	  	  	  
	(e)	  	Retain original letter of credit and provide a copy to Berkadia	  	  	X - Trustee
	(f)	  	Review terms of letter of credit to ensure compliance with loan documents	  	X	  
	(g)	  	Letter of credit administration, including setting up in loan servicing system and monitoring	  	X	  
	(h)	  	Notify KRECM borrower of expiring letter of credit	  	X	  
	(i)	  	Coordinate letter of credit draw, release and renewals and coordinate with borrower, KRECM and issuer, as necessary, in accordance with loan documents and the Subservicing Agreement	  	X	  
	(j)	  	Provide quarterly letter of credit status report	  	  	  
	9	  	Treasury Management	  	  	  
	(a)	  	Establish and maintain custodial and escrow /reserve accounts	  	X	  
	(b)	  	Reconcile custodial/escrow and reserve accounts	  	X	  
	(c)	  	Manage special borrower investments, if applicable	  	X	  

 

    Amended & Restated Master Subservicing Agreement

 G-4

    	 

    

 

	  	Function	Berkadia	KRECM
	(d)	Track Indexes for monthly posting of Interest on escrow/reserve accounts	X	  
	(e)	Pay borrower Investment Income as required for escrow/reserve accounts	X	  
	10	Lockbox
    Administration1	  	  
	(a)	Upon a trigger event, Initiate set-up of lockbox account and administration/funds management and disbursement authority	X	  
	(b)	Application of payments; remittance of operating expenses; delivery of  excess funds back to borrowers, as applicable	X	  
	(c)	Termination of lockbox accounts for defeased and paid-off loans	X	  
	11	Payment Processing	  	  
	(a)	Prepare and make available billing statements on-line via LoanView	X	  
	(b)	Offer
    Automated Clearing House (ACH)/Pre-Authorized Payment (PAT)/lockbox or wire payment options to borrowers. Confirm to
    borrower     ACH/PAT activation.	X	  
	(c)	Collect all regular principal and Interest, escrow and reserve payments In accordance with loan documents	X	 
	(d)	Process
    returned Items (ACH or NSF checks)	X	 
	12	Borrower/Loan Inquiries	 	  
	  	Borrower
    Initiated Special Requests1	  	  
	(a)	Borrower contact and gathering of required documents/data	X	  
	(b)	Underwriting and preparation of case memorandum	X	  
	(c)	Approval of transaction; if required under PSA and pursuant to the subservicing agreement	X	X
	(d)	Closing document preparation/ finalization/ recording	X	  
	(e)	Image closing documents and updates loan servicing system	X	  
	  	Other Special Requests	  	  
	(f)	Response to bankruptcies, requests for discounted payoffs, workouts, restructures, forbearances, etc...per subservicing agreement	X	  
	(g)	Response to casualty and condemnation Issues per subservicing agreement	X	  
	13	Collateral Survelliance	 	  
	  	Financial Statements and Rent Rolls	  	  
	(a)	Maintain monitoring system for financial statements CREFC requirements	X	 
	(b)	Contact borrower requesting financial Information, rent rolls and Argus runs as required under loan documents	X	 
	(c)	Review and spread financial statements (in accordance with CREFC requirements)	X	 
	(d)	Monitor financial analysis driven trigger events	X	 

 

 

1 Borrower initiated Requests include the following types of transactions: (i) Assumption; (ii) Due on sale/Transfer of Ownership;
(iii) Modification; (iv) Extension; (v) Waiver; (vi) Consent; (vii) Lease / SNDA approval; (viii) Property Management Change;
(ix) Release of collateral; (x) Easement; and (xi) Condemnation. 

 

    Amended & Restated Master Subservicing Agreement

 G-5

    	 

    

 

	  	Function	Berkadia	KRECM
	(e)	Complete annual rent roll analysis, In accordance with CREFC requirements.	X	  
	(f)	Load rent roll data, as per sub-servicing agreement.	X	  
	(g)	Image financial statements and rent rolls	X	  
	(h)	Obtain annual budgets from borrowers and analyze for approval /rejection, If required	X	  
	  	Property Inspections	  	  
	(i)	Maintain monitoring system for inspection due dates	X	  
	(j)	Perform Inspections	X	  
	(k)	Review and approve inspections reports	X	  
	(l)	Update system with inspection results	X	  
	(m)	Image inspection reports	X	  
	(n)	Follow-up on deferred maintenance items	X	  
	14	Loan Payoffs	  	  
	(a)	Prepare payoff calculations including prepayments and prepayment fee in accordance with loan documents and deliver to KRECM for  review/approval in accordance with the Subservicing Agreement, if required	X	X
	(b)	Prepare prepayment penalty waivers; and / or obtain approval if required under PSA	X	X
	(c)	Upon approval in accordance with the Subservicing Agreement, forward approved payoff quote to borrower	X	  
	15	IRS Reporting	  	  
	(a)	Preparation of IRS reporting (1098’s and 1099’s or other tax reporting requirements)	X	  
	(b)	Delivery of IRS reporting to borrowers and IRS	X	  
	16	Records Management/ Releases – Asset files	  	  
	(a)	Original credit/collateral file management (*note if third party custodian)	N/A	X -Custodian
	(b)	Maintain imaged servicing file	X	  
	(c)	Determination regarding release of loan collateral pursuant to loan documents or borrower request per subservicing agreement	X	  
	(d)	Prepare and forward release documents for execution in accordance with the subservicing agreement	X	  
	17	Annual Subservicer Requirements	  	  
	(a)	Provide annual Independent accountants servicing report (USAP)	X	  
	(b)	Provide annual officer’s certificate as to compliance	X	  
	(c)	Provide annual errors and omissions update	X	  
	(d)	Cooperate with compliance audit requests of KRECM	X	  
	18	Information Technology	  	  
	(a)	If requested, provide financial reporting transmissions once mutually agreed upon	X	  

  

    Amended & Restated Master Subservicing Agreement

 G-6

    	 

    

 

EXHIBIT H

 

ACKNOWLEDGMENT AGREEMENT

 

MORTGAGE
LOAN ACKNOWLEDGEMENT AGREEMENT

 

By execution and delivery of this Mortgage
Loan Acknowledgement Agreement (the “Acknowledgement Agreement”), KEYCORP REAL ESTATE CAPITAL MARKETS,
INC. (“KRECM”) and BERKADIA COMMERCIAL MORTGAGE LLC (“Subservicer”) hereby
agree that Subservicer shall service the mortgage loan(s) set forth on the attached Schedule A (the “Mortgage Loan(s)”)
in accordance with pursuant to that certain Subservicing Agreement (the “Subservicing Agreement”) dated
as of March [30], 2012, between KRECM and Subservicer.

 

Pursuant to the Subservicing Agreement,
the effective date of the commencement of services with respect to the Mortgage Loan(s) shall be [INSERT SERVICING DATE]. [The
Master Servicer appointed under the related PSA for the Mortgage Loans shall be [INSERT NAME OF MASTER SERVICER]]. Subservicer
hereby accepts and assumes the servicing responsibilities with respect to the Mortgage Loan(s), all in accordance with the terms
and provisions of the Subservicing Agreement.

 

All terms and conditions of this transaction
shall be governed by the Subservicing Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Subservicing Agreement.

 

This Acknowledgement Agreement may be executed
simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall
constitute one and the same instrument.

 

IN WITNESS WHEREOF, KRECM and Subservicer
have caused their names to be signed hereto by duly authorized officers.

 

Dated as of [INSERT DATE OF DOCUMENT]. 

 

	KEYCORP REAL ESTATE	 	 BERKADIA COMMERCIAL
	CAPITAL MARKETS, INC.	 	 MORTGAGE LLC
	 	 	 	 	 
	By:	 	 	 	By:	 	 
	 	 	 	 	 
	Name:	 	 	Name:	 
	 	 	 	 	 
	Title:	 	 	Title:	 

  

    Amended & Restated Master Subservicing Agreement

H-1

    	 

    

  

EXHIBIT I

 

TRANSFER INSTRUCTIONS

 

(See Attached)

 

    Amended & Restated Master Subservicing Agreement

	I-1

    	 

    

 

 

COMMERCIAL/MULTIFAMILY
MORTGAGE LOAN SERVICING

TRANSFER
INSTRUCTIONS –(Insert Deal Name)

 

CONTACTS

 

	Conversions
                                         - Servicing:

                                                                         Emma
Robinson

Phone: (215) 328-1765

Email: Emma.Robinson@berkadia.com

                                                                          

                                                                         Email:

                                                                          

                                                                         Acquisition.Conversions@berkadia.com

         

 

 

 

DELIVERY
INSTRUCTIONS

 

	Mortgage
    File Shipment and Related Correspondence:
	 
	Berkadia
                                         Commercial Mortgage LLC

                                         118 Welsh Road

                                         Horsham, PA 19044

                                         ATTN: Emma Robinson

	 

 

	Wire
    Instructions:
	 

    Wells Fargo Bank NA

    San Francisco, CA

    ABA # 121-000-248

    ACCT # 4946503687

    Account Name: Berkadia Commercial

    Mortgage LLC

    Ref:
	 

 

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	A.	LOAN
        SET-UP INFORMATION REQUIRED FROM SELLER OR SELLER’S SERVICER:

 

Seller
or Seller’s SERVICER shall cause the prior servicer or subservicer, as applicable, to provide Purchaser with loan information
electronically by the transfer date. Should data not be available electronically due to system restrictions or incompatibility,
detailed printouts should be forwarded immediately. Please email the requested data to the department email account of Acquisition.Conversions@Berkadia.com

 

	B.	REQUIRED
        REPORTS

 

General:

 

	Due:Report Type:	Description:
	 	 	 
	Transfer
    Date	Trial
    Balance	In
    Seller/Servicer number order, to include but not limited to; all payment constants account balances and next payment due date
	Transfer
    Date	Loan
    History	From
    inception of loan servicing through Transfer Date
	Transfer
    Date	Remittance
    Instructions	A
    list of all investors and broker strips including contact names, addresses and wire instructions.
	Transfer
    Date	Hard
    Lockbox	Any
    loans with hard lockboxes along with bank name, contact information and copies of the agreements.
	Transfer
    Date	Auto-Debit	Any
    loans that pay through ACH or auto-debit.
	Transfer
    Date	Non-Cash
    Investments	To
    include Treasuries, Cert of Deposit or other vehicle of Investments. Please information necessary to properly identify securities
    or investments.
	Transfer
    Date	Letters
    of Credit	To
    include, the Bank name, amount of credit, expiration date and name of loan affected.
	Transfer
    Date	Inspection	To
    include: Date of Last Inspection, Next Inspection Date, Last Quality Rating, Delinquent Inspections & any deficiencies
    that require immediate attention.
	Transfer
    Date	UCC	To
    include: Jurisdiction, Filing Number(s), Original Filing Dates and Next Filing Dates.
	Transfer
    Date	Payoffs	Listing
    of all loans with payoff statements issued 30 days prior to Transfer Date.
	Transfer
    Date	Advances	Reconciliation
    and Officers’ Certificate relating to recoverability of advances.
	Transfer
    Date	Suspense
    Balance	Description
    of all funds that are in suspense.

 

    
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Tax
& Insurance:

 

	Due:Report Type:	Description:
	 	 	 
	Transfer
    date	60
    Day Report	Listing
    of any tax payments or insurance premiums due within 60 days of Transfer Date.
	Transfer
    date	Special
    Issues	To
    include tax abatements, partial payments, taxes paid under protest, etc. Listing should contain the related tax parcel #,
    amount abated, tax authority and expiration date.
	Transfer
    date	Insurance
    Cancellations	Listing
    of pending insurance cancellations.
	Transfer
    date	Pending
    Loss Draft	Provide
    date, cause, amount of loss, proceeds received to date and current status.
	Transfer
    date	Tax
    Delinquencies	Report
    should contain the related tax parcel #’s, delinquent tax amount, penalty amount, taxing authority and due dates.

 

 

 

Ground
Leases/Rents, Reserves & Pending Special Requests:

 

	Due:Report Type:	Description:
	 	 	 
	Transfer
    date	Ground
    Leases	Listing
    of all loans with Ground Leases and report of any rents due within 60 days of transfer.
	Transfer
    date	Reserves	Listing
    of all reserves for each loan including the type, monthly constants, and if reserves are held in an interest or non interest
    bearing account.
	Transfer
    date	Special
    Requests	Listing
    of any loans with pending modifications, assumptions, partial releases or any type of transaction that may change the current
    status or terms of the loan.

 

 

 

Special
Loan Covenants:

 

 

	Due:Report Type:	Description:
	 	 	 
	Transfer
    date	Trigger
    Events	Listing
    of any Borrower covenants or changes to loan terms that are required to be tracked and acted upon; i.e. DSCR limits, payment
    increases or reserve start-ups.
	Transfer
    date	Financial
    Reporting	Listing
    of Borrower reporting requirements and due dates for each loan.

 

	C.	TRANSFER
        OF FUNDS

 

1.               On
the Transfer Date, all cash and money market escrow funds are to be wired via federal funds via the instructions provided. A Trial
Balance showing how to

    
Amended
& Restated Master Subservicing Agreement

	I-4

    	 

    

breakdown
the incoming funds on a loan to loan basis should be supplied as of the Transfer Cut-off Date. 

 

	D.	MORTGAGE
        LOAN FILES

 

1.               Seller
shall cause the prior servicer or subservicer, as applicable, to deliver to Purchaser all
mortgage loan files, working files and origination files 2 days prior to the Transfer Date. Berkadia encourages
the transfer of loan documents in electronic format. If loan documents are to be sent electronically, please see Section G of
these Transfer

Instructions.
If electronic format is not possible, file shipments are to be accompanied with an inventory listing itemizing the loan numbers
and type of file contained in each box. Files will contain but not be limited copies of the following:

 

		·	Mortgage
                                         Note

		·	Loan
                                         Agreement (if applicable)

		·	Recorded
                                         Mortgage/Deed of Trust with Legal Description

		·	Mortgage
                                         Assignments

		·	Title
                                         Insurance Policy

		·	Any
                                         Modifications

		·	All
                                         related UCC filings, continuations, amendments and assignments

		·	Cash
                                         Management/Lockbox Agreements

		·	Reserve/Escrow
                                         Agreements

		·	Any
                                         correspondence or notices regarding ARM loans

		·	Financial
                                         Statements

		·	Property
                                         Inspections

		·	Original
                                         Appraisal

		·	Phase
                                         I environmental report

		·	Paid
                                         real estate tax receipts

		·	Current
                                         hazard insurance policies

		·	Letters
                                         of Credit

		·	Copies
                                         of any Lease

		·	Copies
                                         of all current CREFC Operating Statement Analysis Reports and CREFC NOI Adjustment Worksheet

 

	E.	NOTIFICATIONS

 

		1.	Goodbye/Hello
                                         Letters - Seller or Seller’s Servicer shall prepare and provide copies of the
                                         “goodbye/hello” letter to Purchaser five business days prior to transfer
                                         date.

		2.	Letters
                                         of Credit – Seller or Seller’s Servicer shall prepare and send to Purchaser
                                         copies of letters to Bank with proof of assignment to current Lender/Trustee as Beneficiary
                                         named on Letters of Credit. Seller or Seller’s Servicer shall also forward copies
                                         of letters to Bank notifying the change of Servicer five business days prior to
                                         transfer date.

		3.	Lock
                                         Box Notification Letters – Seller of Seller’s Servicer shall prepare
                                         and provide copies to Berkadia a listing of all Hard Lock Box accounts along with copies
                                         of notification letters forwarded to Institutions regarding existing hard lockboxes five
                                         business days prior to transfer date.

		4.	Non
                                         Cash Investments – Seller of Seller’s Servicer shall prepare and provide
                                         copies to Berkadia a listing of all Non Cash Investments and notification letters forwarded
                                         to

 

    
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			Institutions
                                         holding existing non-cash investments five business days prior to transfer date.

 

		5.	Ground
                                         Leases – Seller of Seller’s Servicer shall prepare and provide copies
                                         to Berkadia of letters informing Ground Lessor of transfer five business days prior
                                         to transfer date. Example attached.

 

		6.	Tax
                                         & Insurance Letters – Seller or Seller’s Servicer shall prepare and
                                         provide copies to Berkadia of letters forwarded to tax authorities and insurance agents
                                         regarding the change of servicer five business days prior to transfer date.
                                         Examples attached.

 

	F.	CONTINUED
        SERVICING RESPONSIBILITIES OF SELLER OR SELLER’S SERVICER:

	 	 
	 	 
	 	Among other things, it is also the responsibility of the Seller/SERVICER
    to perform the following:

		·	Pay
                                         real estate tax, hazard insurance that are due within 30 days of the Transfer Date (i.e.
                                         Transfer Date of July 15, 2011 R/E Tax bill due July 30, 2011 - to the extent Seller/Servicer
                                         has received a bill, this bill would be paid by Seller/Servicer prior to the Transfer
                                         Date). If a bill has not been received, a listing of such Loans must be provided to Purchaser
                                         including the due date, payment amount, and payee information.

 

		·	Perform
                                         and submit required property inspections on any Mortgage Loan that has an inspection
                                         due to the Investor within 30 days of the Transfer Date (i.e. Transfer Date July 15,
                                         2011, property inspection due to Investor on July 30, 2011 - this inspection would be
                                         performed by Seller/Servicer and submitted to Investor by July 15, 2011).

		·	Collect
                                         applicable financial statements from the mortgagors and perform the appropriate operating
                                         statement analysis on each Mortgage Loan.

		·	File
                                         UCC-3 Continuations in the appropriate jurisdictions.

		·	Immediately
                                         notify and forward all funds or correspondence received by Seller/Servicer on the related
                                         Loans after the Transfer Date to Purchaser via recognizable overnight courier or fed
                                         funds wire transfer within 1 business day of receipt.

		·	Prepare
                                         and report all tax information to the Internal Revenue Service and provide Borrowers
                                         with any and all tax information (i.e. Forms 1098 & 1099) through to the date of
                                         Transfer.

 

	G.	Electronic
Document Formatting Requirements

 

		1.	Each
                                         loan should be saved into individual folders with the images (documents) for each loan
                                         supplied within the folder.

 

		2.	Each
                                         image (document) should be saved in a pdf file format or CCITT Group 4 multi-page tif.

 

		3.	Each
                                         image (document) should be named by its existing loan or document type. (e.g. 12345.pdf
                                         or Promnote.pdf ) No Special Characters.

 

		4.	No
                                         DVD’s

 

    
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Attachment
1 - Revised

Goodbye-Hello Letter

 

(Transfer
Date)

 

[Mortgagor]

 

c/o
[Management Company]

 

[Address]

 

[City,
State, Zip]

 

		 RE:	[Seller/Servicer]
Account #

 

Berkadia
Commercial Mortgage LLC Loan # [ ] 

 

[Project
Name]

 

Dear:
[Contact Name]:

 

The
servicing of your loan has been transferred from         to Berkadia

 

Commercial
Mortgage LLC effective Transfer Date. The transfer of servicing of

your

mortgage loan does not affect any term or condition of your mortgage instruments or

 

lease.

 

We
appreciate the opportunity to have serviced your loan.

 

Berkadia
Commercial Mortgage LLC is pleased to announce Loan View, our exclusive Berkadia Mortgage Site for borrowers.

 

Effective
with the payment due ____, your monthly billing statement will be available on

 

our
website. We have eliminated the mailing of monthly billing statements. The monthly statements are available on our Loan View website
10 days prior to the subsequent month’s payment due date. If you are unable to view your monthly billing statement, please
contact your Client Relations Manager. If you need to access/print the billing statement for your records, just access the billing
statements through the Loan View website via the directions below.

 

You
will be able to view, print or download scheduled billing statements via our website – https://loanview.Berkadia.com- 24
hours a day, 7 days a week. Berkadia Commercial Mortgage LLC is a paperless corporation, as such the billing statements are sent
out via fax or email each month, they are not mailed. To have this information sent out automatically, please register on our
website by following the steps below:

 

1-  
Go to https://loanview.Berkadia.com 

2-  
Click on “Please register with us”

 

    
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Restated Master Subservicing Agreement

	I-7

    	 

    

 

3-  
Accept the Terms of Use Agreement 

4-  
Follow the prompts for information

 

You
can also set up for Auto Debit on this website to ensure your payments are received promptly.

 

    
Amended &
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	I-8

    	 

    

 

Please
forward your _________payment to the following address (To ensure proper credit please note the new Berkadia loan
number on your check): 

 

Berkadia
A

Lockbox #9067

P.O. Box 8500

Philadelphia, PA 19178-9067

REF: Berkadia ln #

 

In
the event any such payments are being made or will be made via wire transfer, please direct all such payments to:

 

Wells
Fargo Bank, NA

For wire – ABA #121-000-248

For ACH – ABA #031-000-503

Credit To: Berkadia Commercial Mortgage

420 Montgomery Street

San Francisco, CA 94104

Account #2100012537715

 

Berkadia
Finance Inc is available to assist you with questions regarding the transfer of servicing. You may contact Client Relations
Department at 1-888-334-4622, from 8:00 a.m. to 5:00 p.m. EST, Monday through Friday. Please forward all written correspondence
to 118 Welsh Road, Horsham, PA 19044.

 

In
compliance with federal regulations, we ask that you please provide us, within 30 days of the date of this letter, a completed
W-9 form, listing the appropriate tax identification number for the borrowing entity. The information from this form will be utilized
during annual interest reporting.

 

Berkadia
Commercial Mortgage LLC looks forward to servicing your mortgage loan and is committed to providing you quality, personal service
and Total Customer Satisfaction.

 

Sincerely,

 

    Amended &
Restated Master Subservicing Agreement

	I-9

    	 

    

 

 Attachment
2

 

Form
Tax Notification

 

[CLOSING
DATE]

 

City
of

 

County
Tax Collector

 

RE:
Loan #

 

Berkadia
Loan # 

Name
of Project 

Parcel

 

LEGAL
DESCRIPTION ATTACHED

 

Dear:
Sir/Madam:

 

Please
take notice that effective this date; the referenced mortgage loan was transferred for servicing to Berkadia Commercial Mortgage
LLC

 

Accordingly,
please annotate your file regarding the above project to reflect the new servicer on all-relevant tax bills, assessments and correspondence
effective immediately and forward such items to the address shown below:

 

Berkadia
Commercial Mortgage LLC

 

118
Welsh Road 

 

Horsham,
PA

19044-6657 Attention: Tax

Department Telephone:

(888) 334-4622 Facsimile:

(215) 328-0101

 

    
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	I-10

    	 

    

 

Thank
you for your cooperation in this matter. 

	 	 	 
	 	 	Sincerely,
	 	 	 
	 	 	Sellers/Servicer Name
	 	 	 
	 	 	Title
	 	 	 
	 	 	Phone

 

    
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	I-11

    	 

    
 

Attachment 3

 

Form of Hazard Insurance
Notification

 

[CLOSING DATE]

 

[Name], Insurance Agency 

[Address]

 

[City, State, Zip]

 

RE: [Seller/Servicer] Loan Number:

 

Berkadia Loan # 

Project Name: 

Property
Location:

 

Policy Number:

 

Policy Effective Period: 

Insurance
Carrier:

 

Dear: Sir/Madam:

 

Please take note that effective
as of the date of this letter, the referenced mortgage loan was transferred for servicing to Berkadia Commercial Mortgage LLC

 

Accordingly, please
update your file regarding the above project to reflect the new servicer on all relevant insurance renewal notices, policies, and
correspondence effective immediately and forward such items to the address shown below. In addition, please forward an endorsement
naming “Berkadia Commercial Mortgage LLC, as Master/Primary Servicer to the address below.

 

Berkadia Commercial
Mortgage LLC

118 Welsh Road

Horsham, PA 19044-6657

Attention: Insurance
Department

Telephone: (888)
334-4622

Facsimile: (215) 328-3850

 

Thank you for your cooperation in this matter.

 

	 	Sincerely,

 

[Author]

[Title]

[Phone]

 

    
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& Restated Master Subservicing Agreement

	I-12

    	 

    

 

Attachment 4

 

Form of Ground Lessor
Notification

 

[CLOSING DATE]

[Name], Ground Lessor Name [Address]

[City, State, Zip]

 

RE: [Seller/Servicer] Loan Number:

 

Berkadia Loan #

Project Name:

Property Location:

 

Dear: Sir/Madam:

 

Please take note, effective as
of the date of this letter; the referenced mortgage loan was transferred for servicing to Berkadia Commercial Mortgage LLC

 

Accordingly, please update your file regarding
the above project to reflect the new Servicer on all relevant ground rent/lease notices, correspondence effective immediately and
forward such items to the address shown below.

 

Berkadia Commercial Mortgage LLC

118 Welsh Road

Horsham, PA 19044-6657

Attention: Client Relations Group

Telephone: (888) 334-4622

 

Thank you for your cooperation in this matter.

 

	 	Sincerely,

 

[Author]

[Title]
[Phone]

 

    
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	I-13

    	 

    

 

EXHIBIT J

 

OFFICER’S CERTIFICATE

 

The undersigned, [Craig
N. Younggren], hereby certifies that he is a [Senior Vice President] of KeyCorp Real Estate Capital Markets, Inc., an Ohio corporation
(“KRECM”), and further certifies to Berkadia Commercial Mortgage, LLC, a Delaware limited liability company (the “Subservicer”),
pursuant to Section 5.03 of that certain Subservicing Agreement dated and effective as of [_____________, 2012] (the “Subservicing
Agreement”) between Subservicer and KRECM, as of [______________, 2012] that (i) the unpaid principal balance of the Mortgage
Loans is $[______], (ii) [_________] Mortgage Loans are subject to this agreement, and (iii) the balance of the escrows, reserves
and other servicing actions related to the Mortgage Loans is $[__________].

 

Capitalized terms used
but not defined herein have the meanings assigned to such terms in the Subservicing Agreement.

 

IN WITNESS WHEREOF,
the undersigned has executed this certificate as of [___________], 2012.

 

KEYCORP REAL ESTATE CAPITAL MARKETS, INC.,

an Ohio corporation

 

By:

Name:

Title: 

 

    
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 J-1

     

    

 

AMENDMENT NO. 1 TO AMENDED
AND RESTATED SUBSERVICING AGREEMENT

 

Dated as of June 24, 2013

 

between

 

KEYCORP REAL ESTATE CAPITAL
MARKETS, INC.

 

and

 

BERKADIA COMMERCIAL MORTGAGE
LLC

 

    
Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
 

     

    

 

THIS AMENDMENT NO.
1 TO AMENDED AND RESTATED SUBSERVICING AGREEMENT (this “Amendment”), dated as of June 24, 2013 by and
between KeyCorp Real Estate Capital Markets,
Inc., an Ohio corporation (together with its successors and assigns, “KRECM”), and BERKADIA
COMMERCIAL MORTGAGE LLC, a Delaware limited liability company (together with its successors and assigns, the “Subservicer”).

 

RECITALS

 

A.          KRECM and the
Subservicer entered into that certain Amended and Restated Subservicing Agreement dated January 18, 2013 (as amended, restated,
or otherwise modified from time to time, the “Subservicing Agreement”), together with other related agreements,
documents, and instruments, pursuant to which the Subservicer was engaged to perform certain of KRECM’s servicing responsibilities
related to certain commercial mortgage loans under the pooling and servicing agreements (the “Original PSAs”)
related to certain commercial mortgage-backed securitization transactions identified in the Subservicing Agreement.

 

B.           In
addition to the commercial mortgage loans that are subject to the Originals PSAs, KRECM, as master servicer, services and administers
certain additional commercial mortgage loans (the “Additional Mortgage Loans”) pursuant to the pooling
and servicing agreements (each a “PSA”) related to the commercial mortgage-backed securitization transaction
identified on Schedule 1.

 

C.           KRECM
and the Subservicer desire to amend the terms of the Subservicing Agreement whereby the Subservicer shall perform certain of KRECM’s
servicing responsibilities under each PSA with respect to the Additional Mortgage Loans as more specifically set forth in this
Amendment.

 

AGREEMENT

 

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

 

Section
1.    Defined Terms. All capitalized terms not otherwise defined in this Amendment have the respective meanings set
forth in the Subservicing Agreement.

 

Section
2.    Amendment to Subservicing Agreement. The Subservicing Agreement is hereby amended so that all of the terms and
provisions of this Amendment, including the recitals to this Amendment and all terms defined in this Amendment, are incorporated
and integrated into, and made a material part of, the Subservicing Agreement as if fully set forth therein.

 

2.01.   CMBS Transactions
Exhibit. Exhibit A to the Subservicing Agreement is hereby removed from the Subservicing Agreement and replaced
with the replacement Exhibit A attached to this Amendment. All references to the “Exhibit A”
in the Subservicing Agreement shall hereafter be deemed to refer to the replacement Exhibit A attached to this Amendment.

 

2.02.   Definitions.

 

(a)         The term
“Base Legacy Servicing Compensation” is deleted in its entirety and replaced with the following:

 

“Base
Legacy Servicing Compensation”: For each Legacy Mortgage Loan, a servicing fee equal to (i) $[__] per annum with
respect to each Legacy Moody’s

 

    Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
 

     

    

 

Mortgage Loan and (ii) $[__] per annum with respect to each Legacy Non-Moody’s Mortgage
Loan, each as provided in Section 4.01 and subject to annual increase as provided in Section 4.02. Base Legacy Servicing
Compensation will be payable monthly in an amount equal to one twelfth of the applicable per annum rate described above multiplied
by the number of applicable Mortgage Loans being serviced pursuant to this Agreement at the end of each calendar month.

 

(b)         The term “Legacy
CMBS Transaction” is deleted in its entirety and replaced with the following:

 

“Legacy
CMBS Transaction”: Each Legacy Moody’s CMBS Transaction and Legacy Non-Moody’s CMBS Transaction.

 

(c)          The term “Legacy
Mortgage Loan” is deleted in its entirety and replaced with the following:

 

“
Legacy Mortgage Loan”: Each Legacy Moody’s Mortgage Loan and Legacy Non-Moody’s Mortgage Loan.

 

(d)         The
following definitions are added: 

“Delegation
Agreement”: That certain Servicing Delegation and Reciprocal Deposit Agreement dated as of the date hereof among
KRECM, Subservicer, and KeyBank National Association, as the same may be amended, restated, or otherwise modified from time to
time.

 

“Legacy
Moody’s CMBS Transaction”: The Moody’s rated commercial mortgage-back securities transactions listed
on Exhibit A.

 

“Legacy
Moody’s Mortgage Loan”: Each Mortgage Loan in a Legacy Moody’s CMBS Transaction.

 

“Legacy
Non-Moody’s CMBS Transaction”: The non-Moody’s rated commercial mortgage-back securities transactions
listed on Exhibit A.

 

“Legacy
Non-Moody’s Mortgage Loan”: Each Mortgage Loan in a Legacy Non-Moody’s CMBS Transaction.

 

2.03     Accounts.

 

(a)         Section 3.01(a)(vi)
is deleted in its entirety and replaced with the following:

 

“(vi)the
creation of any Account shall be evidenced by a certification substantially in the form attached hereto as Exhibit E,
and a copy of any such certification shall be delivered to KRECM on or prior to the Effective Date and thereafter upon any transfer
of such Account; provided that Subservicer shall establish all Accounts related to Legacy Non-Moody’s CMBS Transactions
at KeyBank National Association so long as KeyBank National Association is an eligible depository institution under the related
PSA;”

 

(b)        Section
3.01(a)(vii) is deleted in its entirety and replaced with the following:

 

    Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
 

     

    

 

“(vii)the
Subservicer may invest the funds in each Subservicer Collection Account and the Servicing Accounts related to Future CMBS Transactions
and Legacy Moody’s CMBS Transactions in one or more Permitted Investments on the same terms as KRECM may invest funds in
the collection account or certificate account and the related servicing accounts under the applicable PSA, and subject to the same
restrictions and obligations regarding maturity dates, gains, losses, possession of Permitted Investments and Permitted Investments
payable on demand; provided, however, that funds deposited in the Servicing Fee Account and Ancillary Fee Account
must be deposited in an Eligible Account and may be invested in Permitted Investments;”

 

2.04    Compensation.

 

(a)           The last sentence
of Section 4.01(b) is deleted in its entirety and replaced with the following:

 

“The Subservicer
shall be entitled to retain interest or other investment earnings on the deposit amounts in the Accounts related to Legacy Moody’s
CMBS Transactions and Future CMBS Transactions (but only to the extent of net investment earnings and to the extent not required
to be paid to the Borrower under applicable law or the related loan documents). KRECM, or its affiliate KeyBank National Association,
shall be entitled to retain interest or other investment earnings on the deposit amounts in the Accounts related to Legacy Non-Moody’s
CMBS Transactions (but only to the extent of net investment earnings and to the extent not required to be paid to the Borrower
under applicable law or the related loan documents).”

 

2.05    Termination.

 

(a)The
following is added as Section 6.02(e):

 

“(e)In
the event that KRECM desires and/or is required to transfer or sell any of its servicing responsibilities (or is otherwise terminated
as servicer) under any CMBS Transaction listed on Exhibit K, KRECM may only transfer or sell such servicing responsibilities
(or otherwise be terminated as servicer) in accordance with Section 2.03 of the Delegation Agreement.”

 

(b)The
following is added as Exhibit K:

 

“Exhibit
K        CMBS Transactions With Restricted Subservicing Transfer Rights”

 

		2.06	Notices.

(a)        The last paragraph of Section 7.03(a)
is deleted in its entirety and replaced with the following:

 

“Notwithstanding
the foregoing, solely with respect to any Event of Default set forth in Section 6.01(a)(i)(B), because of the very short
time periods involved notice provided by a telephone call from KRECM to the Subservicer’s Responsible Officer or Mark McCool
shall be sufficient notice, provided that the telephone call is followed by written notice in accordance with the provisions of
this Section 7.03.”

 

    Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
 

     

    

 

Section
3.    RATIFICATION AND REAFFIRMATION OF THE SUBSERVICING AGREEMENT; FURTHER ASSURANCES.

 

3.01.   Ratification
and Reaffirmation. Except as expressly modified in this Amendment, KRECM and the Subservicer each ratifies, affirms, and confirms
the terms, covenants, and provisions of the Subservicing Agreement and any other rights and obligations in favor of each other
thereunder, and acknowledges that the same are and shall continue in full force and effect.

 

3.02.   Further
Assurances. KRECM and Subservicer each further agrees, at its own cost, and without expense to the other party, to do, execute,
acknowledge, and deliver all and every such further agreements, instruments, acts, deeds, conveyances, financing statements, assignments,
notices of assignments, transfers, and assurances as are required from time to time for carrying out the intention of facilitating
the performance of the terms of the Subservicing Agreement and this Amendment.

 

Section
4.   Binding Effect. This Amendment shall be binding upon the parties to this Amendment and their respective heirs,
executors, personal and legal representatives, successors and assigns. Notwithstanding anything to the contrary in this Amendment
or the Subservicing Agreement, KRECM may at any time assign to any party any or all of its rights and obligations under this Agreement,
including by operation of law, merger, or otherwise to any affiliate of KRECM.

 

Section
5.    Governing Law. All issues and questions concerning the construction, validity, enforcement, and interpretation
of this Amendment and (except as otherwise expressly provided therein) the exhibits hereto shall be governed by, and construed
in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other
than the State of New York. In furtherance of the foregoing, the internal law of the State of New York shall control the interpretation
and construction of this Amendment (and all exhibits hereto), even though under that jurisdiction’s choice of law or conflict
of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

 

Section
6.    WAIVER OF JURY TRIAL. KRECM AND THE SUBSERVICER EACH ON ITS OWN BEHALF, BY THIS AMENDMENT WAIVE (TO THE EXTENT
PERMITTED BY APPLICABLE LAW) TRIAL BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF
THIS AMENDMENT OR THE SUBSERVICING AGREEMENT OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF.

 

SECTION
7.    Severability of Provisions. Whenever possible, each provision of this Amendment shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Amendment is held to be prohibited by or
invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of this Amendment and shall be reformed and enforced to the maximum extent permitted under applicable
law.

 

SECTION
8.    Section Headings. The section headings herein are for convenience of reference only, and shall not limit or
otherwise affect the meaning hereof.

 

SECTION
9.    Counterparts; Effectiveness. For the purpose of facilitating the execution of this Amendment and for other
purposes, this Amendment may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed
to be an original, and such

 

 

    Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
	 

    	 

    

 

counterparts shall constitute but one and the same instrument. A signature of a party by facsimile
or other electronic transmission (including a .pdf copy sent by e-mail) shall be deemed to constitute an original and fully effective
signature of such party. This Amendment shall become effective upon the execution of a counterpart of this Amendment by each party
hereto.

 

SECTION 10. Construction.
This Amendment shall be construed without regard to any presumption or rule requiring construction against the party causing a
document or any portion thereof to be drafted. Any pronoun used in this Amendment shall be deemed to cover all genders. The terms
“include”, “including” and similar terms shall be construed as if followed by the phrase “without
being limited to.” The term “or” has, except where otherwise indicated, the inclusive meaning represented by
the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,”
and similar terms in this Amendment refer to this Amendment as a whole and not to any particular provision or section of this Amendment.

 

SECTION 11. Modification
of Agreement. This Amendment, and any provisions of this Amendment, may not be modified, amended, waived, extended,
changed, discharged or terminated orally or by any act or failure to act on the part of any party to this Amendment, but only by
an agreement in writing signed by the party against whom enforcement of any modification, amendment, waiver, extension, change,
discharge or termination is sought.

 

[Remainder of Page
Intentionally Blank; Signatures on Next Page]

 

 

    Key / Berkadia – Amendment No. 1 to
A&R Subservicing Agreement (Master)
 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Amendment on the date first written above.  

	 	 	 
	 	KRECM:
	 	 
	 	KEYCORP REAL
ESTATE CAPITAL MARKETS, INC., 

                    an Ohio corporation

	 	 
	 	By:	/s/ Marty L. O’Connor
	 	Name: Marty L. O’Connor
	 	Title:   Executive Vice President
	 	 
	 	SUBSERVICER:
	 	
	 	BERKADIA
COMMERCIAL MORTGAGE LLC, 

                    a Delaware limited liability company

	 	 
	 	By:	/s/ Mark E. McCool
	 	Name: Mark E. McCool
	 	Title:   Executive Vice President

 

   Key / Berkadia – Amendment No. 1 to A&R Subservicing Agreement (Master)

2390578
	 

    	 

    

  

SCHEDULE 1

 

(Additional CMBS Transactions)

 

None.

 

   Key / Berkadia – Amendment No. 1 to A&R Subservicing Agreement (Master)

	

    	 

    

 

EXHIBIT A

  

(CMBS Transactions)

 

CGCMT 2016-GC36

 

   Key / Berkadia – Amendment No. 1 to A&R Subservicing Agreement (Master)
	 

    	 

    

 

EXHIBIT K 

 

(CMBS Transactions With
Restricted Transfer Rights)

 

None.

 

   Key / Berkadia – Amendment No. 1 to A&R Subservicing Agreement (Master)
	 

    	 

    

 

SECOND
AMENDMENT

 

TO

 

AMENDED
AND RESTATED SUBSERVICING AGREEMENT

 

THIS SECOND AMENDMENT TO AMENDED AND RESTATED
SUBSERVICING AGREEMENT (this “Amendment #2”) is made this 6th day of January, 2014 by and
between KeyBank National Association (“KeyBank”) and Berkadia Commercial Mortgage LLC (the
“Subservicer”) with respect to the following facts:

 

RECITALS

 

A.           KeyCorp
Real Estate Capital Markets, Inc. (“KRECM”) and Subservicer entered into that certain Amended and Restated
Subservicing Agreement (the “Agreement”) dated and effective as of January 18, 2013, which was further
amended on June 24, 2013.

 

B.           KRECM
merged into KeyBank National Association (“KeyBank”) effective as of the close of business on September
30, 2013.

 

C.           By
operation of law, KeyBank succeeded to all rights and obligations of KRECM under the Agreement.

 

D.           KeyBank
and Subservicer wish to amend the Agreement as set forth in this Amendment #2.

 

AGREEMENT

 

SECTION 1.     DEFINED TERMS.
All capitalized terms not otherwise defined in this Amendment #2 shall have the respective meanings set forth in the Agreement.

 

SECTION 2.     AMENDMENT TO AGREEMENT.
The Agreement is hereby amended so that all of the terms and provisions of this Amendment #2, including the recitals to this
Amendment #2 and all terms defined in this Amendment #2, are incorporated and integrated into, and made a material part of, the
Agreement as if fully set forth therein.

 

2.01.       Definitions
and References.

 

(a)          The
following definitions are added:

 

“Non-Restricted Payoff
Quote”: A payoff quote of a Mortgage Loan (a) at the maturity date of such Mortgage Loan, (b) that does not require
the payment of a prepayment premium or other similar fee or premium, or (c) that has been previously defeased and is permitted
to be paid off.

 

“Restricted Payoff
Quote”: With respect to any Mortgage Loan, a payoff quote that is not a Non-Restricted Payoff Quote.

 

(b)          All
references in the Agreement to “KeyCorp Real Estate Capital Markets, Inc.” or “KRECM”
shall be deleted and deemed replaced with “KeyBank National Association” or “KeyBank”
as applicable.

 

   Key / Berkadia – Amendment No. 2 to A&R Subservicing Agreement (Master)
	 

    	 

    

 

(c)          All
references in the Agreement to KRECM or KeyBank being an “Ohio corporation” or other similar term shall be deleted
and deemed replaced with “national banking association.”

 

2.02        Lease
Reviews. Section 2.03(a)(viii) is removed in its entirety and replaced with the following:

 

Section 2.03(a)(viii) “Reserved.”

 

2.03        Principal
Prepayments. Section 3.01(c) is deleted in its entirety and replaced with the following:

 

Section 3.01(c)

 

		(i)	With respect to each Non-Restricted Payoff Quote, the
Subservicer shall, not later than five (5) Business Days after its receipt of any such request or notice, deliver to the Borrower
a payoff statement calculated by the Subservicer with respect to such principal prepayment setting forth the amount of the principal
prepayment, the aggregate interest accrued thereon, the rates used, the date of such rates, and the other fees or expenses to
be paid by the Borrower. If the Subservicer accepts any principal prepayment, then it shall (pursuant to wiring instructions from
KeyBank) remit such principal prepayment to KeyBank on the Subservicer Remittance Date.

 

		(ii)	With respect to each Restricted Payoff Quote, the Subservicer
shall perform principal prepayments in accordance with the Task List. The Subservicer shall, (i) not later than five (5) Business
Days after its receipt of any such request or notice, deliver to KeyBank a payoff statement calculated by the Subservicer with
respect to such principal prepayment setting forth the amount of the principal prepayment, the aggregate interest accrued thereon,
the rates used, the date of such rates, and the other fees or expenses to be paid by the Borrower; and (ii) deliver to KeyBank
and a copy to AMS Real Estate Services for any loan with a calculated yield maintenance charges, all documents and other information
in Subservicer’s possession, and any other information reasonably requested by KeyBank, or AMS Real Estate Services, to
verify the Subservicer’s calculations. KeyBank shall respond within five (5) Business Days after receipt of such requests,
notices or other requested information or KeyBank shall be deemed to have approved the Subservicer’s calculations. If the
Subservicer accepts any principal prepayment, then it shall (pursuant to wiring instructions from KeyBank) remit such principal
prepayment to KeyBank on the Subservicer Remittance Date.

 

2.04        Liability
and Indemnification. Section 5.02(d) is deleted in its entirety and replaced with the following:

 

The Subservicer shall indemnify
and hold harmless KeyBank and any directors, officers, agents or employees of KeyBank (the “KeyBank Parties”)
from and against any loss, damage, liability, penalty, fine, forfeiture, cost or expense (including reasonable legal fees
and expenses) incurred in connection with any claim or legal action incurred by reason of the Subservicer’s (i) breach of
any representation or warranty made by it in this Agreement, (ii) breach of its obligations under Section 3.06, (iii) certification
required under Section 3.06 containing any material inaccuracy, (iv) willful misconduct, misfeasance, bad faith, or negligence
in the performance of any of its obligations or duties under this Agreement, (v) material breach of any of its covenants, obligations
or duties under this Agreement, (vi) willful violation of applicable law in the

 

   Key / Berkadia – Amendment No. 2 to A&R Subservicing Agreement (Master)
	 

    	 

    

  

 performance of any of its obligations or duties
under this Agreement, (vii) breach of Accepted Subservicing Practices, or (viii) calculation of the payoff statements under Section
3.01(c)(i); provided that the Subservicer shall not be required to indemnify or hold harmless KeyBank for taking any action
or refraining from taking any action at the express direction of KeyBank or with the specific consent of KeyBank.

 

2.05          Governance
and Relationship Review. Section 5.04 is added to the Agreement and shall read in its entirety as follows:

 

Section 5.04. Governance and Relationship
Review.

 

(a)            Each
of Key and Subservicer agrees to appoint, and at all times during the term of the Agreement to maintain the appointment of, two
employees with the title of Senior Vice President or higher as its respective relationship manager (each, a “Relationship
Manager”).

 

(b)            Each
party shall deliver to the other party written notice of the name and contact information for its respective Relationship Managers
as soon as each is appointed. Until such further notice, initial Relationship Manages shall be:

 

	KeyBank	Subservicer
	
        Bryan Nitcher, Senior Vice President Portfolio
Services 

        Phone: 913-317-4374 

        Email: bryansnitcher@keybank.com

         
	
        Clare Dooley, Senior Vice President —Strategic
Initiatives 

        Phone: 215-328-3190 

        Email: clare.dooley@berkadia.com

         

	
        Diane Haislip, Senior Vice President Loan

Servicing & Asset Management Phone: 913-317-4378 

        Email: dianechaislip@keybank.com

         
	
        Brian Shoch, Senior Vice President —
Portfolio Integration 

        Phone: 215-328-3458 

        Email: brian.shoch@berkadia.com

         

  

(c)            During
the term of the Agreement each party shall cause one or both of its Relationship Managers to meet with one or both of the other
party’s Relationship Managers to review the activities contemplated by the Agreement. Such meetings shall occur no less frequently
than two (2) times per year. The first meeting of each year shall take place within 30 days after the end of the first calendar
quarter of the year and the second meeting shall take place within 30 days after the end of the third quarter of the calendar year.
At least one (1) of the annual meetings shall take place at Subservicer’s office location in Horsham, PA.

 

SECTION 3.     EFFECT
OF AMENDMENT. Except as expressly set forth herein, the Agreement is unchanged and, as expressly amended hereby, remains in
full force and effect. For the purpose of facilitating the execution of this Amendment #2 as provided herein and for other purposes,
this Amendment #2 may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be
an original, and such counterparts shall constitute but one and the same instrument. A signature of a party by facsimile, e-mail
or other electronic transmission shall be deemed to constitute an original and fully effective signature of such party.

  

   Key / Berkadia – Amendment No. 2 to A&R Subservicing Agreement (Master)
	 

    	 

    

  

IN WITNESS WHEREOF
each party has caused this Amendment #2 to be executed by its duly authorized representative, intending to be legally bound hereby. 

	 	 	 	 
	KEYBANK NATIONAL ASSOCIATION	 	BERKADIA COMMERCIAL ASSOCIATION
	 	 	 	 	 
	By	/s/ Bryan Nitcher	 	By	/s/ Mark E. McCool
	Name: Bryan Nitcher	 	Name: Mark E. McCool
	Title:   Senior Vice President	 	Title:   Executive Vice President

 

   46388413.3

(Master Servicing Amendment) 
46548209.3
	 

    	 

    

  

AMENDMENT
NO. 3 TO AMENDED AND RESTATED SUBSERVICING AGREEMENT

 

Dated as of April 3, 2015

 

between

 

KEYBANK
NATIONAL ASSOCIATION

 

and

 

BERKADIA
COMMERCIAL MORTGAGE LLC

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
	 

    	 

    

  

THIS AMENDMENT NO.
3 TO AMENDED AND RESTATED SUBSERVICING AGREEMENT (this “Amendment”), dated as of
April 3, 2015 by and between KEYBANK NATIONAL ASSOCIATION, a national banking association (together with its successors
and assigns, “KeyBank”), and BERKADIA COMMERCIAL MORTGAGE LLC, a Delaware limited liability company
(together with its successors and assigns, the “Subservicer”).

 

RECITALS

 

A.          KeyCorp
Real Estate Capital Markets, Inc. (“KRECM”) and the Subservicer entered into that certain Amended and
Restated Subservicing Agreement dated January 18, 2013 (as amended, restated, or otherwise modified from time to time, the “Subservicing
Agreement”), together with other related agreements, documents, and instruments, pursuant to
which the Subservicer will be engaged to perform certain servicing responsibilities related to certain commercial mortgage loans
under the related pooling and servicing agreements related to future commercial mortgage-backed securitization transactions (the
“Future CMBS Transactions”).

 

B.           Effective
October 1, 2013, KRECM was merged into KeyBank with KeyBank being the surviving entity and successor to KRECM.

 

C.           KeyBank
and the Subservicer desire to amend the terms of the Subservicing Agreement whereby the Subservicer shall deposit with KeyBank
certain deposits with respect to Future CMBS Transactions as more specifically set forth in this Amendment.

 

AGREEMENT

 

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

 

SECTION 1.     DEFINED
TERMS. All capitalized terms not otherwise defined in this Amendment have the respective meanings set forth in the Subservicing
Agreement.

 

SECTION 2.    ACKNOWLEDGEMENT
AND ASSUMPTION BY KEYBANK AND THE SUBSERVICER. KeyBank assumes and agrees to duly and punctually perform and observe each and
every covenant, obligation, promise, responsibility, term, and condition to be performed or observed by “KRECM” under
the Subservicing Agreement. The Subservicer acknowledges and agrees that by operation of law and otherwise that it shall treat
KeyBank as “KRECM” for all purposes under the Subservicing Agreement and that KeyBank shall be entitled to all of the
rights and benefits of KRECM under the Subservicing Agreement.

 

SECTION 3.      AMENDMENT
TO SUBSERVICING AGREEMENT. The Subservicing Agreement is hereby amended so that all of the terms and provisions of this Amendment,
including the recitals to this Amendment and all terms defined in this Amendment, are incorporated and integrated into, and made
a material part of, the Subservicing Agreement as if fully set forth therein.

 

3.01.       Definitions.

 

(a)          The
term “Base Future Servicing Compensation” is deleted in its entirety and replaced with the following:

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
	 

    	 

    

  

“Base
Future Servicing Compensation”: For each Future Mortgage Loan, a servicing fee equal to (i) $[__] per annum with
respect to any Future CMBS Transaction that is not an Excluded Future CMBS Transaction and (ii) $[__] per annum with respect to
any Excluded Future CMBS Transaction, each as provided in Section 4.01 and subject to annual increase as provided in Section
4.02. Base Future Servicing Compensation will be payable monthly in an amount equal to one twelfth of the applicable per annum
rate described above multiplied by the number of applicable Mortgage Loans being serviced pursuant to this Agreement at the end
of each calendar month.

 

(b)          The
following definitions are added:

 

“Excluded
Future CMBS Deposits”: Any escrows, reserves, and other similar amounts permitted to be held by KRECM with respect
to any Future CMBS Transaction pursuant to the related Securitization Servicing Agreements (excluding any deposits held by a cashiering
sub-servicer (i) that is not an affiliate of KRECM and (ii) that KRECM is required to retain as a cashiering sub-servicer in connection
with the related Future CMBS Transaction).

 

“Excluded
Future CMBS Transactions”: Any Future CMBS Transaction that KRECM notifies the Subservicer that the Subservicer shall
(i) service the related Future Mortgage Loans pursuant to this Agreement and (ii) establish any Accounts related to Excluded Future
CMBS Deposits with KeyBank National Association or such other financial institution as KRECM designates. Schedule I
attached hereto lists transactions entered into prior to the date hereof which shall be Excluded Future CMBS Transactions. On the
Subservicer Remittance Date immediately following the date hereof, the Subservicer may withhold and not remit to KRECM the amounts
owed to the Subservicer for the Base Future Servicing Compensation for the Excluded Future CMBS Transactions identified on Schedule
I in the amount of $[__].

 

3.02        Accounts.

 

(a)          Section
3.01(a)(vi) is deleted in its entirety and replaced with the following:

 

(vi)          the
creation of any Account shall be evidenced by a certification substantially in the form attached hereto as Exhibit E,
and a copy of any such certification shall be delivered to KRECM on or prior to the Effective Date and thereafter upon any transfer
of such Account; provided that Subservicer shall establish all (A) Accounts related to Legacy Non-Moody’s CMBS Transactions
at KeyBank National Association so long as KeyBank National Association is an eligible depository institution under the related
PSA and (B) escrow, reserve, and other similar Servicing Accounts related to Excluded Future CMBS Transactions at KeyBank National
Association (so long as KeyBank National Association is an eligible depository institution under the related PSA) or such other
financial institution as KRECM designates;

 

(b)          Section
3.01(a)(vii) is deleted in its entirety and replaced with the following:

 

(vii)        the
Subservicer may invest the funds in each Subservicer Collection Account and the Servicing Accounts related to Future CMBS Transactions
(other than any Servicing Account related to any Excluded Future CMBS Transaction) and Legacy Moody’s CMBS Transactions in
one or more Permitted Investments on the same terms as KRECM

 

   Key / Berkadia – Amendment No.3  to A&R Subservicing Agreement (Master)
	 

    	 

    

 

may invest funds in the collection account or certificate account
and the related servicing accounts under the applicable PSA, and subject to the same restrictions and obligations regarding maturity
dates, gains, losses, possession of Permitted Investments and Permitted Investments payable on demand; provided, however,
that funds deposited in the Servicing Fee Account and Ancillary Fee Account must be deposited in an Eligible Account and may be
invested in Permitted Investments;”

 

3.03        Compensation.

 

(a)            The
last sentence of Section 4.01(b) is deleted in its entirety and replaced with the following:

 

The Subservicer
shall be entitled to retain interest or other investment earnings on the deposit amounts in the Accounts related to Legacy Moody’s
CMBS Transactions and Future CMBS Transactions (but only to the extent of net investment earnings and to the extent not required
to be paid to the Borrower under applicable law or the related loan documents) other than any interest or other investment earnings
on any Excluded Future CMBS Deposits. KRECM shall be entitled to retain interest or other investment earnings on (i) the deposit
amounts in the Accounts related to Legacy Non-Moody’s CMBS Transactions (but only to the extent of net investment earnings
and to the extent not required to be paid to the Borrower under applicable law or the related loan documents) and (ii) all Excluded
Future CMBS Deposits.

 

(b)            The
following sentence is added to the end of Section 4.02:

 

Notwithstanding
the foregoing, with respect to any Excluded Future CMBS Transaction, the Future Base Servicing Compensation shall not begin to
increase by the CPI Adjustment until April 2016.

 

3.04        Notices.

 

(a)          Clause
(i) of Section 7.03(a) is deleted in its entirety and replaced with the following:

 

Berkadia Commercial
Mortgage LLC 

323 Norristown
Road, Suite 300 

Ambler, PA
19002 

Attn: Mark
E. McCool 

Fax : 215-328-3478

 

with a copy
to:

 

Berkadia Commercial
Mortgage LLC 

323 Norristown
Road, Suite 300 

Ambler, PA
19002 

Attn: General
Counsel 

Fax: 215-682-0766

 

(b)          Clause
(ii) of Section 7.03(a) is deleted in its entirety and replaced with the following:

 

KeyBank National
Association

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
	 

    	 

    

 

11501 Outlook
Street, Suite 300 

Overland Park,
Kansas 66211 

Attn: Bryan
Nitcher 

Fax: 877-379-1625

 

with a copy
to:

 

Polsinelli
PC 

900 West 48th
Place, Suite 900 

Kansas City,
Missouri 64112 

Attn: Kraig
Kohring 

Fax: 816-753-1536

 

SECTION 4.     RATIFICATION
AND REAFFIRMATION OF THE SUBSERVICING AGREEMENT., FURTHER ASSURANCES.

 

4.01. Ratification
and Reaffirmation. Except as expressly modified in this Amendment, KeyBank and the Subservicer each ratifies, affirms, and
confirms the terms, covenants, and provisions of the Subservicing Agreement and any other rights and obligations in favor of each
other thereunder, and acknowledges that the same are and shall continue in full force and effect.

 

4.02. Further Assurances.
KeyBank and Subservicer each further agrees, at its own cost, and without expense to the other party, to do, execute, acknowledge,
and deliver all and every such further agreements, instruments, acts, deeds, conveyances, financing statements, assignments, notices
of assignments, transfers, and assurances as are required from time to time for carrying out the intention of facilitating the
performance of the terms of the Subservicing Agreement and this Amendment.

 

SECTION 5.     BINDING
EFFECT. This Amendment shall be binding upon the parties to this Amendment and their respective heirs, executors, personal
and legal representatives, successors and assigns. Notwithstanding anything to the contrary in this Amendment or the Subservicing
Agreement, KeyBank may at any time assign to any party any or all of its rights and obligations under this Agreement, including
by operation of law, merger, or otherwise to any affiliate of KeyBank.

 

SECTION 6.     GOVERNING
LAW. All issues and questions concerning the construction, validity, enforcement, and interpretation of this Amendment and
(except as otherwise expressly provided therein) the exhibits hereto shall be governed by, and construed in accordance with, the
laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the
State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of New York. In furtherance of the foregoing, the internal law of the State of New York shall control the interpretation and construction
of this Amendment (and all exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law analysis,
the substantive law of some other jurisdiction would ordinarily apply.

 

SECTION 7.     WAIVER
OF JURY TRIAL. KEYBANK AND THE SUBSERVICER EACH ON ITS OWN BEHALF, BY THIS AMENDMENT WAIVE (TO THE EXTENT PERMITTED BY APPLICABLE
LAW) TRIAL BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS AMENDMENT OR THE
SUBSERVICING AGREEMENT OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF.

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
	 

    	 

    

 

 

SECTION 8.     SEVERABILITY
OF PROVISIONS. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Amendment is held to be prohibited by or invalid under applicable law,
such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of
this Amendment and shall be reformed and enforced to the maximum extent permitted under applicable law.

 

SECTION 9.      SECTION
HEADINGS. The section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning
hereof.

 

SECTION 10.   COUNTERPARTS;
EFFECTIVENESS. For the purpose of facilitating the execution of this Amendment and for other purposes, this Amendment may be
executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts
shall constitute but one and the same instrument. A signature of a party by facsimile or other electronic transmission (including
a .pdf copy sent by e-mail) shall be deemed to constitute an original and fully effective signature of such party. This Amendment
shall become effective upon the execution of a counterpart of this Amendment by each party hereto.

 

SECTION 11.   CONSTRUCTION.
This Amendment shall be construed without regard to any presumption or rule requiring construction against the party causing
a document or any portion thereof to be drafted. Any pronoun used in this Amendment shall be deemed to cover all genders. The
terms “include”, “including” and similar terms shall be construed as if followed by the phrase “without
being limited to.” The term “or” has, except where otherwise indicated, the inclusive meaning represented by
the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,”
and similar terms in this Amendment refer to this Amendment as a whole and not to any particular provision or section of this
Amendment.

 

SECTION 12.   MODIFICATION
OF AGREEMENT. This Amendment, and any provisions of this Amendment, may not be modified, amended, waived, extended, changed,
discharged or terminated orally or by any act or failure to act on the part of any party to this Amendment, but only by an agreement
in writing signed by the party against whom enforcement of any modification, amendment, waiver, extension, change, discharge or
termination is sought.

 

[Remainder of Page
Intentionally Blank; Signatures on Next Page]

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
	 

    	 

    

  

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above. 

 

	 	 	 
	 	KEYBANK:
	 	 
	 	KEYBANK NATIONAL
ASSOCIATION,

                    a national banking association

	 	 
	 	By:	/s/ Bryan Nitcher
	 	Name: Bryan Nitcher
	 	Title: Senior
Vice President
	 	 
	 	SUBSERVICER:
	 	
	 	BERKADIA
                    COMMERCIAL MORTGAGE LLC,

                    a Delaware limited liability company

	 	 
	 	By:	/s/ Mark E. McCool
	 	Name: Mark E. McCool
	 	Title: Executive Vice President

 

   Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)

48152310
	 

    	 

    

 

SCHEDULE
I

 

(Existing Excluded Future CMBS Transactions)

 

	Securitization	Pooling and Servicing Agreement
	CGCMT 2016-GC36	Pooling and Servicing Agreement dated 

February 1, 2016

 

    	Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement
                                                                                                                                                                                               (Master)

    	 

    

 

AMENDMENT
NO. 4 TO AMENDED AND RESTATED SUBSERVICING AGREEMENT

 

Dated as of October 13, 2015

 

between

 

KEYBANK
NATIONAL ASSOCIATION

 

and

 

BERKADIA
COMMERCIAL MORTGAGE LLC

 

    	Key / Berkadia –  Amendment No. 4 to A&R Subservicing Agreement (Master)

    	 

    

 

THIS AMENDMENT NO.
4 TO AMENDED AND RESTATED SUBSERVICING AGREEMENT (this “Amendment”), dated as of October 13, 2015 by
and between KEYBANK NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “KeyBank”),
and BERKADIA COMMERCIAL MORTGAGE LLC, a Delaware limited liability company (together with its successors and assigns, the
“Subservicer”).

 

RECITALS

 

A.           KeyCorp Real
Estate Capital Markets, Inc. (“KRECM”) and the Subservicer entered into that certain Amended and Restated
Subservicing Agreement dated January 18, 2013 (as amended, restated, or otherwise modified from time to time, the “Subservicing
Agreement”), together with other related agreements, documents, and instruments, pursuant to which the Subservicer
will be engaged to perform certain servicing responsibilities related to certain commercial mortgage loans under the related pooling
and servicing agreements related to future commercial mortgage-backed securitization transactions (the “Future CMBS
Transactions”).

 

B.           Effective October
1, 2013, KRECM was merged into KeyBank with KeyBank being the surviving entity and successor to KRECM.

 

C.           KeyBank and the
Subservicer desire to amend the terms of the Subservicing Agreement as set forth in this Agreement.

 

AGREEMENT

 

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

 

SECTION 1.     DEFINED
TERMS. All capitalized terms not otherwise defined in this Amendment have the respective meanings set forth in the Subservicing
Agreement.

 

SECTION 2.     AMENDMENT
TO SUBSERVICING AGREEMENT. The Subservicing Agreement is hereby amended so that all of the terms and provisions of this Amendment,
including the recitals to this Amendment and all terms defined in this Amendment, are incorporated and integrated into, and made
a material part of, the Subservicing Agreement as if fully set forth therein.

 

		2.01.	Defeasance.

 

		(a)	Section 2.03(a)(i) is removed in its entirety
and replaced with the following:

 

		 	Section 2.03(a)(i)“Reserved.”

 

		(b)	The following is added as Section 3.01(a)(xii):

 

(xii)Subservicer shall promptly
notify KeyBank after (A) the Subservicer receives any request from a Borrower for a defeasance or partial defeasance transaction
and (B) the closing and completion of any defeasance or partial defeasance transaction.

 

2.02         Insurance
Obligations. Section 3.01(a)(iv) is deleted in its entirety and replaced with the following:

 

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Section 3.01(a)

 

		(iv)	with respect to each Mortgage Loan, the Subservicer shall, consistent with Accepted Subservicing
Practices and the Task List, monitor the related Borrower’s insurance obligations in accordance with PSA and the related
Mortgage Loan documents, and in the event a Borrower fails to maintain such insurance, the Subservicer shall promptly notify KeyBank
in writing of such Borrower’s failure to maintain such insurance and whether or not such insurance is required by the terms
of the related Mortgage Loan documents, and (B) unless such action requires third party approval and consistent with the Task List
administer for forced place insurance as required by the applicable PSA and as is consistent with the Task List;

 

2.03         Principal
Prepayments. Section 3.01(c) is deleted in its entirety and replaced with the following:

 

Section 3.01

 

		(i)	With respect to each Non-Restricted Payoff Quote, the Subservicer shall, not later than five (5)
Business Days after its receipt of any such request or notice, deliver to the Borrower a payoff statement calculated by the Subservicer
with respect to such principal prepayment setting forth the amount of the principal prepayment, the aggregate interest accrued
thereon, the rates used, the date of such rates, and the other fees or expenses to be paid by the Borrower. If the Subservicer
accepts any principal prepayment, then it shall (pursuant to wiring instructions from KeyBank) remit such principal prepayment
to KeyBank on the Subservicer Remittance Date.

 

		(ii)	With respect to each Restricted Payoff Quote, the Subservicer shall perform principal prepayments
in accordance with the Task List. The Subservicer shall, (i) not later than five (5) Business Days after its receipt of any such
request or notice, deliver to KeyBank a payoff statement calculated by the Subservicer with respect to such principal prepayment
setting forth the amount of the principal prepayment, the aggregate interest accrued thereon, the rates used, the date of such
rates, and the other fees or expenses to be paid by the Borrower; and (ii) deliver to KeyBank and a copy to AMS Real Estate Services
for any loan with a calculated yield maintenance charges, all documents and other information in Subservicer’s possession,
and any other information reasonably requested by KeyBank, or AMS Real Estate Services, to verify the Subservicer’s calculations.
KeyBank shall respond within five (5) Business Days after receipt of such requests, notices or other requested information or KeyBank
shall be deemed to have approved the Subservicer’s calculations unless such action requires third party approval, in which
case, the consent of KeyBank and the third party is required. If the Subservicer accepts any principal prepayment, then it shall
(pursuant to wiring instructions from KeyBank) remit such principal prepayment to KeyBank on the Subservicer Remittance Date.

 

		(iii)	Upon a payoff of a specially serviced Mortgage Loan or the principal balance of any specially serviced
Mortgage Loan otherwise reaching “zero,” the Subservicer shall deliver to KeyBank within two (2) Business Days any
and all (i) escrow and reserve deposits and other amounts and (ii) servicing files and documents, in each case relating to such
Mortgage Loan, and this Agreement shall be deemed terminated with respect to such Mortgage Loan and the subservicer shall have
no further obligations (and shall receive no further compensation) with respect to such Mortgage Loan.

 

2.04         Termination.  Section 6.02(a)(i) is deleted in its entirety and replaced with the following:

 

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		(i)	with respect to any Mortgage Loan, upon the purchase, repurchase, replacement, payoff, liquidation,
sale or other similar disposition of such Mortgage Loan pursuant to the applicable SSA or PSA; or

 

2.05         Task List.
Section 4(j) of Exhibit G of the Agreement is amended to delete the requirement for KeyBank approval of forced place
insurance premiums.

 

SECTION 3.     RATIFICATION
AND REAFFIRMATION OF THE SUBSERVICING AGREEMENT; FURTHER ASSURANCES.

 

3.01.        Ratification
and Reaffirmation. Except as expressly modified in this Amendment, KeyBank and the Subservicer each ratifies, affirms, and
confirms the terms, covenants, and provisions of the Subservicing Agreement and any other rights and obligations in favor of each
other thereunder, and acknowledges that the same are and shall continue in full force and effect.

 

3.02.        Further Assurances. KeyBank and Subservicer each further agrees, at its own cost, and without expense to the other party, to do, execute, acknowledge,
and deliver all and every such further agreements, instruments, acts, deeds, conveyances, financing statements, assignments, notices
of assignments, transfers, and assurances as are required from time to time for carrying out the intention of facilitating the
performance of the terms of the Subservicing Agreement and this Amendment.

 

SECTION 4.     BINDING
EFFECT. This Amendment shall be binding upon the parties to this Amendment and their respective heirs, executors, personal
and legal representatives, successors and assigns. Notwithstanding anything to the contrary in this Amendment or the Subservicing
Agreement, KeyBank may at any time assign to any party any or all of its rights and obligations under this Agreement, including
by operation of law, merger, or otherwise to any affiliate of KeyBank.

 

SECTION 5.     GOVERNING
LAW. All issues and questions concerning the construction, validity, enforcement, and interpretation of this Amendment and
(except as otherwise expressly provided therein) the exhibits hereto shall be governed by, and construed in accordance with, the
laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the
State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of New York. In furtherance of the foregoing, the internal law of the State of New York shall control the interpretation and construction
of this Amendment (and all exhibits hereto), even though under that jurisdiction’s choice of law or conflict of law analysis,
the substantive law of some other jurisdiction would ordinarily apply.

 

SECTION 6.     WAIVER
OF JURY TRIAL. KEYBANK AND THE SUBSERVICER EACH ON ITS OWN BEHALF, BY THIS AMENDMENT WAIVE (TO THE EXTENT PERMITTED BY APPLICABLE
LAW) TRIAL BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS AMENDMENT OR THE
SUBSERVICING AGREEMENT OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF.

 

SECTION 7.     SEVERABILITY
OF PROVISIONS. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Amendment is held to be prohibited by or invalid under applicable law,
such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of
this Amendment and shall be reformed and enforced to the maximum extent permitted under applicable law.

 

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SECTION 8.     SECTION
HEADINGS. The section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning
hereof.

 

SECTION 9.    COUNTERPARTS;
EFFECTIVENESS. For the purpose of facilitating the execution of this Amendment and for other purposes, this Amendment may be
executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts
shall constitute but one and the same instrument. A signature of a party by facsimile or other electronic transmission (including
a .pdf copy sent by e-mail) shall be deemed to constitute an original and fully effective signature of such party. This Amendment
shall become effective upon the execution of a counterpart of this Amendment by each party hereto.

 

SECTION 10.   CONSTRUCTION. This Amendment shall be construed without regard to any presumption or rule requiring construction against the party causing
a document or any portion thereof to be drafted. Any pronoun used in this Amendment shall be deemed to cover all genders. The
terms “include”, “including” and similar terms shall be construed as if followed by the phrase “without
being limited to.” The term “or” has, except where otherwise indicated, the inclusive meaning represented by
the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,”
and similar terms in this Amendment refer to this Amendment as a whole and not to any particular provision or section of this
Amendment.

 

SECTION 11.   MODIFICATION
OF AGREEMENT. This Amendment, and any provisions of this Amendment, may not be modified, amended, waived, extended, changed,
discharged or terminated orally or by any act or failure to act on the part of any party to this Amendment, but only by an agreement
in writing signed by the party against whom enforcement of any modification, amendment, waiver, extension, change, discharge or
termination is sought.

 

[Remainder of Page Intentionally Blank;
Signatures on Next Page]

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Amendment on the date first written above.

	 	 	 
	 	KeyBank:
	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, 

a national banking association
	 	 	 
	 	By:	/s/ Bryan Nitcher
	 	Name: Bryan Nitcher 
	 	Title: Senior Vice President
	 	 	 
	 	SUBSERVICER:
	 	 	 
	 	BERKADIA COMMERCIAL MORTGAGE LLC, 

a Delaware limited liability company
	 	 	 
	 	By:	/s/ Mark E. McCool 
	 	Name: Mark E. McCool 
	 	Title: Executive Vice President

 

    	Key
                                         / Berkadia –  Amendment No. 4 to A&R Subservicing Agreement (Master)

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